5480 Anderson Way

Description

Rare opportunity to acquire a close to 2-acre, flat and fully usable Commercial Mixed Use (CMUB) development site in Vernon’s highly sought-after North Anderson commercial corridor. CMUB zoning supports a wide range of mixed-use, residential, retail, office, hotel and institutional uses with building heights up to 6 storeys (buyer to verify). The level topography minimizes development complexity and construction costs, making this an ideal site for efficient high-density development. Excellent accessibility and exposure with close proximity to national retailers, restaurants, hotels, recreation facilities and growing residential neighbourhoods, driving strong long-term demand. Large parcels of this size and zoning are increasingly scarce in this district. This area is seeing active redevelopment interest, including a recently submitted 176-unit mixed-use residential project nearby. This confirms municipal support for density and long-term growth in the Anderson Way corridor. Outstanding opportunity for developers, investors or land banking in one of Vernon’s strongest growth nodes. (id:63159)

Property Details

Annual property tax

$28,089.8

Brokerage

Oakwyn Realty Okanagan-Letnick Estates

Location Insights

Population

44,519

(2021 Census)

+11% since 2016

Density

461.7/km²

Dwellings

21,287

Median household income

$73,500

After-tax

$66,500

Immigrant population

12.4%

Top countries of origin

• United Kingdom2.3% · 1,030
• Germany1.2% · 550
• United States of America1% · 450
• India0.8% · 355
• Philippines0.7% · 315
• Netherlands0.6% · 270
• Poland0.3% · 150
• South Africa, Republic of0.3% · 125

Source: Statistics Canada, 2021 Census of Population.

Weather

25°C

—

Humidity 30%

Wind W 5 km/h

Today

26°

Tonight

14°

Thursday

22°

Thursday night

7°

Friday

21°

Friday night

9°

Source: Environment and Climate Change Canada.