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Prime Downtown Corner Location with High Yield & Redevelopment Potential! Exceptional investment opportunity in the heart of downtown Vernon. This well-maintained, two-level 14,186 sq. ft. commercial building features elevator service and is situated on a prime 12,979 sq. ft. corner lot with 20 rare on-site parking spaces. Fully occupied by long-term professional tenants, including a law firm, medical offices, immigration services, and a boutique flower shop, providing strong, stable income and easy management. Unbeatable location directly across from the new Vernon Cultural Centre and the Central Bus Station. Flexible CMUC zoning allows for future large-scale, mixed-use redevelopment up to 16 storeys. A rock-solid addition to any commercial portfolio! Contact the Listing agent for Financial information.
Highlights
- Two-level commercial building of 14,186 sq ft with elevator service, per the listing.
- Fully occupied by long-term professional tenants, per the listing.
- Corner lot of 12,979 sq ft with 20 on-site parking spaces, per the listing.
- Zoned CMUC, which the listing says allows flexible mixed-use redevelopment up to 16 storeys.
- Not in the City of Vernon's flood or wildfire hazard permit areas.
Things to check
- Ask the listing agent for the financial information, as the listing directs.
- The listing does not state the heating type; ask what heats the building and how old the system is.
- 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.
Good to know: Most Vernon and Coldstream homes get their water from Greater Vernon Water, drawn mainly from Kalamalka Lake and Duteau Creek. Read more on movetovernon.ca →
Overall neighbourhood score 8.6 / 10; walk & bike score 7.8 / 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 · 0.6 km7 min there, 8 min home15 m uphill coming home · 12% tree shade
- CoffeeThe Bean Scene · right next door1 min there, 2 min homeMostly flat
- Elementary schoolBeairsto Elementary School · 0.3 kmSchool walk check: Footpaths, sidewalks or quiet streets for about 72% of the walk · no main-road crossings4 min each wayMostly flat · 0% tree shade
- Park or playgroundCenotaph Park · right next door1 min each wayMostly flat
- Beach / lake accessKal Beach · 4.0 km49 min each way55 m uphill on the way there · 18% tree shade
- DowntownDowntown Vernon · 0.5 km6 min each wayMostly flat · 0% tree shade
- Rail trailOkanagan Rail Trail · 4.0 km50 min there, 49 min home70 m uphill on the way there · 17% tree shade
- HospitalVernon Jubilee Hospital · 1.2 km15 min there, 14 min home30 m uphill on the way there · 6% tree shade
- GolfVernon Golf Club · 1.9 km24 min there, 23 min home25 m uphill on the way there · 9% tree shade
- Grocery storeFreshCo · 0.7 km4 min each way10 m uphill coming home · 0% tree shade
- CoffeeThe Bean Scene · right next door2 min each wayMostly flat
- Elementary schoolBeairsto Elementary School · 0.3 km3 min each wayMostly flat · 0% tree shade
- Park or playgroundCenotaph Park · right next door2 min each wayMostly flat
- Beach / lake accessKal Beach · 4.0 km18 min each way50 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 · 4.0 km19 min there, 18 min home65 m uphill on the way there · 19% tree shade
- HospitalVernon Jubilee Hospital · 1.2 km8 min there, 6 min home30 m uphill on the way there · 2% tree shade
- GolfVernon Golf Club · 1.9 km10 min there, 9 min home25 m uphill on the way there · 9% tree shade
- Grocery storeFreshCo · 0.7 km3 min each way10 m uphill coming home · 0% tree shade
- CoffeeThe Bean Scene · right next door2 min each wayMostly flat
- Elementary schoolBeairsto Elementary School · 0.3 km2 min each wayMostly flat · 0% tree shade
- Park or playgroundCenotaph Park · right next door1 min there, 2 min homeMostly flat
- Beach / lake accessKal Beach · 4.0 km12 min each way55 m uphill on the way there · 18% tree shade
- DowntownDowntown Vernon · 0.5 km3 min each wayMostly flat · 0% tree shade
- Rail trailOkanagan Rail Trail · 4.0 km12 min each way70 m uphill on the way there · 17% tree shade
- HospitalVernon Jubilee Hospital · 1.2 km5 min there, 4 min home30 m uphill on the way there · 2% tree shade
- GolfVernon Golf Club · 1.9 km7 min each way25 m uphill on the way there · 9% 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
- $3,900,000
- MLS® number
- 10399279
- Property type
- Single-family home
- Living area
- 14,186 sq ft
- Lot size
- 0.3 acres
- Year built
- 1992
- Parking spaces
- 20
- Annual taxes
- $54,919
- Community
- City of Vernon, Vernon
- Cooling
- Central air conditioning
- Parking
- Stall, Rear
- Lot features
- Level lot, Corner Site
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Utilities
- Water, Sewer, Natural Gas, Electricity, Cable
- Parking details
- 20 spaces in total · Stall, Rear
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.
- 3003 28 AVE: This application is for a form and character Development Permit for a 32-unit, six-storey social housing development that would be owned and operated by the Canadian Mental Health Association. Application
- 3003 28 AVE: This application seeks to vary the following sections of Zoning Bylaw 6000 for a six-storey, 32-unit social housing development owned and operated by the Canadian Mental Health Association: - Building Setback (CMUC Zone, Sec. 11.3.5): Reduce the setback from 28th Ave from 1m to 0.2m for Levels 2 through 6. - Landscape Buffers (Table 6.1): Reduce the required 1.5m-wide buffer along the lane to 0m, except for a 2.6m-long planter. - Landscape Buffers (Table 6.1): Reduce the required 1.5m-wide buffer along the street to 0m, except for a 6.89m-long planter. Application
- 2804 35 AVE: To allow the temporary use of a standalone parking facility (surface parking lot) in the CMUB zone. Application
- 3300 31 AVE: A Development Permit for the form and character of a 6 storey mixed-use building in the CMUC Zone, DP Area #1 - City Centre. Variances to reduce commercial parking and reduce setback along the lane. 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 Royal LePage Downtown Realty through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.