Vernon · V1T4Y2
$2,241/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Prime opportunity to own a 0.15-acre property in one of Vernon’s newly rezoned commercial districts. The lot is approximately 50 ft by 130 ft and has access to a laneway at the rear of the property. Now zoned CMUB (Commercial Mixed Use – Business), this site offers exceptional flexibility for a wide range of uses. Zoning also allows for redevelopment into multi family housing. The existing 3,735 sq. ft. building was once a church and currently operates as a dance studio and provides a solid foundation for numerous business possibilities. The main interior space is approximately 28 ft x 50 ft, there is also a washroom, foyer and a full basement. Located on a high-visibility main road just minutes from Village Green Mall and surrounded by established retail, this property benefits from steady traffic and strong commercial presence. Whether you choose to redevelop or enhance the current structure, the versatile zoning and strategic location make this an outstanding long-term investment.
3,735 ft²
Floor area
1952
Year built
Other
Type
City of Vernon
Area
Listed
April 9, 2026
$449,900 is 56.4% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
11 min
walk to Safeway
3h 33m
bike to Orchard Park Exchange
11h 49m
walk to Orchard Park Exchange
11h 54m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 33%
| Detached | 85 | 33.5% |
| Townhouse | 59 | 23.2% |
| Condo / Apartment | 40 | 15.7% |
| Land | 25 | 9.8% |
| Other | 25 | 9.8% |
| Other | 20 | 7.9% |
| $15,000 to $19,999 | 5 | 2.1% |
| $20,000 to $24,999 | 10 | 4.2% |
| $25,000 to $29,999 | 20 | 8.3% |
| $30,000 to $34,999 | 10 | 4.2% |
| $35,000 to $39,999 | 20 | 8.3% |
| $40,000 to $44,999 | 15 | 6.3% |
| $45,000 to $49,999 | 15 | 6.3% |
| $50,000 to $59,999 | 15 | 6.3% |
| $60,000 to $69,999 | 20 | 8.3% |
| $70,000 to $79,999 | 20 | 8.3% |
| $80,000 to $89,999 | 10 | 4.2% |
| $90,000 to $99,999 | 20 | 8.3% |
| $100,000 to $124,999 | 20 | 8.3% |
| $125,000 to $149,999 | 20 | 8.3% |
| $150,000 to $199,999 | 10 | 4.2% |
| $200,000 and over | 10 | 4.2% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$2,241
Principal and interest
Calculated estimate
$1,966
Property tax
Calculated estimate
$125/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$425,000
Down payment
Calculated estimate
$85,000 (20%)
Estimated mortgage
Calculated estimate
$340,000
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
$2,241
/mo
Rate
%
Amortization
Principal and interest
$1,966
Property tax (est.)
$125
P&I
Tax
Down payment
$85,000 (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 $85,000 down (20%) on $425,000, 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.
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.
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.
