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5480 Anderson Way, Vernon

Property 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:47466)

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Full Address:
5480 Anderson Way, Vernon, British Columbia
Price:
$ 4,899,000
MLS Number:
10373658
List Date:
January 22nd, 2026
Neighbourhood:
City of Vernon
Lot Size:
1.96 ac
Taxes:
$ 28,090

Property Details

Interior Features

Sewer:
Municipal sewage system
Water:
Municipal water
Ownership Type:
Freehold
Taxes:
$ 28,090

Building Features

Floors

Lot Size:
1.96 ac
Current Use:
Development commercial

Land

Neighbourhood Features

Ratings

Commercial Info

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Steve Thompson
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Agent: Zona ChangOffice: Oakwyn Realty Okanagan-Letnick Estates

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