DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicable authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today. (id:44056)

Property Details

Full Address:
5973 Pleasant Valley Road, Vernon, British Columbia
Price:
$ 2,395,000
MLS Number:
10398705
List Date:
August 25th, 2026
Lot Size:
2.49 ac

Interior Features

Building Features

Sewer:
See remarks
Water:
Municipal water
Utilities:
Natural Gas, Electricity, Telephone

Floors

Land

Lot Size:
2.49 ac
Current Use:
Mixed use

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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JP Letnick Personal Real Estate Corporation Oakwyn Realty Okanagan-Letnick Estates
778-363-1314
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Listing Agent(s)

Lead Agent: JP Letnick
Office: Oakwyn Realty Okanagan-Letnick Estates
Originating Board: Association of Interior REALTORS®
Co-Listing: Joanna Wang
Oakwyn Realty Okanagan-Letnick Estates

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