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Home BC Greater Vernon North Okanagan Vernon
5480 Anderson Way
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5480 Anderson Way $4,999,000
$4,999,000
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5480 Anderson Way
Vernon, British Columbia V1T9V2

MLS® Number: 10373658

Listing Description

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. (39655213)

Property Summary

Property Type
Vacant Land
Building Type
Other
Neighbourhood Name
City of Vernon
Title
Freehold
Land Size
1.96 ac|1 - 5 acres
Annual Property Taxes
$28,089.80
Time on REALTOR.ca
12 days

Building

Utilities
Utility Type
Electricity (At Lot Line), Natural Gas (At Lot Line), Telephone (At Lot Line)
Utility Sewer
Municipal sewage system
Water
Municipal water

Land

Lot Features
Present Use
Development commercial
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