Vernon · V1T5M4
$17,364/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Positioned at one of Vernon’s most prominent and high-traffic intersections, this iconic former bank building presents a rare opportunity for visionary investors and developers. Stripped to its concrete core, the 24,000+ sq ft structure offers a true blank canvas ready for adaptive reuse or redevelopment. The main floor is ideally suited for a high-exposure commercial use such as a restaurant, retail concept, or entertainment venue, while the upper floors are already framed for residential micro-suites but could easily be reimagined as offices, boutique hotel rooms, or creative workspace. A rare original bank vault remains intact, offering a unique architectural feature that could become the centerpiece of a future concept. With strong pedestrian activity, exceptional visibility, and ongoing revitalization in downtown Vernon, this property offers significant upside for those looking to transform a landmark building into something truly special.
24,381 ft²
Floor area
1968
Year built
Other
Type
City of Vernon
Area
Listed
May 5, 2026
$3,895,000 is 277.6% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
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 · 33%
| Detached | 105 | 32.8% |
| Townhouse | 73 | 22.8% |
| Condo / Apartment | 44 | 13.8% |
| Duplex | 30 | 9.4% |
| Land | 30 | 9.4% |
| Other | 38 | 11.9% |
| $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
$17,364
Principal and interest
Calculated estimate
$16,189
Property tax
Calculated estimate
$1,025/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$3,500,000
Down payment
Calculated estimate
$700,000 (20%)
Estimated mortgage
Calculated estimate
$2,800,000
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
$17,364
/mo
Rate
%
Amortization
Principal and interest
$16,189
Property tax (est.)
$1,025
P&I
Tax
Down payment
$700,000 (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 $700,000 down (20%) on $3,500,000, 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.
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.
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.
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.
