Price Reduced on 8251 Okanagan Landing Rd in Vernon, BC
Okanagan Landing, Vernon - Announcing a price reduction on 8251 Okanagan Landing Rd, a 2,410 sq. ft., 3 bath, 4 bdrm 2 1/2 story. Now 
MLS® $1,449,000 - Subdivision Potential.
This Okanagan Lakeshore property has a lot going for it - and is just waiting for you to seize the opportunity for future development and present revenue generation or lakeshore recreation!
The property is over 1 acre - intersected by Okanagan Landing Rd. Zoning of this parcel allows for 12 units per acre - and the back lot which is approved for subdivision would be suitable for 4 duplex/fourplex units with DRAMATIC waterfront views (supported by the current R6 zoning) The City has plans for the extension of Bench Road that will connect to the upper side of the property in the future. They have entered this road connection into the transportation plan for the next 1-5 years. Bench Road will eventually connect to Sunset or Eastside Rd. further down Okanagan Landing Rd. This will provide excellent access to the upper half of the property in the future.
The existing Lake House is and excellent income generating property. The current owners rented it through the summer on days when they were not using the house for personal use. They were extremely pleased with the process and the return generated by the property management company they used. They could have rented it full time - but chose to book it themselves for corporate retreats. The property rented for $4,200 per week from June to September making approximately $50,400 available in 12 weeks (Gross return)- and rents for $2400 per month in the off season,
Property information