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$1.2M total
—
Asset Class
Hospitality
Size
—
Building class
B
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
97%
Lot Size
0.3 ac
Rare Okanagan Lakefront Building Opportunity! Discover the possibilities at 7501 Kennedy Lane, a beautifully positioned, approximately 0.30-acre waterfront property in Vernon's desirable Bella Vista neighbourhood. Tucked away at the end of a private lane, this relatively level, surveyed lot offers approximately 60 feet of lake frontage, breathtaking lake views and sought-after southern exposure. Imagine designing your dream lakeside retreat, with a rancher-style home and daylight basement perfectly suited to the setting. For those looking beyond a single residence, the property's MUS zoning offers exciting possibilities for multi-unit housing, including the potential for a family-owned triplex or multi-generational living. Short-term rental accommodation may also be possible, subject to applicable regulations and approvals. With City services available at the lot line, this property provides an exceptional opportunity to create something truly special on the shores of Okanagan Lake. Whether you're envisioning a private waterfront home or exploring a multi-unit development, 7501 Kennedy Lane offers the location, exposure and flexibility to bring your vision to life. Buyers to verify development possibilities with the City of Vernon. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$91K
Annual cash flow
$22K
Cash-on-cash
5.90%
DSCR
1.32
Going-in cap
7.31%
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
84,462
Households
39,122
Median income
$134,500
Median age
36.7
Daytime population
101,174
5-yr growth
1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 7501 Kennedy Lane, 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.