Vernon · V1T2C2
$24,944/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Fully leased, income-producing investment opportunity in the heart of downtown Vernon. This well-maintained three-storey office building is fully occupied by five established tenants, providing immediate, stable cash flow with an approximate 5.25% cap rate based on the current asking price and existing rental income. Offering approximately 13,778 rentable square feet, elevator service, and exceptional corner exposure, this is a turnkey commercial asset in one of Vernon's most sought-after downtown locations. A rare second parcel with 20 owned parking stalls provides outstanding value, additional income potential, and future redevelopment flexibility. With zoning that supports redevelopment of up to 16 storeys, this property offers both reliable income today and significant long-term upside. Surrounded by professional offices, restaurants, shopping, government services, and everyday amenities, this is an exceptional opportunity to acquire a premium investment property in Vernon's downtown core.
15,000 ft²
Floor area
1995
Year built
20
Parking
$65,571/yr
Gross tax
Other
Type
City of Vernon
Area
Listed
June 29, 2026
Structure
Residential Commercial Mix
PID
018-980-538
Features & inclusions
Heating
Other
Cooling
Heat Pump
Roof
Other, Unknown
Parking
Additional Parking
Lot
Elevator
Common interest
Freehold
Nearby & Commute
5 min
walk to Canadian Wholesale Club
3h 28m
bike to Orchard Park Exchange
11h 31m
walk to Orchard Park Exchange
11h 52m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 35%
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$24,944
Principal and interest
Calculated estimate
$19,330
Property tax
Listing data
$5,464/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$4,179,000
Down payment
Calculated estimate
$835,800 (20%)
Estimated mortgage
Calculated estimate
$3,343,200
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Tax from listing
Est. monthly total
$24,944
/mo
Rate
%
Amortization
Principal and interest
$19,330
Property tax
$5,464
P&I
Tax
Down payment
$835,800 (20%)
Get Pre-Approved
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 $835,800 down (20%) on $4,179,000, Canadian semi-annual compounding. Property tax sourced from listing. 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.
| Detached | 111 | 35.4% |
| Townhouse | 67 | 21.3% |
| Condo / Apartment | 42 | 13.4% |
| Land | 30 | 9.6% |
| Duplex | 28 | 8.9% |
| Other | 36 | 11.5% |
| $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% |
$3,495,000
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