Area: British Columbia
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Prime Redevelopment & Investment Opportunity! Discover the exceptional potential of this expansive 0.83-acre property located in one of the area’s most sought-after, high-growth neighborhoods. Zoned MSH (Medium Scale Housing), this property is perfectly positioned for multi-family development, townhomes, row housing, fourplex or sixplex builds (buyer to verify), making it an ideal investment for builders, developers, and long-term strategic investors. The property currently features a well-maintained 6-bedroom, 3-bathroom home with numerous updates, move-in ready, and generating immediate rental income. Five rooms are presently rented month-to-month, providing a steady cash flow while you navigate planning, design, zoning, and development approvals. An accessory outbuilding offers storage and functionality for contractors, hobbyists, or equipment, and there is ample parking for RVs, boats, and recreational vehicles. This generational investment is set in a walkable, family-friendly area, just minutes to shopping centers, schools, transit routes, parks, and recreation. This redevelopment parcel availability is a rare opportunity to secure a high-value land holding with future appreciation upside. Whether you choose to redevelop now, phase construction, or hold for long-term capital growth, this property delivers extraordinary versatility and lasting value. (id:44056)

Property Details

Full Address:
4702 20 Street, Vernon, British Columbia
Price:
$ 1,695,000
MLS Number:
10367263
List Date:
November 6th, 2025
Lot Size:
0.83 ac
Year Built:
1944
Taxes:
$ 5,021

Interior Features

Bedrooms:
6
Bathrooms:
3
Appliances:
Washer, Refrigerator, Range - Gas, Range - Electric, Dishwasher, Dryer, Microwave
Flooring:
Carpeted, Vinyl
Air Conditioning:
Central air conditioning
Heating:
Forced air, See remarks
Fireplaces:
1
Fireplace Type:
Gas, Unknown
Basement:
Partial

Building Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Stucco
Garage:
Detached Garage, Oversize, Additional Parking
Garage Spaces:
6
Ownership Type:
Freehold
Taxes:
$ 5,021

Floors

Finished Area:
2746 sq.ft.

Land

Lot Size:
0.83 ac

Neighbourhood Features

Amenities Nearby:
Family Oriented

Ratings

Commercial Info

Neighbourhood Details

Location

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Edmer Gatchalian eXp Realty (Kelowna)
 236-777-6345
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Listing Agent(s)

Listing: Edmer Gatchalian
eXp Realty (Kelowna)

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