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$4.0M total
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Asset Class
Specialty
Size
—
Building class
A
Zoning
US — Urban Services
$ / SF
—
Occupancy
99%
Lot Size
11.54 ac
Fantastic 11.54-acres of Okanagan investment and development opportunity! Two adjoining properties at the eastern boundary of Vernon along Silver Star Road, en route to Silver Star Mountain Resort. The 6.58-acre parcel is within City limits and zoned MUA (Multi-Unit Acreage), allowing a range of residential development including. City services at the property line. Preliminary concepts range from six 1-acre bare land strata lots to as many as 48 townhomes, subject to approvals. Varied topography, potential lakeviews and scenic BX Creek frontage. The adjoining 4.96-acre property is zoned CR (Country Residential) and within the ALR, featuring a stately 1910 Craftsman estate with over 5,000 sq. ft of possibilities, 4 bedrooms and 2.5 bathrooms. Additional improvements include a private courtyard with pond and waterscape, 26' x 36' detached garage with 660 sq. ft. studio suite above, heritage barn with separate hydro meter and additional outbuildings. A unique combination of development potential, established improvements, privacy and natural beauty. Additional information in supplements. Contact Don or Jacob for details. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$18K
Projected NOI
$319K
Annual cash flow
$99K
Cash-on-cash
8.34%
DSCR
1.45
Going-in cap
8.04%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
102,122
Households
35,975
Median income
$93,500
Median age
45.8
Daytime population
114,724
5-yr growth
7.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 5440-5482 Silver Star Road, Vernon.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.