Vernon · V1T6G5
$3,472/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Versatile income property in a prime Vernon location with development potential. Just minutes from downtown, shops, restaurants, and transit, this 5-bedroom home offers excellent flexibility for both investors and homeowners. With tenants currently in place upstairs and down, it’s a solid holding property with immediate income, currently generating $4,125 per month in rental revenue. The main level features 3 bedrooms and 1 bathroom, while the fully self-contained lower suite offers 2 bedrooms, 1 bathroom, and its own laundry. There is also potential to add a 6th bedroom downstairs with the installation of a window, creating additional value and flexibility. The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water tank updated in 2022. The basement has been renovated with updated flooring, trim, doors, and bathroom, and includes a newer dishwasher. Plumbing has been upgraded to PEX, and the backyard is wired for a hot tub with additional electrical roughed into the detached garage. Zoned MSH (Medium Scale Housing), this property also presents future development potential, making it an attractive option for those looking to invest in a growing area. Whether you're looking for a rental property or a home with a mortgage helper, this is a strong opportunity in a highly convenient location.
5
Beds
2,297 ft²
Floor area
1959
Year built
Single Family
Type
City of Vernon
Area
Listed
April 28, 2026
$719,000 is 30.3% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
7 min
walk to FreshCo
3h 27m
bike to Orchard Park Exchange
11h 28m
walk to Orchard Park Exchange
11h 50m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 33%
| Detached | 95 | 32.5% |
| Townhouse | 63 | 21.6% |
| Condo / Apartment | 44 | 15.1% |
| Land | 27 | 9.2% |
| Duplex | 26 | 8.9% |
| Other | 37 | 12.7% |
| Under $5,000 | 5 | 1.5% |
| $5,000 to $9,999 | 5 | 1.5% |
| $10,000 to $14,999 | 5 | 1.5% |
| $15,000 to $19,999 | 20 | 6.2% |
| $20,000 to $24,999 | 40 | 12.3% |
| $25,000 to $29,999 | 15 | 4.6% |
| $30,000 to $34,999 | 20 | 6.2% |
| $35,000 to $39,999 | 20 | 6.2% |
| $40,000 to $44,999 | 20 | 6.2% |
| $45,000 to $49,999 | 15 | 4.6% |
| $50,000 to $59,999 | 30 | 9.2% |
| $60,000 to $69,999 | 20 | 6.2% |
| $70,000 to $79,999 | 25 | 7.7% |
| $80,000 to $89,999 | 15 | 4.6% |
| $90,000 to $99,999 | 10 | 3.1% |
| $100,000 to $124,999 | 30 | 9.2% |
| $125,000 to $149,999 | 15 | 4.6% |
| $150,000 to $199,999 | 15 | 4.6% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$3,472
Principal and interest
Calculated estimate
$3,122
Property tax
Calculated estimate
$200/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$674,900
Down payment
Calculated estimate
$134,980 (20%)
Estimated mortgage
Calculated estimate
$539,920
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
$3,472
/mo
Rate
%
Amortization
Principal and interest
$3,122
Property tax (est.)
$200
P&I
Tax
Down payment
$134,980 (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 $134,980 down (20%) on $674,900, 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.
