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Versatile income property in a prime Vernon location with development potential. Just minutes from downtown, shops, restaurants, and transit, this 5-bedroom home offers excellent flexibility for both investors and homeowners. With tenants currently in place upstairs and down, it’s a solid holding property with immediate income, currently generating $4,125 per month in rental revenue. The main level features 3 bedrooms and 1 bathroom, while the fully self-contained lower suite offers 2 bedrooms, 1 bathroom, and its own laundry. There is also potential to add a 6th bedroom downstairs with the installation of a window, creating additional value and flexibility. The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water tank updated in 2022. The basement has been renovated with updated flooring, trim, doors, and bathroom, and includes a newer dishwasher. Plumbing has been upgraded to PEX, and the backyard is wired for a hot tub with additional electrical roughed into the detached garage. Zoned MSH (Medium Scale Housing), this property also presents future development potential, making it an attractive option for those looking to invest in a growing area. Whether you're looking for a rental property or a home with a mortgage helper, this is a strong opportunity in a highly convenient location.
Updates mentioned by the listing
- RoofUpdated 2017“The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water ”
- WindowsUpdated 2017“The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water ”
- Furnace / HVACUpdated 2017“The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water ”
- Hot waterUpdated 2017“The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water ”
- FlooringUpdated (year not given)“The basement has been renovated with updated flooring, trim, doors, and bathroom, and includes a newer dishwasher.”
- PlumbingUpdated (year not given)“Plumbing has been upgraded to PEX, and the backyard is wired for a hot tub with additional electrical roughed into the detached garage.”
From the listing description. Ask Sean to confirm ages and receipts before you write an offer.
Highlights
- The lower suite is self-contained with two bedrooms, one bathroom and its own laundry, and per the listing it generates $4,125 per month in rent.
- Per the listing, tenants are in place upstairs and downstairs, giving immediate rental income.
- Updates include a roof (2017), a furnace (2021), a hot water tank (2022) and PEX plumbing, per the listing.
- Zoned Medium Scale Housing (MSH) per City of Vernon map facts, and not in a flood or wildfire hazard permit area.
- Straight-line distances: Priest Valley Arena 670 m, Vernon Jubilee Hospital 1.1 km and Vernon town centre 1.2 km.
Things to check
- Ask the City whether the lower suite and rental use are permitted, and ask for current leases and rent records.
- Ask the City whether adding a window to the basement would create a legal sixth bedroom.
- Built in 1959, so ask about the age of the electrical wiring and other older systems.
- The City has a development application on file within about 400 m. See City of Vernon map facts for details.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Insider tip: Coming from Alberta? Budget for B.C.’s 7% PST on furniture, appliances and vehicles you buy here. Cost of living in Vernon, compared →
Overall neighbourhood score 8.2 / 10; walk & bike score 6.9 / 10, from how close the nearest school, park or trail, rec centre and town centre are. Scores and distances are Sean Phillips’s own straight-line measures from this home to public B.C. map data. They are not part of the MLS® listing; driving distances are longer, so please check anything that matters to you.
- Grocery storeFreshCo · 0.4 km6 min there, 5 min homeMostly flat · 10% tree shade
- CoffeeTriumph Coffee · 0.6 km8 min there, 7 min home10 m uphill on the way there · 7% tree shade
- Elementary schoolBeairsto Elementary School · 1.4 kmSchool walk check: Much of the walk is along main roads; check for sidewalks · no main-road crossings17 min there, 16 min home20 m uphill on the way there · 2% tree shade
- Park or playgroundClerke Nature Reserve and Hiking Trails · 0.2 km4 min there, 3 min home10 m uphill on the way there
- Beach / lake accessKal Beach · 4.8 km59 min there, 58 min home65 m uphill on the way there · 15% tree shade
- DowntownDowntown Vernon · 1.2 km16 min there, 15 min home20 m uphill on the way there · 6% tree shade
- Rail trailOkanagan Rail Trail · 4.8 km1 hr there, 59 min home80 m uphill on the way there · 15% tree shade
- HospitalVernon Jubilee Hospital · 1.7 km22 min there, 20 min home35 m uphill on the way there · 1% tree shade
- GolfVernon Golf Club · 2.5 km33 min there, 32 min home45 m uphill on the way there · 44% tree shade
