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$618,000

2 Beds

1 Bath

854 FEETSQ

QuickQuoteTM: $542K - $647K

Vernon BC, V1T 5G9

MLS® # 10355253

Property Information:

Cute Bungalow with Big Potential Near Vernon Jubilee Hospital – Zoned MSH (Up to 8 Stories) This charming 2-bedroom, 1-bathroom bungalow is as cute as a button and loaded with potential. Situated on a flat, sunny corner lot with frontage on 31 Street and convenient lane access on the side, this well-kept home is located in the heart of Vernon’s growing medical district—just steps from Vernon Jubilee Hospital, transit routes, and essential amenities. The home features a bright and cheerful kitchen, cozy living spaces, all appliances and a relaxing 14' x 11' covered deck overlooking the fully fenced backyard. Perfect for a first-time buyer, single professional, couple, or small family, it also offers ample off-street parking on both the property and the adjacent side street. Downstairs, the basement offers additional storage or development potential. Zoned MSH (Medium Sized Housing), this property allows for future development up to 8 storeys, making it a strategic investment for builders, developers, or investors. Consider holding as a rental property for hospital staff or explore options to build a low-rise apartment or multi-unit development. With the ongoing demand for housing near the hospital, this large corner lot with multiple access points is a smart play with long-term upside. Explore the possibilities—develop now or hold for the future. And if you're thinking big, consider assembling with neighbouring properties for even more opportunity.

Inclusions: Refrigerator, Dishwasher, Dryer, Range, Microwave, Hood Fan, Washer, Water softener

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1
  • Annual Tax Amount: $2,071
  • Architectural Style: Bungalow
  • Built in: 1950
  • Cooling: Window Unit(s)
  • Floor Space (approx): 854 Square Feet
  • Heating: Forced Air
  • Lot Size: 5750.00 Square Feet
  • Parking Features: Open, On Street
  • Water Source: Public
  • Sewer: Public Sewer

Rooms:

  • Other 2nd Level 2.74 m x 2.57 m Note: Bonus Room
  • Laundry 2nd Level 3.07 m x 2.74 m
  • Bathroom Main Level 1.83 m x 1.47 m
  • Bedroom Main Level 2.39 m x 2.59 m
  • Primary Bedroom Main Level 2.90 m x 2.62 m
  • Kitchen Main Level 2.87 m x 3.68 m
  • Living Main Level 2.97 m x 4.50 m

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Location of 1802 31 Street, Vernon, BC, V1T 5G9

Demographic Information of 1802 31 Street, Vernon, BC, V1T 5G9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,477.25

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.56 %

High school certificate or equivalent

31.29 %

Apprenticeship trade certificate/diploma

15.88 %

College/non-university certificate

17.38 %

University certificate (below bachelor)

1.26 %

University Degree

13.64 %

Commuter

Travel To Work

By Car

81.35 %

By Public Transit

0.0 %

By Walking

11.72 %

By Bicycle

0.0 %

By Other Methods

6.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

50.01 %

Houses

49.99 %

Own Vs. Rent