Rare opportunity to acquire a close to 2-acre, flat and fully usable Commercial Mixed Use (CMUB) development site in Vernon’s highly sought-after North Anderson commercial corridor. CMUB zoning supports a wide range of mixed-use, residential, retail, office, hotel and institutional uses with building heights up to 6 storeys (buyer to verify). The level topography minimizes development complexity and construction costs, making this an ideal site for efficient high-density development. Excellent accessibility and exposure with close proximity to national retailers, restaurants, hotels, recreation facilities and growing residential neighbourhoods, driving strong long-term demand. Large parcels of this size and zoning are increasingly scarce in this district. This area is seeing active redevelopment interest, including a recently submitted 176-unit mixed-use residential project nearby. This confirms municipal support for density and long-term growth in the Anderson Way corridor. Outstanding opportunity for developers, investors or land banking in one of Vernon’s strongest growth nodes. (id:44056)

Property Details

Full Address:
5480 Anderson Way, Vernon, British Columbia
Price:
$ 4,190,000
MLS Number:
10373658
List Date:
January 22nd, 2026
Lot Size:
1.96 ac
Taxes:
$ 28,090

Interior Features

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Utilities:
Natural Gas, Electricity, Telephone
Ownership Type:
Freehold
Taxes:
$ 28,090

Floors

Land

Lot Size:
1.96 ac
Current Use:
Development commercial

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Zona Chang Personal Real Estate Corporation Oakwyn Realty Okanagan-Letnick Estates
250-306-7184
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Listing Agent(s)

Lead Agent: Zona Chang
Office: Oakwyn Realty Okanagan-Letnick Estates
Originating Board: Association of Interior REALTORS®
Co-Listing: Bip Thind
Oakwyn Realty Okanagan-Letnick Estates

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