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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.
Highlights
- Per the listing, the 24,381 sq ft building sits on a 0.15-acre corner site.
- Per the listing, the main floor is suited to a commercial use such as a restaurant or retail concept.
- Per the listing, an original bank vault remains intact inside the building.
- The Town centre is 370 m away, and the Vernon Recreation Complex is 560 m away.
- An accessible elevator is installed, and the listing shows an attached garage for parking.
Things to check
- Ask for the zoning and confirm which uses, including residential units, are permitted on this property.
- The building dates from 1968. Ask for the permit history, especially for the upper floors the listing describes as framed for micro-suites.
- Ask the seller for the age of the tar and gravel roof.
- Ask about the heating system, since the listing shows forced air, electric and other.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Good to know: B.C.’s 20% foreign buyers’ tax doesn’t apply in Vernon, because Vernon is in the Regional District of North Okanagan. Moving from Vancouver or the Fraser Valley to Vernon →
Overall neighbourhood score 8.5 / 10; walk & bike score 7.7 / 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 km5 min each wayMostly flat · 0% tree shade
- CoffeeThe Bean Scene · 0.2 km3 min each wayMostly flat
- Elementary schoolBeairsto Elementary School · 0.6 kmSchool walk check: Footpaths, sidewalks or quiet streets for about 85% of the walk · 1 main-road crossing: 30 Street (marked crosswalk)7 min each way10 m uphill on the way there · 2% tree shade
- Park or playgroundCenotaph Park · 0.1 km2 min each wayMostly flat
- Beach / lake accessKal Beach · 4.1 km51 min there, 50 min home55 m uphill on the way there · 17% tree shade
- DowntownDowntown Vernon · 0.5 km6 min each wayMostly flat · 0% tree shade
- Rail trailOkanagan Rail Trail · 4.1 km51 min there, 50 min home70 m uphill on the way there · 17% tree shade
- HospitalVernon Jubilee Hospital · 1.0 km13 min there, 12 min home25 m uphill on the way there · 0% tree shade
- GolfVernon Golf Club · 1.8 km24 min each way35 m uphill coming home · 59% tree shade
- Grocery storeFreshCo · 0.4 km3 min each wayMostly flat · 0% tree shade
- CoffeeTriumph Coffee · 0.3 km2 min there, 3 min homeMostly flat
- Elementary schoolBeairsto Elementary School · 0.6 km4 min there, 3 min home10 m uphill on the way there · 0% tree shade
- Park or playgroundCenotaph Park · 0.1 km2 min each wayMostly flat
- Beach / lake accessKal Beach · 4.1 km19 min there, 18 min home55 m uphill on the way there · 19% tree shade
- DowntownDowntown Vernon · 0.5 km4 min each wayMostly flat · 0% tree shade
- Rail trailOkanagan Rail Trail · 4.1 km20 min there, 18 min home70 m uphill on the way there · 18% tree shade
- HospitalVernon Jubilee Hospital · 1.0 km7 min there, 5 min home30 m uphill on the way there · 2% tree shade
- GolfVernon Golf Club · 2.0 km10 min there, 9 min home25 m uphill on the way there · 8% tree shade
- Grocery storeFreshCo · 0.4 km2 min each wayMostly flat · 0% tree shade
- CoffeeTriumph Coffee · 0.3 km2 min each wayMostly flat
- Elementary schoolBeairsto Elementary School · 0.6 km3 min each way10 m uphill on the way there · 0% tree shade
- Park or playgroundCenotaph Park · 0.2 km2 min each wayMostly flat
- Beach / lake accessKal Beach · 4.1 km12 min each way55 m uphill on the way there · 17% tree shade
- DowntownDowntown Vernon · 0.5 km3 min each wayMostly flat · 0% tree shade
- Rail trailOkanagan Rail Trail · 4.1 km13 min there, 12 min home70 m uphill on the way there · 17% tree shade
- HospitalVernon Jubilee Hospital · 1.0 km4 min each way30 m uphill on the way there · 2% tree shade
- GolfVernon Golf Club · 2.0 km7 min each way25 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 →
- Price
- $3,500,000
- MLS® number
- 10385996
- Property type
- Single-family home
- Living area
- 24,381 sq ft
- Lot size
- 0.15 acres
- Year built
- 1968
- Parking spaces
- 1
- Annual taxes
- $77,963
- Community
- City of Vernon, Vernon
- Heating
- Forced air, Electric
- Parking
- Attached Garage
- Roof
- Tar & gravel
- Lot features
- Corner Site
- Accessibility
- Accessible Elevator Installed
- Parking details
- 1 space in total · Attached Garage (number of garage spaces not stated in the listing)
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Listing information is provided by Venture Realty Corp. through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.