5480 Anderson Way

5480 Anderson Way · Vernon · Other · $4,190,000 · MLS 10373658

Vernon, British Columbia
C$4,190,000
For sale
5480 Anderson Way

5480 Anderson Way is located in Vernon. Property snapshot: Other, listed at $4,190,000, MLS 10373658. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 112. Latest recorded list price 4190000.00; 2 price change(s) on file.

List Price: $4,190,000
MLS: 10373658
Days on Site: 112
Price History: Latest recorded list price 4190000.00; 2 price change(s) on file

Local Decision Guide

How should buyers evaluate 5480 Anderson Way?

Start by reading this listing in its Vernon context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5480 Anderson Way?

This page shows a list price of $4,190,000 with MLS 10373658.

What type of home is this Vernon listing?

The page shows Other at 5480 Anderson Way. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 112 days on market/site. Latest recorded list price 4190000.00; 2 price change(s) on file.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

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:56153)

Property Details

Other
Building Type
-
Bedrooms
-
Bathrooms
85,378 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29281555 (10373658)

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Site Context

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Property Summary

Price: C$4,190,000

Lot Area: 85,378 sf

PID: 031-448-232

Days on Site: 112 days

Added to BurnabyHouse: 2026-03-28

Updated on: 2026-07-10 03:01 PM PDT

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Lot info

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Schools

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Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Fri, 10 Jul 2026 02:00:18 PM PDT

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Listing Office: Oakwyn Realty Okanagan-Letnick Estates

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