2611 Lakeshore Road, Vernon, British Columbia, V1H 1N1

MLS® # 10384198

Commercial For Sale In Vernon, British Columbia

$799,000

None Beds

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2611 Lakeshore Road, Vernon, British Columbia, V1H 1N1

$799,000

Property Information:

2024 Appraisal on file for $950,000. Seller is licensed in the province of BC. Excellent multifamily, redevelopment opportunity across the road from Kin beach. Collect rent up and down while you wait to redevelop or go through the process. Or live a few steps from the beach. The main floor boasts a fully renovated 2-bedroom suite, complete with new flooring, new kitchen and fresh paint. The basement suite includes 2 bedrooms, 1 bathroom, and a generous family room. This property stands as a prime opportunity in the heart of Vernon's Waterfront Neighborhood Centre Plan that is up and coming in the near future. The city is open to Residential Medium Density zoning. offering unmatched flexibility for developers and investors alike. Zoning supports a broad range of high-return projects, all enhanced by panoramic lake views and immediate access to one of the region’s most scenic lakefront corridors. The value in this property is all about the potential. This whole corridor is slated for redevelopment. With a new high-rise apartment building just down the road, the potential has already started rising. (id:27)

Building Features:

Style: Mixed
Building Type: Residential Commercial Mix
Heating Type: Baseboard heaters

Property Features:

Property Type: Other
Access Type: Easy access
Amenities Nearby: Public Transit, Park, Recreation, Schools, Shopping
Community Features: Family Oriented
Current Use: Mixed use
Features: Level lot
Irregular: Yes
Landscape Features:
Lot Size: 0.41 Acres
Utility Type: Natural Gas - Available, Hydro - Available, Water - Available, Telephone - Available, Sewer - Available, Cable - Available
Sewer: Municipal sewage system
No. of Parking Spaces: 10

Courtesy of: Coldwell Banker Executives Realty

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Market Price Trends

Single family detached

22.67%

Price change (1 year)

51.18%

Price change (5 years)

All Properties

22.67%

Price change (1 year)

51.18%

Price change (5 years)

Location of 2611 Lakeshore Road, Vernon, British Columbia, V1H 1N1

Lifestyle
Neighbourhood

Demographic Information of 2611 Lakeshore Road, Vernon, British Columbia, V1H 1N1

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$105,215.00

Average Number of Children

1.51

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.06 %

High school certificate or equivalent

37.55 %

Apprenticeship trade certificate/diploma

11.28 %

College/non-university certificate

21.48 %

University certificate (below bachelor)

1.84 %

University Degree

12.78 %

Commuter

Travel To Work

By Car

99.93 %

By Public Transit

0.02 %

By Walking

0.01 %

By Bicycle

0.0 %

By Other Methods

0.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.2 %

Houses

97.8 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Single family detached

All Properties

Location of 2611 Lakeshore Road, Vernon, British Columbia, V1H 1N1

Demographic Information of 2611 Lakeshore Road, Vernon, British Columbia, V1H 1N1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

2611 Lakeshore Road, Vernon, British Columbia, V1H 1N1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing