Cute Bungalow with Big Potential Near Vernon Jubilee Hospital – Zoned MSH (Up to 8 Stories) This charming 2-bedroom, 1-bathroom bungalow is as cute as a button and loaded with potential. Situated on a flat, sunny corner lot with frontage on 31 Street and convenient lane access on the side, this well-kept home is located in the heart of Vernon’s growing medical district—just steps from Vernon Jubilee Hospital, transit routes, and essential amenities. The home features a bright and cheerful kitchen, cozy living spaces, and a relaxing 14' x 11' covered deck overlooking the fully fenced backyard. Perfect for a first-time buyer, single professional, couple, or small family, it also offers ample off-street parking on both the property and the adjacent side street. Downstairs, the basement offers additional storage or development potential. Zoned MSH (Medium Sized Housing), this property allows for future development up to 8 storeys, making it a strategic investment for builders, developers, or investors. Consider holding as a rental property for hospital staff or explore options to build a low-rise apartment or multi-unit development. With the ongoing demand for housing near the hospital, this large corner lot with multiple access points is a smart play with long-term upside. Explore the possibilities—develop now or hold for the future. And if you're thinking big, consider assembling with neighbouring properties for even more opportunity. (id:2493)
Data was last updated July 9, 2025 at 03:45 PM (UTC)
Area Statistics
Listings on market:
96
Avg list price:
$381,000
Min list price:
$149,000
Max list price:
$2,699,000
Avg days on market:
54
Min days on market:
1
Max days on market:
155
Avg price per sq.ft.:
$336.58
These statistics are generated based on the current listing's property type
and located in
City of Vernon. Average values are
derived using median calculations.
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