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INVESTMENT OPPORTUNITY | 4 RENTAL UNITS | APPROX. 7.65% PROJECTED CAP RATE. A compelling income-producing opportunity in central Vernon offering four self-contained 2-bedroom rental units and multiple income streams. All units are currently fully tenanted. Offering 8 bedrooms, 4 bathrooms and approximately 3,625 sq. ft. of finished living space, with private entrances, in-suite laundry and ample off-street parking. Seller reports $100,000+ invested in renovations and improvements during 2024–2025. Conveniently located near shopping, schools, parks, recreation and transit. An attractive opportunity for investors seeking an improved multi-unit rental property with strong income potential. Rent roll, financial information, floor plans and virtual tours available upon request. Some listing photos have been digitally decluttered for presentation purposes.
Highlights
- Four self-contained two-bedroom units, all currently tenanted, per the listing.
- Each unit has a private entrance and in-suite laundry, with ample off-street parking and a carport, per the listing.
- Zoned Multi-Unit: Small Scale (MUS), and the property is not in a City flood or wildfire hazard permit area.
- The seller reports over $100,000 in renovations and improvements during 2024–2025, per the listing.
- Town centre is about 1.4 km and Vernon Jubilee Hospital about 2.2 km away, straight-line.
Things to check
- Ask for the rent roll, financial information and floor plans, which the listing says are available on request.
- Ask for the actual rents and expenses behind the projected 7.65% cap rate, and the roof and furnace ages for this 1971 build.
- 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.
Overall neighbourhood score 8.9 / 10; walk & bike score 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 storeButcher Boys · 1.3 km17 min each way25 m uphill on the way there · 15% tree shade
- CoffeeBean to Cup · 1.0 km12 min there, 14 min home30 m uphill coming home · 21% tree shade
- Elementary schoolHarwood Elementary School · 0.8 kmSchool walk check: Footpaths, sidewalks or quiet streets nearly all the way · no main-road crossings10 min there, 11 min home20 m uphill coming home · 34% tree shade
- Park or playgroundGirouard Park · 0.2 km3 min there, 4 min home15 m uphill coming home
- Beach / lake accessKal Beach · 5.3 km1 hr 4 min there, 1 hr 6 min home85 m uphill coming home · 26% tree shade
- DowntownDowntown Vernon · 1.6 km19 min there, 22 min home40 m uphill coming home · 13% tree shade
- Rail trailOkanagan Rail Trail · 5.3 km1 hr 5 min there, 1 hr 7 min home95 m uphill coming home · 26% tree shade
- HospitalVernon Jubilee Hospital · 2.8 km34 min there, 35 min home60 m uphill coming home · 22% tree shade
- GolfHillview Golf · 3.0 km38 min each way65 m uphill on the way there · 9% tree shade
- Grocery storeButcher Boys · 1.3 km8 min there, 7 min home20 m uphill on the way there · 15% tree shade
- CoffeeBean to Cup · 1.0 km5 min there, 8 min home30 m uphill coming home · 18% tree shade
- Elementary schoolHarwood Elementary School · 0.9 km5 min there, 7 min home20 m uphill coming home · 31% tree shade
- Park or playgroundGirouard Park · 0.2 km2 min there, 3 min home10 m uphill coming home
- Beach / lake accessKal Beach · 5.5 km23 min there, 26 min home85 m uphill coming home · 23% tree shade
- DowntownDowntown Vernon · 1.6 km7 min there, 11 min home40 m uphill coming home · 15% tree shade
- Rail trailOkanagan Rail Trail · 5.5 km24 min there, 26 min home95 m uphill coming home · 23% tree shade
- HospitalVernon Jubilee Hospital · 3.0 km14 min there, 15 min home55 m uphill coming home · 11% tree shade
- GolfVernon Golf Club · 3.4 km14 min there, 17 min home60 m uphill coming home · 20% tree shade
- Grocery storeButcher Boys · 1.3 km5 min each way20 m uphill on the way there · 15% tree shade
- CoffeeBean to Cup · 1.0 km4 min there, 5 min home30 m uphill coming home · 18% tree shade
- Elementary schoolHarwood Elementary School · 1.0 km4 min each way20 m uphill coming home · 23% tree shade
- Park or playgroundGirouard Park · 0.2 km2 min each way10 m uphill coming home
- Beach / lake accessKal Beach · 5.4 km16 min each way85 m uphill coming home · 24% tree shade
- DowntownDowntown Vernon · 1.6 km6 min each way40 m uphill coming home · 15% tree shade
- Rail trailOkanagan Rail Trail · 5.4 km16 min each way95 m uphill coming home · 23% tree shade
- HospitalVernon Jubilee Hospital · 2.9 km9 min each way55 m uphill coming home · 13% tree shade
- GolfVernon Golf Club · 3.3 km10 min there, 11 min home60 m uphill coming home · 22% 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
- Living room11' x 12'9"
- Living room11'1" x 18'10"
- Bedroom10' x 13'
- Bedroom11'4" x 13'5"
- Bedroom10'0" x 13'0"
- Primary Bedroom11'4" x 13'5"
- 4pc Bathroom6'4" x 7'2"
- 4pc Bathroom6" x 7'2"
- Kitchen10' x 15'1"
- Kitchen10'0" x 15'1"
Lower level
- Living room11'2" x 19'
- Bedroom9' x 13'3"
- Bedroom9'7" x 15'9"
- Bedroom9' x 13'3"
- Bedroom9'9" x 18'6"
- Full bathroom5'8" x 7'
- Full bathroom7'3" x 9'4"
- Kitchen11'7" x 18'8"
- Kitchen11'7" x 17'1"
- Price
- $1,149,000
- MLS® number
- 10398298
- Property type
- Townhome · fourplex
- Ownership
- Freehold
- Bedrooms
- 8
- Bathrooms
- 4
- Living area
- 3,625 sq ft
- Lot size
- 0.18 acres
- Year built
- 1971
- Storeys
- 2
- Parking spaces
- 6
- Annual taxes
- $5,059
- Community
- East Hill, Vernon
- Basement
- Full
- Heating
- Forced air
- Cooling
- Wall unit
- Parking
- Carport
- View
- View (panoramic)
- Roof
- Asphalt shingle
- Exterior
- Stucco
- Appliances
- Refrigerator, Range - Electric, Dishwasher, Washer & Dryer
- Lot features
- Balcony
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Parking details
- 6 spaces in total · Carport · street parking (description)
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.
- 1609 43 AVE: To facilitate a 34-unit multi-family development in the Medium Scale Housing (MSH) Zone. Application
- 1701 43 AVE: To facilitate a 67 unit BC Housing apartment project within the MSH - Medium Scale Housing Zone. Application
- 1701 43 AVE: To vary the following sections of Zoning Bylaw 6000 to facilitate a BC Housing apartment project: Section 7.3 Vehicle Parking and Loading - Table 7.7 - Parking, Loading, and Bike Parking Schedule - Reduce the required vehicle parkings spaces from 67 to 30. - Reduce the required short term bike parking from 17 to 7. - Reduce the required long term bike parking from 67 to 47. Application
- 2001 39 AVE: To facilitate a proposed 2 lot subdivision on the subject property, keeping the existing house and attached garage on one lot. 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 Oakwyn Realty Okanagan-Letnick Estates through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.