


1/47000 Apollo Road, Vernon, BC V1H1J2
$5.3M total
—
Asset Class
Land
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
85%
Lot Size
2.27 ac
Exceptional 2.27-acre residential development opportunity in Okanagan Landing, Vernon. The property features a proposed 40-dwelling residential development designed as a modern, master-planned community offering a diversified mix of duplex, walk-out duplex, and stacked triplex-style buildings. The proposed development is designed as a building-strata project, creating the potential for individual residential units to be separately titled and sold upon completion, subject to final municipal approvals, subdivision/strata registration, and all applicable requirements. A significant amount of preliminary planning has already been completed. The current architectural and Development Permit package provides a valuable head start for a purchaser and includes site planning, architectural concepts, floor plans, elevations, building forms, exterior material concepts, landscaping concepts, and development rationale. The proposed housing mix is designed to appeal to a broad range of future purchasers, including families, downsizers, investors, and end users. A compelling opportunity for a builder or developer seeking a substantial residential project on 2.27 acres in Okanagan Landing, with much of the initial design and planning work already advanced. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$24K
Projected NOI
$228K
Annual cash flow
$-63K
Cash-on-cash
-4.00%
DSCR
0.78
Going-in cap
4.34%
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
55,987
Households
19,348
Median income
$125,500
Median age
37.4
Daytime population
55,037
5-yr growth
6.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 7000 Apollo 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.