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5480 Anderson Way
Vernon British Columbia V1T9V2 Canada

$4,999,000

Active Listing ID 10373658
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Vacant Land

$4,999,000

Active Listing ID 10373658
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5480 Anderson Way 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:203)

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Property Features

  • Facts
  • Property Sub-type: Vacant Land
  • Additional Features
  • Basement
Listing Changed: 1/26/2026 11:10:21 PM GMT
Source Updated Date: 2/5/2026 6:12:04 PM GMT

Courtesy of: Zona Chang, Personal Real Estate Corp, Oakwyn Realty Okanagan-Letnick Estates