- Grocery storeFreshCo · 0.4 km3 min each wayMostly flat · 10% tree shade
- CoffeeTriumph Coffee · 0.6 km4 min there, 3 min home10 m uphill on the way there · 7% tree shade
- Elementary schoolBeairsto Elementary School · 1.4 km8 min there, 6 min home20 m uphill on the way there · 3% tree shade
- Park or playgroundClerke Nature Reserve and Hiking Trails · 0.2 km3 min there, 2 min home10 m uphill on the way there
- Beach / lake accessKal Beach · 4.9 km22 min there, 20 min home65 m uphill on the way there · 17% tree shade
- DowntownDowntown Vernon · 1.3 km7 min there, 6 min home15 m uphill on the way there · 3% tree shade
- Rail trailOkanagan Rail Trail · 4.9 km23 min there, 21 min home80 m uphill on the way there · 16% tree shade
- HospitalVernon Jubilee Hospital · 1.7 km10 min there, 7 min home40 m uphill on the way there · 14% tree shade
- GolfVernon Golf Club · 2.8 km14 min there, 12 min home35 m uphill on the way there · 8% tree shade
- Grocery storeFreshCo · 0.4 km2 min each wayMostly flat · 10% tree shade
- CoffeeTriumph Coffee · 0.6 km3 min each way10 m uphill on the way there · 7% tree shade
- Elementary schoolBeairsto Elementary School · 1.4 km5 min each way20 m uphill on the way there · 3% tree shade
- Park or playgroundClerke Nature Reserve and Hiking Trails · 0.2 km2 min each way10 m uphill on the way there
- Beach / lake accessKal Beach · 4.9 km14 min each way65 m uphill on the way there · 15% tree shade
- DowntownDowntown Vernon · 1.3 km5 min each way20 m uphill on the way there · 3% tree shade
- Rail trailOkanagan Rail Trail · 4.8 km15 min there, 14 min home85 m uphill on the way there · 15% tree shade
- HospitalVernon Jubilee Hospital · 1.7 km6 min each way40 m uphill on the way there · 14% tree shade
- GolfVernon Golf Club · 2.8 km9 min each way40 m uphill on the way there · 8% tree shade
Sean Phillips’s own estimate, not part of the MLS® listing. Real routes on public map paths and roads, with the hills counted both ways, to the quickest-to-reach place of each kind. Times are averages for a relaxed pace; please check anything that matters to you. Map data © OpenStreetMap contributors. How HillSmart ratings work →
Main level
- 4pc Bathroom6'9" x 8'6"
- Bedroom11'0" x 8'8"
- Bedroom10'3" x 12'0"
- Primary Bedroom10'6" x 12'9"
- Dining room9'0" x 12'0"
- Kitchen16'3" x 12'6"
- Living room12'0" x 12'0"
Basement
- Kitchen9' x 7'6"
- Bedroom9'0" x 9'0"
- Living room9' x 23'6"
- Den9'6" x 11'0"
- 4pc Bathroom5'6" x 6'3"
- Bedroom16'0" x 11'6"
- Laundry room11'3" x 8'0"
- Price
- $674,900
- MLS® number
- 10385213
- Property type
- Single-family home
- Ownership
- Freehold
- Bedrooms
- 5
- Bathrooms
- 2
- Living area
- 2,297 sq ft
- Lot size
- 0.12 acres
- Frontage
- 41 feet
- Year built
- 1959
- Storeys
- 1
- Parking spaces
- 5
- Annual taxes
- $4,087
- Community
- City of Vernon, Vernon
- Style
- Ranch
- Basement
- Full
- Heating
- Forced air
- Cooling
- Central air conditioning
- Parking
- Detached Garage
- Flooring
- Tile, Laminate
- Roof
- Asphalt shingle
- Exterior
- Stucco, Vinyl siding
- Lot features
- Central island
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Fencing
- Fence
- Parking details
- 5 spaces in total · Detached Garage (number of garage spaces not stated in the listing)
From the City of Vernon’s public maps, checked October 26, 2026. Not part of the MLS® listing. Please confirm anything important with the City.
- 2810 35 ST: To facilitate development (site restoration) proposed within a Riparian Assessment Area. To replant 3 deciduous trees within the Riparian setback. Application
- 3709 27 AVE: To regulate the Form and Character for a apartment that contains 8 units. Parking is supplied of the lane way. 2 units are under 30m2 and considered bachelor units, while the remaining 6 units contain 1 bedroom Application
- 3709 27 AVE: To vary the following sections of Zoning Bylaw 6000 to facilitate the construction of a 8-unit apartment: - Section 4.2.2 - to increase the minimum projection of a second storey balcony in a required setback on the east elevation from 0.5 m to 1.0 m; - Section 7.2.16 - to reduce the minimum setback for a vehicle parking space in a required street setback from 4.0 m to 2.0 m - Section 9.5.7.1 - to allow a portion of the private amenity area to be located in the required setbacks, and - Section 9.5.7.1 - to reduce the require common amenity are from 32 m2 to 0 m2, Application
- 3351 ALEXIS PARK DR: For the development of a 121-unit apartment building in the Alexis Park neighbourhood. Application
A nearby fire hall matters for home insurance and emergencies; firefighters are often first on scene for medical calls too.
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Listing information is provided by Coldwell Banker Executives Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.