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6699 Scott Road Vernon, British Columbia V1H 1N4

2,590 sqft
Forced Air, See Remarks

$999,000

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:65196)

Property Details

MLS® Number 10386479
Property Type Other
Neigbourhood Bella Vista
Parking Space Total 1

Building

Constructed Date 1975
Exterior Finish Aluminum
Heating Type Forced Air, See Remarks
Roof Material Asphalt Shingle
Roof Style Unknown
Size Interior 2,590 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Parking

Attached Garage 1
Oversize

Land

Acreage No
Current Use Mixed Use
Sewer Municipal Sewage System
Size Irregular 0.32
Size Total 0.32 Ac|under 1 Acre
Size Total Text 0.32 Ac|under 1 Acre

https://www.realtor.ca/real-estate/29780794/6699-scott-road-vernon-bella-vista

Contact Us

Contact us for more information

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Rick Latta

(250) 540-8278
www.ricklatta.ca/

Oakwyn Realty Okanagan
3308 30 Avenue
Vernon, British Columbia V1T 2C8

(250) 861-5122
(604) 620-7970

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