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6699 Scott Road, Vernon

MLS® #10383417
About this Property

INCOME TODAY. DEVELOPMENT POTENTIAL TOMORROW. 6699 Scott Road offers a combination of strong rental income and future redevelopment potential in one of Vernon's growing neighbourhoods. Currently generating approximately $75,338 per year in gross rental income, the property is fully tenanted and configured with multiple self-contained living areas, providing immediate cash flow while future plans are explored. Tenants contribute toward utilities. Buyers should verify all income, expenses, and tenancy arrangements. Situated on a 0.32-acre (1,295 m²) lot and zoned MUS (Multi-Unit Small Scale), the property offers long-term upside beyond its current income stream. Based on current density allowances, preliminary analysis suggests potential for approximately 6–7 units, subject to City of Vernon approvals. Buyers should complete their own due diligence regarding servicing, development requirements, and approvals. Located less than 1 km from Kin Beach and close to Okanagan Landing amenities, schools, parks, and transit, the property benefits from a location attractive to both tenants and future residents. Whether you are looking for a cash-flowing investment, a holding property with future upside, or a redevelopment opportunity, 6699 Scott Road offers income today with potential for tomorrow. Investor package including rent roll, pro forma, zoning summary, and servicing information available upon request. (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Freehold

Annual Tax

$4,377

Parcel Number

005-386-411

Data Source

Association of Interior REALTORS®

Exterior & Lot

Lot Size

0.32 acres

Lot Features

Corner Site
Building & Utilities

Water Source

Municipal water

Sewer

Municipal sewage system

Utilities

WaterSewerNatural GasElectricity

$949,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Oakwyn Realty Okanagan

Mortgage Calculator
$189,800

Loan Amount:

$759,200

Estimated Monthly Payment:

$3,700

This is an estimate for informational purposes only. Consult with a financial advisor.