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September 17, 2018 North Okanagan Residential Real Estate Sales
Weekly Top Property - 7467 Brooks Lane, Vernon, V1H 1G6
This house comes with 4 bedrooms and 2 baths, and it’s built on a 0.46. It was listed on the market for $1,499,000. It sold in 118 days, for $1,345,000.
Marketed as:
Perfect .46 acre waterfront lot. Older home & guest cabin are free. This lot has it all; one of the most desirable location on Okanagan Lake, quiet street - lane access, near level lot and access with just enough slope for a level entry home with walk out basement, level lawn / grass area, nice beach and water and a gradually sloping foreshore with good conditions to build a dock. Guest cabin and double carport for extra parking and extra guests. The home is older and well kept and although it may be worthy of additions and renovations, it is best suited for a summer use and perhaps winter rental until you are ready to build your estate home or fully develop. The zoning on this property is single family residential but the Official Community Plan designation is C10A which allows a wide variety of residential and residential / commercial uses, or uses similar to what you already find in the neighbourhood. Perfect for a single estate style home, but perhaps better for a small to mid size residential development or even multiple homes for one family. Opportunities like this do not come often. Lot is approx 63.8' wide at the road, 320' deep on the east side, 305' deep on the south side, 64' wide at the front and 65.87 feet wide on the waterfront.
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (45) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $89,900 | $75,000 | 1 | 1 | 1 | ||
| Max | $1,499,000 | $1,345,000 | 272 | 6 | 4 | 4180 | |
| Avg | $481,996 | $458,797 | 76 | 3 | 2 | 1673 | |
| Sum | $21,689,800 | $20,645,875 | |||||
Criteria:
MLS is 'OMREB'
Major Area is 'North Okanagan'
Sold Date is 9/10/2018 to 9/16/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'
Compared to last week
| Status: Sold (37) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $99,900 | $92,022 | 3 | 1 | 1 | ||
| Max | $799,999 | $780,000 | 198 | 6 | 4 | 3795 | |
| Avg | $378,019 | $366,655 | 64 | 3 | 2 | 1492 | |
| Sum | $13,986,698 | $13,566,222 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 5 |
| Manufactured Homes | 2 |
| Recreational | 0 |
| Single Family Residential | 26 |
| Strata - Apartments | 2 |
| - Townhouses | 10 |