For sale

$4,190,000

Est. $19,871/mo

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1.96

acres (lot)

5480 Anderson Way, Vernon, BC V1T 9V2

About this home

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:51075)

Vacant landProperty Type

1.96 acresLot Size

$2,137,755Price/Acres

Listed by Zona Chang • Oakwyn Realty Okanagan-Letnick Estates

Listed by Bip Thind • Oakwyn Realty Okanagan-Letnick Estates

Listing updated: Jul 10, 2026 at 02:00pm

Redfin checked: 9 minutes ago

•Source:CREA #10373658

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Around this home

Schools

Choice and nearby schools may not serve this home. Please check the school district website to see all schools serving this home.

1.3km

Harwood Elementary School

Public, K-7 • Nearby

1.6km

W L Seaton Secondary School

Public, 8-12 • Nearby

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Utilities

Utility Information
Sewer: Municipal sewage system

Electricity and solar

View estimated energy costs and solar savings for this home

Public facts

Beds: —
Baths: —
Finished Sq. Ft.: —
Unfinished Sq. Ft.: —
Total Sq. Ft.: —
Stories: —
Lot Size: —
Style: Vacant Land
Year Built: —
Year Renovated: —
Region: North Okanagan Regional District

Home facts updated by public records on Apr 27, 2023

Other

Listing Information
MoreInformationLink: https://www.realtor.ca/real-estate/29281555/5480-anderson-way-vernon-city-of-vernon

Sale and tax history for 5480 Anderson Way

Sale History
Tax History

This is a new listing, so no sales records exist yet. As the MLS and public records start to fill up, we'll list the details here.

Public record

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Vacant Land

Region

North Okanagan Regional District

Parking Spaces

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Basement

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Accessible

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Maintenance Fees

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Garage

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Features

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Last updated by owner on Apr 27, 2023.

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