Area: British Columbia
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An exceptional opportunity for developers, builders, and forward-thinking investors. A strategically located property in the heart of Vernon, 3802 32nd Avenue is zoned MUS (Multi-Unit Small Scale), with recently updated roads, sidewalks, alley way & services at lot line it offers tremendous redevelopment potential in one of the City's evolving growth corridors. Whether you're ready to build immediately or looking to secure a high-upside land holding, this property provides flexibility and future value. The existing home can generate rental income while completing development planning. The zoning & development potential make it the perfect candidate for higher-density housing. Buyers are encouraged to explore opportunities under the CMHC MLI Select financing program, which may offer attractive financing options for qualifying purpose-built rental developments. The property offers the potential for a Floor Area Ratio (FAR) of up to 3.0, allowing for approximately 28,000 sq. ft. of buildable floor area. Located just minutes from downtown Vernon, shopping, schools, transit, parks, and everyday amenities, this is a rare opportunity to acquire a redevelopment site in a community experiencing significant residential growth & increasing demand for new housing. Whether your vision is a purpose-built rental project, multi-family development, or a strategic land investment, 3802 32nd Avenue offers the location, zoning, and long-term potential to make your next project a success. (id:44056)

Property Details

Full Address:
3802 32 Avenue, Vernon, British Columbia
Price:
$ 449,900
MLS Number:
10393527
List Date:
July 3rd, 2026
Neighbourhood:
City of Vernon
Lot Size:
0.22 ac
Year Built:
1908
Taxes:
$ 3,515

Interior Features

Bedrooms:
1
Bathrooms:
1
Appliances:
Washer, Refrigerator, Oven - Electric, Dryer
Flooring:
Tile, Linoleum, Wood
Heating:
Baseboard heaters
Fireplaces:
1
Fireplace Type:
Unknown, Decorative
Basement:
Full

Building Features

Architectural Style:
Ranch
Storeys:
1
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Wood
Garage:
Detached Garage, Additional Parking
Garage Spaces:
1
Ownership Type:
Freehold
Taxes:
$ 3,515

Floors

Finished Area:
696 sq.ft.

Land

Lot Size:
0.22 ac

Neighbourhood Features

Amenities Nearby:
Pets Allowed, Rentals Allowed

Ratings

Commercial Info

Neighbourhood Details

Location

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John Kristian RE/MAX Vernon
 250-549-4161
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Listing Agent(s)

Listing: John Kristian
RE/MAX Vernon

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