24
$2,395,000 Sale
Listed 48 days ago
5973 Pleasant Valley Road
· 4
· 2.5
· 12
· 2700
Key Facts
Key facts for 5973 Pleasant Valley Road
Property Type
House, Ranch
Parking
Garage: Yes, 12 parking
MLS #
10398660
Size
2700 sqft
Basement
Full
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1976
Maintenance Fee
-
Description
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 applicabl...e 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:10452)
Room Types
2pc Bathroom
-
Measurements not available
0 sqft
Bedroom
-
Dimensions 12'0'' x 13'6''
162 sqft
Bedroom
-
Dimensions 9' x 11'0''
99 sqft
Similar Properties (No results)
Listing courtesy of: Oakwyn Realty Okanagan-Letnick Estates
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.