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INVESTOR & DEVELOPMENT POTENTIAL! PRICED $250,000 BELOW ASSESSED VALUE, WITH THE LAND ALONE ASSESSED AT $340,000! Bring your ideas, builder, and contractor to this exciting opportunity in Vernon’s desirable East Hill neighbourhood. Offering approximately 2,320 sq. ft. of total living space, this property is zoned MUS (Multi-Unit: Small Scale), providing an opportunity to explore a variety of residential redevelopment possibilities, subject to City of Vernon requirements, approvals, lot characteristics, and applicable development regulations. The existing home offers 5 bedrooms, with 3 on the main level and 2 downstairs, plus a separate basement entrance offering excellent suite potential. Inside, you’ll find hardwood flooring through the kitchen and dining area, dark maple cabinetry, and a sunken living room with a decorative fireplace. Recent upgrades include a brand-new hot water tank (2026) and a brand-new garage roof (2026). Located within walking distance of Silver Star Elementary and Vernon Secondary School, with transit nearby and convenient access to downtown Vernon and everyday amenities. Whether you’re looking for a renovation project, investment property, or future development opportunity, bring your ideas and explore the possibilities! Buyers to complete their own due diligence regarding zoning, permitted uses, density, development potential, and approvals with the City of Vernon.
Updates mentioned by the listing
- RoofUpdated 2026“Recent upgrades include a brand-new hot water tank (2026) and a brand-new garage roof (2026).”
- Hot waterUpdated 2026“Recent upgrades include a brand-new hot water tank (2026) and a brand-new garage roof (2026).”
From the listing description. Ask Sean to confirm ages and receipts before you write an offer.
Highlights
- Zoned MUS (Multi-Unit: Small Scale), with future land use listed as Neighbourhood: Suburban Limited, per City of Vernon map facts.
- Separate basement entrance, and the listing notes suite potential on this 0.17 acre corner lot.
- Brand-new hot water tank and garage roof, both listed as 2026.
- Attached garage plus additional parking, with municipal water and sewer service.
- Not in a City flood or wildfire hazard permit area. Vernon Secondary School is 370 m away.
Things to check
- Ask the City of Vernon what the MUS zoning allows on this lot, including density and approvals.
- Ask whether a basement suite is permitted, since the listing only mentions suite potential.
- Ask about the heating system, as the listing shows baseboard heaters only, and the age of the main roof.
- Ask how the 1,199 sq ft in the details and the 2,320 sq ft living space in the description were measured.
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 7.2 / 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 storeSave-On-Foods · 1.8 km20 min there, 24 min home50 m uphill coming home · 10% tree shade
- CoffeeBlenz Coffee · 1.6 km21 min there, 23 min home65 m uphill coming home · 14% tree shade
- Elementary schoolHillview Elementary School · 1.2 kmSchool walk check: Much of the walk is along main roads; check for sidewalks · no main-road crossings15 min there, 14 min home25 m uphill on the way there · 27% tree shade
- Park or playgroundLakeview Park · 0.7 km10 min there, 8 min home20 m uphill on the way there · 25% tree shade
- Beach / lake accessKal Beach · 4.0 km47 min there, 50 min home70 m uphill coming home · 19% tree shade
- DowntownDowntown Vernon · 2.4 km29 min there, 32 min home70 m uphill coming home · 17% tree shade
- Rail trailOkanagan Rail Trail · 3.9 km48 min there, 50 min home80 m uphill coming home · 18% tree shade
- HospitalVernon Jubilee Hospital · 2.6 km33 min there, 34 min home75 m uphill coming home · 14% tree shade
- GolfHillview Golf · 1.4 km18 min each way35 m uphill on the way there · 10% tree shade
- Grocery storeSave-On-Foods · 1.8 km7 min there, 12 min home50 m uphill coming home · 11% tree shade
- CoffeeBlenz Coffee · 1.7 km8 min there, 12 min home60 m uphill coming home · 17% tree shade
- Elementary schoolHillview Elementary School · 1.4 km8 min there, 7 min home30 m uphill on the way there · 22% tree shade
- Park or playgroundLakeview Park · 0.7 km6 min there, 4 min home20 m uphill on the way there · 38% tree shade
- Beach / lake accessKal Beach · 4.0 km16 min there, 20 min home70 m uphill coming home · 20% tree shade
- DowntownDowntown Vernon · 2.5 km11 min there, 15 min home65 m uphill coming home · 22% tree shade
- Rail trailOkanagan Rail Trail · 3.9 km17 min there, 21 min home80 m uphill coming home · 20% tree shade
- HospitalVernon Jubilee Hospital · 2.7 km14 min there, 16 min home70 m uphill coming home · 12% tree shade
- GolfHillview Golf · 1.4 km8 min each way30 m uphill coming home · 16% tree shade
- Grocery storeSave-On-Foods · 1.8 km6 min there, 7 min home50 m uphill coming home · 11% tree shade
- CoffeeBlenz Coffee · 1.7 km6 min there, 7 min home60 m uphill coming home · 17% tree shade
- Elementary schoolHillview Elementary School · 1.3 km5 min each way30 m uphill on the way there · 21% tree shade
- Park or playgroundLakeview Park · 0.7 km4 min there, 3 min home20 m uphill on the way there · 38% tree shade
- Beach / lake accessKal Beach · 3.9 km12 min each way70 m uphill coming home · 19% tree shade
- DowntownDowntown Vernon · 2.4 km8 min there, 9 min home65 m uphill coming home · 15% tree shade
- Rail trailOkanagan Rail Trail · 3.9 km12 min each way80 m uphill coming home · 18% tree shade
- HospitalVernon Jubilee Hospital · 2.7 km9 min each way70 m uphill coming home · 12% tree shade
- GolfHillview Golf · 1.4 km6 min each way30 m uphill coming home · 11% 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
- Partial bathroom5'4" x 4'6"
- Full bathroom7'5" x 5'11"
- Living room16'8" x 15'1"
- Kitchen13'7" x 9'11"
- Bedroom10'2" x 9'8"
- Bedroom9'10" x 13'4"
- Primary Bedroom11'2" x 13'
Lower level
- Bedroom8'10" x 16'4"
- Full bathroom5'8" x 7'3"
- Bedroom11'2" x 11'9"
- Price
- $550,000
- MLS® number
- 10401688
- Property type
- Single-family home
- Ownership
- Freehold
- Bedrooms
- 5
- Bathrooms
- 3 (1 partial)
- Living area
- 1,199 sq ft
- Lot size
- 0.17 acres
- Year built
- 1974
- Storeys
- 1
- Parking spaces
- 4
- Annual taxes
- $4,644
- Community
- East Hill, Vernon
- Style
- Ranch
- Heating
- Baseboard heaters
- Cooling
- Central air conditioning
- Parking
- Attached Garage, Additional Parking
- Fireplace
- Wood, Gas, Conventional
- Flooring
- Concrete, Hardwood, Carpeted
- Roof
- Asphalt shingle
- Lot features
- Level lot, Corner Site, Central island
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Parking details
- 4 spaces in total · Attached Garage (number of garage spaces not stated in the listing), Additional Parking
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.
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 REMAX Kelowna through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-09-30.