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$949,000

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0.32 Acres Lot

Price Dropped by $50K

6699 Scott Road Vernon, BC V1H1N4

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Andrew Loewen

andrew.loewen@exprealty.com +1(250) 801-6713

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Key Details

Property Type Vacant Land

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Bella Vista

MLS® Listing ID 10383417

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Freehold

Property Description

INCOME TODAY. DEVELOPMENT POTENTIAL TOMORROW. 6699 Scott Road offers a combination of strong rental income and future redevelopment potential in one of Vernon's growing neighbourhoods. Currently generating approximately $75,338 per year in gross rental income, the property is fully tenanted and configured with multiple self-contained living areas, providing immediate cash flow while future plans are explored. Tenants contribute toward utilities. Buyers should verify all income, expenses, and tenancy arrangements. Situated on a 0.32-acre (1,295 m²) lot and zoned MUS (Multi-Unit Small Scale), the property offers long-term upside beyond its current income stream. Based on current density allowances, preliminary analysis suggests potential for approximately 6–7 units, subject to City of Vernon approvals. Buyers should complete their own due diligence regarding servicing, development requirements, and approvals. Located less than 1 km from Kin Beach and close to Okanagan Landing amenities, schools, parks, and transit, the property benefits from a location attractive to both tenants and future residents. Whether you are looking for a cash-flowing investment, a holding property with future upside, or a redevelopment opportunity, 6699 Scott Road offers income today with potential for tomorrow. Investor package including rent roll, pro forma, zoning summary, and servicing information available upon request. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

Virtual Tour https://my.matterport.com/show/?m=mATgDZoyRQs

Listed by Oakwyn Realty Okanagan

NEARBY SCHOOL & BUSINESS

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Andrew Loewen

Agent | License ID: 181959

+1(250) 801-6713

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6699 Scott Road Vernon, BC V1H1N4

Andrew Loewen

Key Details

Location

Rooms

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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6699 Scott Road