Vernon · V1T2B7
$14,654/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Premier Landmark commercial property, the Towne Theatre building, on 30th Avenue, Vernons main retail downtown street. Strong diversified tenant mix with excellent income. 95% leased with med to long term leases, many recently renewed, current gross income $285,900. Increasing to $299,000 in 2027. Also rezoned for high density mixed use commercial/ residential development up, to 16 floors. The building sits on .50 acre site large enough for a future high density project without the need for a land assembly. The site has frontage on 2 streets, 30th and 29th avenue, and has 2 side lanes for amazing access for future re-development. Major updates incl New HVAC heaters 2013,Roof 2017, new hi-eff Boilers with electronic controls for theater space 2021. Current tenants include Towne Theatre Society, Castanet Media, Ustaad G76 restaurant, Metis Cultural Society, Centre for Positive Living, Vibe Art Gallery, Dan Poulin Law, and various small businesses in the 2nd floor offices.
28,107 ft²
Floor area
Other
Type
City of Vernon
Area
Listed
January 16, 2026
$2,950,000 is 186.0% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
8 min
walk to Canadian Wholesale Club
3h 28m
bike to Orchard Park Exchange
11h 32m
walk to Orchard Park Exchange
11h 53m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 33%
| Detached | 103 | 33.3% |
| Townhouse | 73 | 23.6% |
| Condo / Apartment | 44 | 14.2% |
| Land | 34 | 11.0% |
| Other | 24 | 7.8% |
| Other | 31 | 10.0% |
| $10,000 to $14,999 | 5 | 3.1% |
| $15,000 to $19,999 | 20 | 12.5% |
| $20,000 to $24,999 | 25 | 15.6% |
| $25,000 to $29,999 | 10 | 6.3% |
| $30,000 to $34,999 | 5 | 3.1% |
| $35,000 to $39,999 | 25 | 15.6% |
| $40,000 to $44,999 | 10 | 6.3% |
| $45,000 to $49,999 | 5 | 3.1% |
| $50,000 to $59,999 | 10 | 6.3% |
| $60,000 to $69,999 | 5 | 3.1% |
| $70,000 to $79,999 | 10 | 6.3% |
| $80,000 to $89,999 | 10 | 6.3% |
| $100,000 to $124,999 | 5 | 3.1% |
| $125,000 to $149,999 | 5 | 3.1% |
| $150,000 to $199,999 | 5 | 3.1% |
| $200,000 and over | 5 | 3.1% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$14,654
Principal and interest
Calculated estimate
$13,645
Property tax
Calculated estimate
$858/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$2,950,000
Down payment
Calculated estimate
$590,000 (20%)
Estimated mortgage
Calculated estimate
$2,360,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$14,654
/mo
Rate
%
Amortization
Principal and interest
$13,645
Property tax (est.)
$858
P&I
Tax
Down payment
$590,000 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $590,000 down (20%) on $2,950,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
At 5.5698 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Daily mean across the year.
On the drier side for BC.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
