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4018 Pleasant Valley Road44 photos
Home typeTownhome
Year built1971 (55 yrs)
BasementFull
Lot0.18 acres
Parking6 spaces in total · Carport · street parking (description)
HeatingForced air
CoolingWall unit
Annual taxes$5,059
Neighbourhood score8.9 / 10Family Home MatchTry it →Which schools?Check this address →Walk & bike score7 / 10Nearest lake2.5 km

About this home

View (panoramic)Air conditioning

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 & things to check

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.

Living at 4018 Pleasant Valley Road

Neighbourhood scores

8.9 / 10
Lakes & beachesSwan Lake · 2.5 km
8.1
Parks & trailsGrey Canal · 3.5 km
5
SchoolsPleasant Valley Christian Academy (independent) · 510 m
10
Shops & servicesVernon centre · 1.4 km
10
Recreation centreVernon Civic Arena · 1.3 km
10
HospitalVernon Jubilee Hospital · 2.2 km
10

Walk & bike score: 7 / 10, from how close the nearest school, park or trail, rec centre and town centre are.

Family Home Match

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Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.

Distances from the front door

1.4 kmTown centre: Vernon
510 mSchool: Pleasant Valley Christian Academy (independent)
3.5 kmPark or trail: Grey Canal
2.5 kmLake: Swan Lake
1.3 kmRec centre: Vernon Civic Arena
2.4 kmGolf: Hillview Golf Course
17 kmSki hill: Silver Star Mountain Resort
2.2 kmHospital: Vernon Jubilee Hospital

Straight-line distances. Driving distances are longer.

Room sizes

Main level · 10 rooms

  • 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 · 9 rooms

  • 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''

Property details

Price
$1,149,000
MLS® number
10398298
Property type
Townhome / duplex · Fourplex · Single Family
Ownership
Freehold
Bedrooms
8
Bathrooms
4
Living area
3,625 sq ft
Lot size
0.18 acres · 0.18
Year built
1971
Storeys
2
Parking spaces
6
Annual taxes
$5,059
Community
East Hill, Vernon

Features

Basement
Full
Heating
Forced air, See remarks
Cooling
Wall unit
Parking
Carport
View
View (panoramic)
Roof
Asphalt shingle, Unknown
Exterior
Stucco
Appliances
Refrigerator, Range - Electric, Dishwasher, Washer & Dryer
Lot
Balcony
Water
Municipal water
Sewer
Municipal sewage system

City of Vernon map facts

Zoning
Multi-Unit: Small Scale (MUS). See what this zone allows, including suites
Future plans (OCP 2025)
Neighbourhood: Urban
City neighbourhood
Harwood
Flood hazard area
No, not in the City’s flood hazard permit area.
Wildfire hazard area
No
Nearest fire hall
About 1.3 km away (Fire Hall 1), straight-line distance. Inside the 10-minute response area for Station 1 (Downtown). A nearby fire hall matters for home insurance and for emergencies: firefighters are often first on scene for medical calls too.
Garbage and organics
Monday Biweekly Garbage Pickup (Week 1 of 2), Monday Weekly Organics Pickup
What’s planned nearby
  • 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

From the City of Vernon’s public maps, checked 2026-10-22. Not part of the MLS® listing. Please confirm anything important with the City of Vernon.

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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.