$ 399,000 – 2705 37 Avenue

0 BR / 0 BA Other – Vernon

Development lot (50x100 or 0.13 acres) surrounded by other great businesses. Located in one of the recently rezoned commercial areas of Vernon, this home presents an opportunity to build Medium Scale Multi-Use Housing currently with a requirement for 5 dwelling units or more, plus a commercial component. This zone can accommodate projects up to 8 storeys in height (aka apartment buildings with commercial at the ground floor). There are discussions at the City to increase flexibility for property owners and make it easier to redevelop properties. They are proposing to remove the requirement for a commercial component and lowering the minimum density to allow a 4 plex in this location. Home needs to be removed. (id:6769)