Located across the road from the Vernon Yacht Club and Paddle Wheel Park beach, this older bungalow offers more than meets the eye. Beyond its quaint charm and stunning lake views lies a wealth of potential, both as a comfortable residence and as an astute investment. With two bedrooms on the main level, a two-bedroom suite below, and the promise of future commercial redevelopment, this property embodies the epitome of versatility and opportunity in this Okanagan Lakeside community. The property's designation in the Official Community Plan for potential commercial redevelopment adds a layer of value and versatility. With a separate suite, this property provides an opportunity for rental income, making it an attractive option for investors waiting to redevelop or homeowners looking to offset mortgage costs. Some work is required here but with little effort it could be a good revenue producer and with a bit more, could be a great starter home.