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5480 Anderson Way
City of Vernon Vernon V1T 9V2

$4,999,000
Vacant Land

Main Photo: 5480 Anderson Way in Vernon: Vacant Land for sale : MLS®# 10373658
Photo 1: 5480 Anderson Way in Vernon: Vacant Land for sale : MLS®# 10373658
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Status:
Active
Prop. Type:
Vacant Land
MLS® Num:
10373658
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:2493)
Property Type:
Vacant Land
Common Interest:
Freehold
Taxes:
$28,089.8 / -
Community:
City of Vernon
Structure Type:
Other
Utilities:
Natural Gas, Electricity, Telephone
Fireplace:
No
Water:
Municipal water
Sewer:
Municipal sewage system
Current Use:
Development commercial
Lot Size:
1.96 acre(s)
Lot Details:
1.96
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Listed by Oakwyn Realty Okanagan-Letnick Estates
Data was last updated February 1, 2026 at 11:15 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$317,450
Min list price:
$260,000
Max list price:
$4,999,000
Avg days on market:
122
Min days on market:
10
Max days on market:
453
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. This data is not produced by the MLS® system.
TAMMY STEIN
Cliff Wenger

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