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Investors. How interested would you be in an investment 2 bedroom townhome for only $157,143? How about 14 of them, all at $157,143? 14 separately titled strata townhome properties in 2 separate twin buildings of 7 units each offered as one package. Each unit is currently rented with monthly rents between $800.00 and $1600.00 and averaging $1179.00 per month. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 bedroom 1 bath units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building. Good location, on the bus route and convenient to all that Vernon has to offer. Property is flat, fully usable and has a creek at the rear. Note not a foreclosure but a court ordered sale and priced to go. This property needs work but huge upside potential for someone to inject some capital and invest some time and sweat equity. Great for a solo investor, a group of friends or like minded partners, or a charity or non profit organization looking for multiple properties in 1 location. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market"". Please note at this time the offering is only for all 14 units as 1 package. Call or visit our web page for more info, a full package or to book a viewing.
Highlights
- Per the listing, the package includes 14 separately titled townhome units in two buildings of 7 units each, sold only as one package.
- Per the listing, each unit is rented, with monthly rents between $800.00 and $1600.00, and rentals are allowed.
- Per the listing, the property has frontage on a creek, with city and mountain views, and is on the bus route.
- Zoning is Multi-unit: Medium Scale (MUM), and the property is not in a wildfire hazard permit area.
Things to check
- The property is in the City's flood hazard permit area. Ask your insurer, and ask the City what it means for future renovations.
- The building dates from 1970, and the listing gives only the roof material. Ask for the roof's age.
- Ask what the $3,518 monthly strata fee covers, and request the strata bylaws on rentals and pets.
- 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.
Worth knowing: The Canada Revenue Agency taxes you in the province you lived in on December 31, so a December move makes you a B.C. resident for that year. Moving from Edmonton to Vernon →
Overall neighbourhood score 8.3 / 10; walk & bike score 7.1 / 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.
- Price
- $2,200,000
- MLS® number
- 10386053
- Property type
- Commercial · multi-family
- Ownership
- Condo/Strata
- Lot size
- 0.54 acres
- Year built
- 1970
- Parking spaces
- 0
- Annual taxes
- $18,746
- Strata / HOA fee
- $3,518 monthly
- Fee includes
- Property Management, Waste Removal, Ground Maintenance, Water, Insurance, Reserve Fund Contributions, Sewer
- Community
- City of Vernon, Vernon
- Heating
- Baseboard heaters, Electric
- View
- City view, Mountain view, View of water
- Waterfront
- Waterfront on creek
- Flooring
- Mixed Flooring
- Roof
- Asphalt shingle
- Exterior
- Vinyl siding, Aluminum
- Building features
- Laundry - Coin Op
- Lot features
- Balcony
- Water
- Municipal water
- Sewer
- Municipal sewage system
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.
- 3615 21 AVE: To subdivide the existing lot into 2 lots. To create a 515.2 sq.m. lot fronting Okanagan Avenue in the MUS - Multi-Unit Small Scale zone with the existing house to be retained on the upper Remainder lot. 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
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 RE/MAX Vernon through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.