Vernon · V1T2E2
$40,609/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Offered for the first time in over a generation, this landmark downtown Vernon property is far more than a commercial investment—it is an offering to steward one of the city’s most enduring legacy assets. Originally constructed in 1959 as the home of Vernon's premier Eaton’s department store, the building became a defining anchor of the downtown core, the beginning of a story that has shaped the city’s commercial landscape for more than six decades. Occupying nearly one acre of prime downtown real estate, the property is improved with a meticulously maintained mixed-use building comprising 36,000+ square feet of leasable area, an exceptional 51 on-site parking stalls, plus street parking—a rarity in the urban core. The site benefits from Mixed Use – High Density Commercial & Residential designation under the Official Community Plan. Today, the asset is anchored by Nature's Fare Markets, the flagship Vernon location of the respected Pattison Food Group banner, providing the security and stability associated with a premier AAA covenant tenant. Carefully stewarded through decades of ownership, benefited from ongoing capital improvements and professional management, preserving both its architectural character and its institutional-quality investment profile. One of Vernon’s most recognizable commercial holdings—an irreplaceable legacy asset poised to serve the community for generations ahead. This is a once-in-a-generation offering. Note,Businesses Leasing are not part of sale.
43,217 ft²
Floor area
1959
Year built
Other
Type
City of Vernon
Area
Listed
July 10, 2026
Nearby & Commute
1 min
walk to FreshCo
3h 27m
bike to Orchard Park Exchange
11h 30m
walk to Orchard Park Exchange
11h 51m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 33%
| Detached | 106 | 33.4% |
| Townhouse | 72 | 22.7% |
| Condo / Apartment | 44 | 13.9% |
| Duplex | 31 | 9.8% |
| Land | 26 | 8.2% |
| Other | 38 | 12.0% |
| Under $5,000 | 10 | 2.3% |
| $5,000 to $9,999 | 5 | 1.2% |
| $15,000 to $19,999 | 40 | 9.3% |
| $20,000 to $24,999 | 105 | 24.4% |
| $25,000 to $29,999 | 40 | 9.3% |
| $30,000 to $34,999 | 35 | 8.1% |
| $35,000 to $39,999 | 25 | 5.8% |
| $40,000 to $44,999 | 30 | 7.0% |
| $45,000 to $49,999 | 20 | 4.7% |
| $50,000 to $59,999 | 30 | 7.0% |
| $60,000 to $69,999 | 15 | 3.5% |
| $70,000 to $79,999 | 20 | 4.7% |
| $80,000 to $89,999 | 15 | 3.5% |
| $90,000 to $99,999 | 10 | 2.3% |
| $100,000 to $124,999 | 15 | 3.5% |
| $125,000 to $149,999 | 10 | 2.3% |
| $150,000 to $199,999 | 5 | 1.2% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$40,609
Principal and interest
Calculated estimate
$38,059
Property tax
Calculated estimate
$2,400/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$8,228,000
Down payment
Calculated estimate
$1,645,600 (20%)
Estimated mortgage
Calculated estimate
$6,582,400
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
$40,609
/mo
Rate
%
Amortization
Principal and interest
$38,059
Property tax (est.)
$2,400
P&I
Tax
Down payment
$1,645,600 (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 $1,645,600 down (20%) on $8,228,000, 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.
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.
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.
