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$ 999,000
Est. payment /mo
Active
6699 Scott Road Vernon, BC V1H1N4
2,590 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2590
Square Footage 2,590 sqft
Price per Sqft $385
Subdivision Bella Vista
MLS® Listing ID 10386479
Year Built 1975
Lot Size 0.320 Acres
Acres 0.32
Property Description
RARE HIGH-CASH-FLOW OPPORTUNITY WITH DEVELOPMENT UPSIDE (<1km to Kin Beach) 6699 Scott Road presents a compelling ""coveredland play"" offering strong in-place income with future redevelopment potential. This 0.32-acre (1,295 m²) property is currently configuredwith multiple self-contained living areas and generates approximately $75,338/year in gross income. Property is fully tenanted with tenantscontributing to utilities. Buyer to verify all financials and tenancy arrangements. Zoned MUS (Multi-Unit Small Scale), the property supports arange of small-scale multi-unit housing forms. Based on current density allowances (up to 60 units per hectare), preliminary analysis suggestspotential for approximately 6–7 units, subject to City approvals. City-based documentation indicates sanitary sewer capacity for a potential 7-unit development based on current modeling. Buyers to verify servicing requirements, elevations, and development feasibility with the City.Ideally located in Vernon, within close proximity to Okanagan Landing and less than 1km to Kin Beach, offering strong appeal for both investorsand future residents. Investor package including rent roll, pro forma, zoning summary, and servicing information available upon request. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air, See remarks
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
View Y/N No
Roof Type Unknown
Attached Garage Yes
Total Parking Spaces 1
Garage Yes
Private Pool No
Building
Sewer Municipal sewage system
Others
Virtual Tour https://my.matterport.com/show/?m=mATgDZoyRQs
Listed by Oakwyn Realty Okanagan
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