Attention: Developers, Builders & Investors! Outstanding opportunity at 6999 Cummins Street in Vernon. This substantial site is zoned MUA – Multi-Unit Acreage: Small Scale, allowing detached, attached and multi-unit residential development up to 3 storeys. Under qualifying Class 4 servicing and Urban Containment Boundary conditions, density may reach 60 units/ha (24 units/acre). Preliminary planning has explored multiple development paths including a 2-parcel subdivision, ground-oriented townhomes and further subdivision concepts for the “handle” portion. Develop now, phase over time, subdivide or hold for future growth. A rare opportunity to secure a sizeable Vernon development property with multiple potential exit strategies. Development concepts are preliminary and subject to City approvals, servicing and buyer due diligence. (id:4069)
Address
6999 Cummins Road
List Price
$2,480,000
Property Type
Vacant Land
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Vernon
Lot Size
3.1 Sq. Ft.
MLS® Number
10400823
Listing Brokerage
Oakwyn Realty Okanagan-Letnick Estates
| Sutton Group-West Coast Realty
Postal Code
V1H1M9
Ownership
Freehold
Site Influences
Golf Nearby, Airport, Recreation, Schools
Features
Level lot, Irregular lot size
Water Source
Municipal water
Sewer
Municipal sewage system
