5973 Pleasant Valley Road, Vernon
DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicable authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today. (id:1945)
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Property details for 5973 Pleasant Valley Road, Vernon
- Type
- Commercial
- Lot Size
- 2.49
Nearby Listings Stat
Estimated price and comparable properties near 5973 Pleasant Valley Road
Active Listings
132
Min Price
$35,000
Max Price
$4,750,000
Avg Price
$940,177
Days on Market
90
days
Sold Listings
38
Min Sold Price
$279,000
Max Sold Price
$2,671,000
Avg Sold Price
$836,163
Days until Sold
86
days
Neighbourhood Census Data
North Okanagan B, British Columbia / Colombie-Britannique
Population
441
Median Age
37.9
Median Income
$26,816
Dwelling Value
$174,118
Housing Tenure
Owners 54%
Renters 46%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 1,277.5/km²
Avg Shelter Cost: $910/mo
Owners with Mortgage: 68.2%
Owners Spending 30%+: 22.7%
Tenants Spending 30%+: 26.3%
French only: 76.1%
English and French: 22.7%
Median Household Income: $46,720
Median Employment Income: $26,048
Price History
Listed
August 25, 2026
by Oakwyn Realty Okanagan-Letnick Estates
Current Price
$2,395,000
Type
Commercial
For Sale
