5480 Anderson Way, Vernon
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:1945)
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Property details for 5480 Anderson Way, Vernon
- Type
- Lots and Land
- Lot Size
- 1.96
- Ownership
- Freehold
- Annual Taxes
- $28,090
Nearby Listings Stat
Estimated price and comparable properties near 5480 Anderson Way
Active Listings
189
Min Price
$1,000
Max Price
$8,228,000
Avg Price
$907,307
Days on Market
146
days
Sold Listings
41
Min Sold Price
$250,000
Max Sold Price
$2,699,000
Avg Sold Price
$658,395
Days until Sold
108
days
Price History
Listed
January 22, 2026
by Oakwyn Realty Okanagan-Letnick Estates
Current Price
$4,190,000
-6.7% from last change
Type
Lots and Land
For Sale
Price Changes
3
| Date | Price | Change |
|---|---|---|
| Current | $4,190,000 | $300,000 (-6.7%) |
| Jul 10, 2026 | $4,490,000 | $409,000 (-8.3%) |
| May 11, 2026 | $4,899,000 | $100,000 (-2%) |
| Mar 13, 2026 | $4,999,000 | Listed |
