Great retirement home or investment property. This is a very unique, centrally located, 2-acre, flat land, development parcel, backing onto Vernon Creek. Has a surface water licence (on Vernon Creek) for 5,859 m3 of water /yr. With re-zoning, this would make a great site for apartment buildings or townhouses. The Municipal sewer is at the lot line. All services are available, bus stop on Ok Landing Rd ., right next door to a huge city park (Marshall Fields) & minute's walk to the development happening at the head of Okanagan Lake. A property with this much potential, not in the ALR, does not come along very often. There is also a very nice existing house which can be lived in, or rented during the development process. The basement is unfinished and has a separate entrance, basement windows have been updated but are covered with insulation (and marked) this can be easily removed for suite development. This property is private and has fruit trees and an idyllic setting backing onto Vernon Creek. Please check with the City for re-zoning inquiries. The listing agent makes no representations regarding potential re-zoning success or development potential, the process is entirely in the hands of the local government. The current zoning is RR, but the property 3 lots east (along Okanagan Landing Rd.)has been successfully re-zoned to R4. This area is low and may need fill to build it up to a higher elevation, and it is part of the area that may need a floodplain DP.