$949,000

About this property

INCOME TODAY. DEVELOPMENT POTENTIAL TOMORROW. 6699 Scott Road offers a unique opportunity to secure a cash-flowing property with future upside in one of Vernon's growing neighbourhoods. Situated on a 0.32-acre (1,295 m²) lot and currently generating approximately $75,338 per year in gross rental income, the property provides immediate income while future plans are explored. Zoned MUS (Multi-Unit Small Scale), the property supports a range of housing options and may offer redevelopment potential, subject to City of Vernon approvals. Preliminary analysis suggests the possibility of approximately 6–7 units based on current density allowances, with buyers encouraged to complete their own due diligence regarding zoning, servicing, and development feasibility. Located less than 1 km from Kin Beach and close to Okanagan Landing amenities, schools, parks, and transit, the property benefits from a desirable location for both current tenants and future residents. Investor package including rent roll, pro forma, zoning summary, and available servicing information available upon request. (id:66946)

Features