About this home

Prime development site in Vernon's rapidly growing core. Zoned CMUB, this property supports an 8 storey mixed use development with flexibility for commercial and multifamily uses. Its central location delivers outstanding visibility and access, making it ideal for retail, office, or residential projects. A secure tenant currently provides steady income, allowing the property to serve as a strategic holding asset while you plan future growth. This is a rare opportunity to secure a site offering both immediate revenue and long term development potential in the Okanagan's most dynamic market. All inquiries are to be directed to the listing agents. Please do not approach the tenant or staff regarding the sale.

Home facts

Interior: 1,344 sq ft
Year built: 1969
Parking: 10
Property type: Other
Area: City of Vernon
Listed: May 19, 2026
Structure: Residential Commercial Mix
Frontage: 80 feet
PID: 010-361-766
Common interest: Freehold

Features and inclusions

Heating: Other
Cooling: Central air conditioning
Roof: Metal, Unknown
Lot: Level lot, Corner Site, Wheelchair access

Rooms and building

Sewer: Municipal sewage system
Water: Municipal water
Utilities: Water, Sewer, Cable, Telephone

Listed by Rennie & Associates Realty. Last updated Sep 22, 2026, 3:55 PM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $3,550
Property tax: $217/mo
Home insurance: $150/mo
Estimated monthly total: $3,917

Purchase snapshot

List price: $749,000
Down payment: $149,800 (20%)
Estimated mortgage: $599,200

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Prime rate: 4.45%; Variable mortgages are quoted against this.
5 year bond yield: 3.68%; Fixed mortgage pricing follows this.
Policy rate: 2.25%; Set by the Bank of Canada.

These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.

Source: Bank of Canada. As of 2026-09-29

Estimated annual tax: $4,492; At 5.9974 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.

Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01

Neighbourhood

Open the map

Walk to Simply Market8 min

Bike to Orchard Park Exchange3h 30m

Walk to Orchard Park Exchange11h 38m

Drive to downtown Vancouver11h 52m

Estimated travel times. Map data © OpenStreetMap contributors.

Average temperature: 9.1°C; Daily mean across the year.
Yearly precipitation: 345 mm; 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.

Source: Environment and Climate Change Canada, monthly climate summaries

Wildfire interface: Extreme risk; 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.

Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)

Most listed

Detached · 30%

Who lives here

About this home