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2100 32nd Street, Vernon | $579,900

DEVELOPMENT OPPORTUNITY VERNON, 6-PLEX SUPPORTED BY CITY, POTENTIAL FOR 8 UNITS. Exceptional opportunity for developers and investors at 2100 32nd Street in Vernon. 3 lots with 3 separate titles zoned MUM (Multi-Unit Medium Scale). Ideally positioned in a convenient central location, this property offers a compelling opportunity to capitalize on Vernona??s growing demand for multi-family housing. The City has indicated support for a 6-unit development concept, creating a clear path to pursue a purpose-built multi-unit project. Even more compelling, there may be potential to increase the project to 8 units, subject to municipal review, approvals and final site planning. For developers looking to secure a property with meaningful redevelopment potential, this is an opportunity to acquire the land today & move forward with a multi-unit project designed to maximize the sitea??s potential while gaining income from the existing home and detached garage through the planning & approval stages. The location provides excellent access to downtown Vernon, shopping, schools, hospital minutes walk away, transportation & amenities. Whether you're looking for your next development project, a long-term investment or an opportunity to create new rental housing in Vernon, 2100 32nd Street deserves a serious look. 6 units supported by the City a?? Potential 8-unit upside a?? Central Vernon location a?? Strong multi-family development potential. Bring your development team and explore the possibilities.

Description

DEVELOPMENT OPPORTUNITY VERNON, 6-PLEX SUPPORTED BY CITY, POTENTIAL FOR 8 UNITS. Exceptional opportunity for developers and investors at 2100 32nd Street in Vernon. 3 lots with 3 separate titles zoned MUM (Multi-Unit Medium Scale). Ideally positioned in a convenient central location, this property offers a compelling opportunity to capitalize on Vernona??s growing demand for multi-family housing. The City has indicated support for a 6-unit development concept, creating a clear path to pursue a purpose-built multi-unit project. Even more compelling, there may be potential to increase the project to 8 units, subject to municipal review, approvals and final site planning. For developers looking to secure a property with meaningful redevelopment potential, this is an opportunity to acquire the land today & move forward with a multi-unit project designed to maximize the sitea??s potential while gaining income from the existing home and detached garage through the planning & approval stages. The location provides excellent access to downtown Vernon, shopping, schools, hospital minutes walk away, transportation & amenities. Whether you're looking for your next development project, a long-term investment or an opportunity to create new rental housing in Vernon, 2100 32nd Street deserves a serious look. 6 units supported by the City a?? Potential 8-unit upside a?? Central Vernon location a?? Strong multi-family development potential. Bring your development team and explore the possibilities.

General Info


MLS Listing ID: 10397715 Bedrooms: 2 Bathrooms: 1 Year Built: 1910
Parking: N/A Heating: Forced air, See remarks Lotsize: 0.17 ac|under 1 acre Air Conditioning : N/A
Home Style: N/A Finished Floor Area: Carpeted, Hardwood, Linoleum Fireplaces: N/A Basement: Crawl space

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .