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Vernon Multi-Family Properties for Sale

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House for sale: 3706 24 Avenue, Vernon

3 photos

$1,400,000

3706 24 Avenue, Vernon, British Columbia V1T 1L9

3 beds
2 baths
20 days

Discover an exceptional opportunity to acquire a prime development property located at 3706 24th Ave in beautiful Vernon, BC. Spanning an expansive 0.48 acres, this waterfront parcel is zoned MUM (Multi-Unit Medium Scale), offering immense potential for visionary developers. With a FAR of

Samantha Ashly,Macdonald Realty InteriorListed by: Samantha Ashly,Macdonald Realty Interior
House for sale: 974 Mt. Beaven Place, Vernon

53 photos

$840,000

974 Mt. Beaven Place, Vernon, British Columbia V1B 2Y8

5 beds
3 baths
24 days

The perfect family home in Middleton, easily suite-able under that magic $850K mark! New paint and beautiful engineered hard wood floors in the main home. New fireplace in the grand living room. There is a beautifully renovated bathroom in the primary bedroom. Seller has added finished

Sarah Kennedy,Coldwell Banker Executives RealtyListed by: Sarah Kennedy,Coldwell Banker Executives Realty
House for sale: 3906 28th Avenue, Vernon

35 photos

$629,000

3906 28th Avenue, Vernon, British Columbia V1T 1X2

3 beds
2 baths
19 days

Welcome to 3906 28 Ave! This well-maintained, move-in ready home truly shows pride of ownership, with MANY recent updates / improvements in and out. Offering 3 bedrooms and 2 baths, this cozy rancher home features an updated 3-piece ensuite with a spacious walk-in closet, ensuring comfort

Steve Bearss,3 Percent Realty Inc.Listed by: Steve Bearss,3 Percent Realty Inc.
Multi-Family for sale: 3803 32 Avenue, Vernon

16 photos

$2,500,000

3803 32 Avenue, Vernon, British Columbia V1T 2N2

0 beds
0 baths
124 days

Opportunity knocks on 32nd Ave in Alexis Park, Vernon, BC! This prime development property boasts the potential for 125 multi-family units, priced at an unbeatable rate of under $20K per door—easily the best deal in the Okanagan. Perfect for 6 story wood frame construction. This is the

Multi-Family for sale: 3403 27 Street, Vernon

67 photos

$1,350,000

3403 27 Street, Vernon, British Columbia V1T 4W8

0 beds
0 baths
66 days

The Carew House! This historic Vernon home is comprised of 6 completely renovated suites used as rental accommodation. Plumbing and electrical has been upgraded and new windows were installed March of 2022. Each unit has separate utilities and it's own heat pump for heating and cooling. Lots

Robin Baycroft,Re/max VernonListed by: Robin Baycroft,Re/max Vernon
Row / Townhouse for sale: 307 Browne Road Unit# 201, Vernon

34 photos

$417,000

307 Browne Road Unit# 201, Vernon (Creekside Estates), British Columbia V1T 7M2

2 beds
2 baths
10 days

Now have an accepted offer, Subject Removal date is April 29. Discover the charm of this immaculate 2-bedroom, 2-bathroom townhouse located in the highly sought-after Creekside Estates. This corner/end unit boasts a private main level entry with no stairs, making it accessible for every member

Row / Townhouse for sale: 3900 27 Avenue Unit# 53, Vernon

29 photos

$455,900

3900 27 Avenue Unit# 53, Vernon (SPRUCE LANDING), British Columbia V1T 9E6

2 beds
2 baths
24 days

Exquisitely updated and ready for your retirement lifestyle. Welcome to this level entry ranch shirt with all new kitchen, flooring, lighting fixtures, baseboard and trim appliances, paint and fixtures throughout. The kitchen is bright and inviting with stainless steel appliances, gas stove,

John Kristian,Re/max VernonListed by: John Kristian,Re/max Vernon
House for sale: 3413 24 Avenue, Vernon

45 photos

$575,000

3413 24 Avenue, Vernon, British Columbia V1T 1L7

4 beds
2 baths
140 days

Discover an exceptional opportunity to own this beautifully renovated home, ideally situated close to transit, schools, the college, and the hospital. This versatile property offers 4 bedrooms (one without a closet) and 2 bathrooms, with the potential to add a secondary suite. The layout

Nathan Sulz,Exp Realty (kelowna)Listed by: Nathan Sulz,Exp Realty (kelowna)
Duplex for sale: 494 Killarney Way Unit# A and B Lot# LOT 71, Vernon

78 photos

$925,000

494 Killarney Way Unit# A And B Lot# Lot 71, Vernon, British Columbia V1H 2C6

4 beds
2 baths
21 days

Investor's Dream Duplex with Stunning Lake Views – Perfect for Multi-Generational Living! Welcome to 494 Killarney Way, located on the outskirts of Vernon. This exceptional property offers peace and serenity, far from the hustle and bustle of the noisy city, while showcasing a breathtaking

House for sale: 4732 Heritage Drive, Vernon

11 photos

$875,000

4732 Heritage Drive, Vernon, British Columbia V1T 7V2

5 beds
2 baths
19 days

Unlock the full potential of this 17,232 sq. ft. (1,601.6 m²) lot zoned MUM (Multi-Unit: Medium Scale), offering incredible redevelopment potential. With a maximum buildable floor area of 21,549 sq. ft. (2,002 m²) and the ability to build up to four storeys, this property is ideal

Kevin Kraus,Royal Lepage Downtown RealtyListed by: Kevin Kraus,Royal Lepage Downtown Realty
Other for sale: 3708 25TH Avenue, Vernon

21 photos

$749,000

3708 25th Avenue, Vernon, British Columbia V1T 1P3

0 beds
0 baths
31 days

A rare and exciting development opportunity in a prime location! This lot offers incredible potential with zoning recently upgraded from RM1 (Row Housing Residential) to MUM (Multi-Unit: Medium Scale), allowing for greater density and up to 15 meters in height. Previously, preliminary plans

Hank Prebushewski,Coldwell Banker Executives RealtyListed by: Hank Prebushewski,Coldwell Banker Executives Realty
Residential Commercial Mix for sale: 7501 Kennedy Lane, Vernon

8 photos

$1,450,000

7501 Kennedy Lane, Vernon, British Columbia V1H 1C4

0 beds
0 baths
166 days

Rare opportunity to own one of the last vacant lots on Okanagan Lake with Multi Family Zoning . This gently slopping Lakeshore property has a multitude of uses. The New MUS Zoning will allow for up to 4 units on the site. Ideal for the small Developer / Builder or Family Estate Holding .Some

Norman Brenner,Coldwell Banker Executives RealtyListed by: Norman Brenner,Coldwell Banker Executives Realty
Other for sale: 7740 Okanagan Landing Road, Vernon

10 photos

$589,000

7740 Okanagan Landing Road, Vernon, British Columbia V1H 1H2

0 beds
0 baths
107 days

Okanagan Landing building lot across the road from the lake! The Okanagan Landing neighbourhood has an incredible range of recreational amenities, is close to dining experiences and serves as the idyllic environment for a half-acre bare lot directly across from the waterfront. Bring your

House for sale: 1417 Copper Mountain Court, Vernon

76 photos

$1,199,000

1417 Copper Mountain Court, Vernon, British Columbia V1B 3Y7

4 beds
3 baths
56 days

Nestled in the highly sought-after Copper Mountain Court neighborhood, this beautifully updated 4-bedroom + den, 3-bathroom home offers the perfect blend of modern living and natural beauty. Expansive windows frame stunning panoramic views of two serene lakes and the twinkling city lights,

Darren Kroeker,Royal Lepage Downtown RealtyListed by: Darren Kroeker,Royal Lepage Downtown Realty
House for sale: 3011 26 Street, Vernon

50 photos

$589,000

3011 26 Street, Vernon, British Columbia V1T 4T9

4 beds
3 baths
14 days

HANDYMAN SPECIAL WITH SUITE & DEVELOPMENT POTENTIAL IN EAST HILL! Attention Investors and Savvy First Time Home Buyers—this is your chance to unlock serious potential in one of Vernon’s most sought-after neighbourhoods! This Solid East Hill Home has endless opportunities and is

Brandy De Bartolo,Re/max VernonListed by: Brandy De Bartolo,Re/max Vernon
Apartment for sale: 7343 Okanagan Landing Road Unit# 1218, Vernon

42 photos

$465,000

7343 Okanagan Landing Road Unit# 1218, Vernon (The Strand Lakeside Resort), British Columbia V1H 2J6

2 beds
2 baths
101 days

Discover your own slice of paradise in this stunning second-floor, 2-bedroom, 2-bathroom unit located in The Strand, lakefront development. The open concept living area seamlessly connects the kitchen and family room to the private deck, overlooking the manicured courtyard and out to the surrounding

Craig Demetrick,Re/max PriscillaListed by: Craig Demetrick,Re/max Priscilla
House for sale: 3815 21 Avenue, Vernon

40 photos

$750,000

3815 21 Avenue, Vernon, British Columbia V1T 6P7

5 beds
3 baths
40 days

This wonderful 5-bedroom family home features a great main floor layout with a large open concept living room, kitchen, dining room with direct access onto the large, covered deck, primary bedroom + ensuite bathroom, two bedrooms and a 4-piece main bathroom. The basement features a family

Doug Cuthbert,Re/max VernonListed by: Doug Cuthbert,Re/max Vernon
House for sale: 4702 20 Street, Vernon

25 photos

$1,919,000

4702 20 Street, Vernon, British Columbia V1T 4E5

6 beds
3 baths
24 days

Prime Redevelopment Opportunity in a Thriving Location! Seize this rare investment opportunity with an expansive 0.83-acre property, perfectly zoned MSH (Medium Scale Housing), offering incredible potential for redevelopment, multi-family housing projects, or long-term investment. Nestled

Edmer Gatchalian,Exp Realty (kelowna)Listed by: Edmer Gatchalian,Exp Realty (kelowna)
Apartment for sale: 3805 30th Avenue Unit# 305, Vernon

18 photos

$289,900

3805 30th Avenue Unit# 305, Vernon (Avenue West), British Columbia V1T 9M3

2 beds
2 baths
10 days

Popular Avenue West unit at an affordable price! This 55+ complex is located reasonably close to most amenities as well as only a short walk to the Schubert Seniors Center. Unit is on the quiet side of the building overlook the rear yard and the complex's gazebo/BBQ area. The unit could use

Listed by: Darcy Tarves,Royal Lepage Kelowna
House for sale: 2008 45 Avenue, Vernon

38 photos

$574,900

2008 45 Avenue, Vernon, British Columbia V1T 5P2

2 beds
2 baths
47 days

Great home in a fantastic, family-oriented area! This 2-Bedroom, 2-Bathroom home is a great retirement, starter or investment home! There is 1 spacious bedroom, 1 bath on the main level and the basement has a bedroom/rec room, another bathroom and plenty of storage! There's even a brand-new

Steve Bertram,Canada Flex Realty GroupListed by: Steve Bertram,Canada Flex Realty Group
House for sale: 2004 30 Avenue, Vernon

42 photos

$974,700

2004 30 Avenue, Vernon, British Columbia V1T 2A5

5 beds
3 baths
34 days

Vernon's East Hill is arguably one of the most sought-after well-established residential areas. Tucked away near the famous Crescent, this home is quiet and serene and is walking distance to Lakeview Park and Market. Significantly updated, this home features a practical addition, updated

Steve Onsorge,Coldwell Banker Executives RealtyListed by: Steve Onsorge,Coldwell Banker Executives Realty
Row / Townhouse for sale: 3909 30 Avenue Unit# 7, Vernon

42 photos

$599,900

3909 30 Avenue Unit# 7, Vernon (Cambria), British Columbia V1T 2G2

4 beds
4 baths
31 days

Beautiful newer 4 bed 3 1/2 bath family friendly townhome awaits. Great central location within walking distance to downtown and public transit. This multi level home opens into a bright main level flooded with natural daylight. On the main level you will find the living room, dining room

Other for sale: 4000 29 Street, Vernon

9 photos

$448,000

4000 29 Street, Vernon, British Columbia V1T 5B4

0 beds
0 baths
160 days

Excellent opportunity with this city lot ready for development. Located on newly revamped 29th Street this level lot is nestled amongst older homes and new infill projects. This lot features new City of Vernon zoning - MSH (Medium Scale Housing) which allows for large, medium or small multi

Apartment for sale: 3806 35 Avenue Unit# 311, Vernon

38 photos

$399,900

3806 35 Avenue Unit# 311, Vernon (Turtle Mountain Estates), British Columbia V1T 9N6

2 beds
2 baths
4 days

Spacious and stylish 2 bed, 2 bath third-floor unit in Turtle Mountain Estates! Fully updated in 2020, this move-in ready home features new vinyl plank flooring, fresh paint, refinished kitchen cabinets with, gleaming stainless steel appliances. The new gas fireplace adds warmth and charm

Craig Demetrick,Re/max PriscillaListed by: Craig Demetrick,Re/max Priscilla
Other for sale: 2525 Lakeshore Road Unit# Lot D, Vernon

9 photos

$2,875,000

2525 Lakeshore Road Unit# Lot D, Vernon, British Columbia V1H 1M9

0 beds
0 baths
10 days

Individual freehold development lots at this 16 acre Mixed Use waterfront village, listed separately. Multi-family and potential mixed-use lots available for purchase. 7 acres of parks, ponds and trail networks. 4 minute drive to elementary & Secondary School, 9 minutes to grocers. Resort

Manufactured Home for sale: 12560 Westside Road Unit# 77, Vernon

27 photos

$414,900

12560 Westside Road Unit# 77, Vernon, British Columbia V1H 1S9

3 beds
2 baths
53 days

This extremely well maintained 2010 built double-wide manufactured home has a single detached garage, two paved driveways, and space for an RV or boat! With three large bedrooms, and two full bathrooms, there is plenty of space for a family as this park has no age restrictions. Or, if you're

Other for sale: 2525 Lakeshore Road Unit# Lot C, Vernon

9 photos

$2,145,000

2525 Lakeshore Road Unit# Lot C, Vernon, British Columbia V1H 1M9

0 beds
0 baths
10 days

Individual freehold development lots at this 16 acre Mixed Use waterfront village, listed separately. Multi-family and potential mixed-use lots available for purchase. 7 acres of parks, ponds and trail networks. 4 minute drive to elementary & Secondary School, 9 minutes to grocers. Resort

Other for sale: 1801 48A Avenue, Vernon

5 photos

$2,900,000

1801 48a Avenue, Vernon, British Columbia V1Y 8B7

0 beds
0 baths
5 days

Prime residential development property in central Vernon. 2.14 acres mostly level, with mature trees and creek, would make a wonderful residential subdivision. R4 Zoning which allows small lot single detached housing - approximately 27 lots with community sewer. Preliminary plans in place

Row / Townhouse for sale: 4740 20 Street Unit# 22, Vernon

90 photos

$547,500

4740 20 Street Unit# 22, Vernon (Skyway Village), British Columbia V1T 9N7

2 beds
2 baths
14 days

A superior Skyway Village level entry townhome. No age restrictions but perfect for retirement or empty nest living. Surprisingly spacious 2 bedroom 2 bath home with attached double garage and level walkout to south facing rear yard . Nicely renovated and updated and shows very well. The kitchen

Don Defeo,Re/max VernonListed by: Don Defeo,Re/max Vernon
Other for sale: 2525 Lakeshore Road Unit# Lot E, Vernon

9 photos

$2,925,000

2525 Lakeshore Road Unit# Lot E, Vernon, British Columbia V1H 1M9

0 beds
0 baths
10 days

Individual freehold development lots at this 16 acre Mixed Use waterfront village, listed separately. Multi-family and potential mixed-use lots available for purchase. 7 acres of parks, ponds and trail networks. 4 minute drive to elementary & Secondary School, 9 minutes to grocers. Resort

Other for sale: 2525 Lakeshore Road Unit# Lot F, Vernon

9 photos

$3,850,000

2525 Lakeshore Road Unit# Lot F, Vernon, British Columbia V1H 1M9

0 beds
0 baths
10 days

Individual freehold development lots at this 16 acre Mixed Use waterfront village, listed separately. Multi-family and potential mixed-use lots available for purchase. 7 acres of parks, ponds and trail networks. 4 minute drive to elementary & Secondary School, 9 minutes to grocers. Resort

House for sale: 6226 Okanagan Avenue, Vernon

99 photos

$1,650,000

6226 Okanagan Avenue, Vernon, British Columbia V1H 1M1

5 beds
6 baths
92 days

Welcome to this Exceptional Multi-Residence, Multi-Generational, Investment Property located in the Picturesque Okanagan! Nestled on a Private and Secluded 1.11 acre parcel that backs onto Lush Green Space, this property offers the perfect blend of Tranquility and Convenience. It's centrally

Brandy De Bartolo,Re/max VernonListed by: Brandy De Bartolo,Re/max Vernon
House for sale: 4005 30 Avenue, Vernon

5 photos

$699,000

4005 30 Avenue, Vernon, British Columbia V1T 2G2

1 beds
2 baths
6 days

Land Assembly: Easy access property with multi unit development potential, close to downtown and recreation. The preference is to sell this property in conjunction with 4009 30 Avenue, Vernon BC V1T 2G2 PID 011-339-705 MLS 10343448, and 4007 30 Avenue, Vernon BC V1T 2G2 PID 013-631-110 MLS

Listed by: John Deak,Royal Lepage Downtown Realty
House for sale: 4134 Camelback Way, Vernon

70 photos

$1,225,000

4134 Camelback Way, Vernon, British Columbia V1T 9W4

4 beds
3 baths
20 days

Welcome to desirable Turtle Mountain! Come enjoy the beautiful unobstructed valley and lake views from this 4 bed/ 3 bath custom built home with in-law suite on a low maintenance lot. Main floor features large kitchen with gas range, Corian countertops, 9 ft eating bar and unique Zebra wood

House for sale: 7221 Silver Ridge Drive, Vernon

62 photos

$1,168,000

7221 Silver Ridge Drive, Vernon, British Columbia V1B 4C6

4 beds
4 baths
17 days

Unbeatable elevated views from the top of the Foothills! Welcome to 7221 Silver Ridge Drive. This exceptional property offers modern comforts, stunning surroundings, and easy access to BX Falls, BX Trail, the Grey Canal Trail and Silverstar Mountain. The open-concept design showcases expansive

Ben Szuuts,Re/max VernonListed by: Ben Szuuts,Re/max Vernon
Other for sale: 2525 Lakeshore Road Unit# Lot A, Vernon

9 photos

$5,450,000

2525 Lakeshore Road Unit# Lot A, Vernon, British Columbia V1H 1M9

0 beds
0 baths
10 days

Individual freehold development lots at this 16 acre Mixed Use waterfront village, listed separately. Multi-family and potential mixed-use lots available for purchase. 7 acres of parks, ponds and trail networks. 4 minute drive to elementary & Secondary School, 9 minutes to grocers. Resort

Other for sale: 0000 Bella Vista Road, Vernon

40 photos

$1,499,901

0000 Bella Vista Road, Vernon, British Columbia V1T 1V9

0 beds
0 baths
70 days

Welcome to a remarkable opportunity! Own a piece of paradise with zoning MUS - Multi-Unit Small Scale Housing, allowing 4 units per lot, 14 lots x 4 allowing 56 units in this Multi Family Opportunity. All required utilities are at lot line already for your convenience. Nestled in a prestigious

Nathan Sulz,Exp Realty (kelowna)Listed by: Nathan Sulz,Exp Realty (kelowna)
House for sale: 3908 21 Avenue, Vernon

36 photos

$679,900

3908 21 Avenue, Vernon, British Columbia V1T 6P8

5 beds
3 baths
25 days

Nestled in a family-friendly neighbourhood of Mission Hill, this charming home offers convenience, comfort and ample living space. With 5 bedrooms and 3 bathrooms, including a bright and spacious 2 bedroom plus den basement suite with shared laundry, this property is perfect for multi-generational

Tracy Danbrook,Royal Lepage Downtown RealtyListed by: Tracy Danbrook,Royal Lepage Downtown Realty
House for sale: 536 Falcon Point Way, Vernon

57 photos

$1,420,000

536 Falcon Point Way, Vernon (Predator Ridge), British Columbia V1H 1Y4

4 beds
4 baths
73 days

Beautifully designed custom-built home set in a very private, quiet area of Predator Ridge on Falcon Point Way. This fabulous home welcomes you in to enjoy quiet evenings alone or have fun while entertaining many guests. Open concept main floor living with well appointed kitchen/ dining/ living

Aj Eathorne,Coldwell Banker Executives RealtyListed by: Aj Eathorne,Coldwell Banker Executives Realty
House for sale: 7868 Wallace Road, Vernon

86 photos

$1,499,000

7868 Wallace Road, Vernon, British Columbia V1B 3N2

7 beds
5 baths
80 days

Nestled on 6.14 acres, 7868 Wallace Road is your amazing opportunity to own beauty in this expansive 7-bedroom, 4-bath home. Just like some private retreat it is just 15 minutes to Silverstar Ski Resort and 10 minutes to Village Green Mall. The main 4681 sq/ft home has been extensively renovated,

House for sale: 4009 30 Avenue, Vernon

3 photos

$499,000

4009 30 Avenue, Vernon, British Columbia V1T 2G2

3 beds
1 baths
6 days

Land Assembly: Easy access property with multi unit development potential, close to downtown and recreation. The preference is to sell this property in conjunction with 4007 30 Avenue, Vernon BC V1T 2G2 PID 011-339-705 MLS 10343441, and 4005 30 Avenue, Vernon BC V1T 2G2 PID 010-739-386 MLS

Listed by: John Deak,Royal Lepage Downtown Realty
Other for sale: 5500 Anderson Way, Vernon

5 photos

$6,446,000

5500 Anderson Way, Vernon, British Columbia V1T 0V2

0 beds
0 baths
282 days

2.93 flat acres zoned CMUB, Commercial Mixed Use: Business. Zoning allows for both Multi-family and commercial uses, including, but not limited to, hotels, liquor stores, health services, food and beverage, outdoor sales and service, vehicle support service and more. The site provides both

Rob Archibald,Royal Lepage KelownaListed by: Rob Archibald,Royal Lepage Kelowna
House for sale: 3008 26 Street, Vernon

47 photos

$629,900

3008 26 Street, Vernon, British Columbia V1T 4V1

5 beds
3 baths
4 days

Opportunity abounds for the savvy investor in the well located, low maintenance investment property. New multi use zoning allows for abundant mixed use including residential density. Home is made up of two suites. Main floor front is a 2 two bedroom 1 bath unit occupied by a good long term

House for sale: 4007 30 Avenue, Vernon

5 photos

$699,000

4007 30 Avenue, Vernon, British Columbia V1T 2G2

4 beds
2 baths
5 days

Land Assembly: Easy access property with multi unit development potential, close to downtown and recreation. The preference is to sell this property in conjunction with 4009 30 Avenue, Vernon BC V1T 2G2 PID 011-339-705 MLS 10343448, and 4005 30 Avenue, Vernon BC V1T 2G2 PID 010-739-386 MLS

Listed by: John Deak,Royal Lepage Downtown Realty
House for sale: 1016 Mt Begbie Drive, Vernon

62 photos

$1,190,000

1016 Mt Begbie Drive, Vernon, British Columbia V1B 4A2

4 beds
3 baths
34 days

Spacious Family Home with RV Parking & Rental Suite on Middleton Mountain Welcome to 1016 Mt Begbie Drive, Vernon, BC, a well-appointed 4-bedroom, 3-bathroom home offering stunning mountain views, ample parking, and a versatile layout. This home provides room for an RV, toy hauler, or multiple

Rick Latta,Coldwell Banker Executives RealtyListed by: Rick Latta,Coldwell Banker Executives Realty
Other for sale: 6141 Hwy 97 & 5975 Lefoy Road, Vernon

14 photos

$9,000,000

6141 Hwy 97 & 5975 Lefoy Road, Vernon, British Columbia V1B 3L6

0 beds
0 baths
10 days

Rare opportunity to acquire 23.8 acres next to Walmart anchored power retail centre. Provides economy of scale for vertical development, walkable to future park, transit & amenities plus lake views from upper benches. The property is directly across from major retailers like Walmart, Best

Row / Townhouse for sale: 1999 15 Avenue Unit# 9, Vernon

45 photos

$714,800

1999 15 Avenue Unit# 9, Vernon (Hillview Heights), British Columbia V1T 0C6

4 beds
4 baths
10 days

Shows 10/10! Welcome to this stunning 4 bedroom, 3.5 bathroom home located in the heart of East Hill—one of Vernon’s most established and family-friendly neighbourhoods. Just steps from VSS High School and minutes to downtown, this stylish home blends contemporary design with everyday

Johnathan Christmas,Royal Lepage Downtown RealtyListed by: Johnathan Christmas,Royal Lepage Downtown Realty
House for sale: 7074 Lakeridge Drive, Vernon

68 photos

$1,199,000

7074 Lakeridge Drive, Vernon, British Columbia V1H 1P3

5 beds
5 baths
13 days

This stunning 5 bedroom, 5 bathroom family home truly has it all offering the perfect blend of luxury, comfort, and unbeatable views of Okanagan Lake. Located in one of the most sought-after neighbourhoods just off Bella Vista, you’ll enjoy panoramic lake views where you can watch sailboats

Johnathan Christmas,Royal Lepage Downtown RealtyListed by: Johnathan Christmas,Royal Lepage Downtown Realty
Other for sale: Lot 1 39A Street, Vernon

4 photos

$350,000

Lot 1 39a Street, Vernon, British Columbia V1T 6J5

0 beds
0 baths
87 days

Rare 3,351 SF property with duplex redevelopment potential. This residential corner lot is zoned MSH – medium scale housing (max FAR 3.0) which would allow further densification of the property. This is a quiet and secluded area surrounded by single family homes and multi-family complexes,

Kris Mclaughlin,Re/max KelownaListed by: Kris Mclaughlin,Re/max Kelowna
House for sale: 2301 45 Avenue, Vernon

30 photos

$450,000

2301 45 Avenue, Vernon, British Columbia V1T 3N1

2 beds
2 baths
14 days

Filled to the brim with potential, this single-family home in desirable Harwood lends itself seamlessly to whatever your needs may be. Positioned on a generously sized corner lot, the 2-bedroom and 2-bathroom property is located close to schools and within a multi-family zoning, making it

Exploring Multi-Family Real Estate Opportunities in Vernon

Vernon, a picturesque city nestled in the Okanagan Valley of British Columbia, offers a unique blend of natural beauty and urban convenience. For those considering investing in multi-family properties, Vernon presents a compelling opportunity. This article delves into the various aspects of multi-family real estate in Vernon, including zoning regulations, resale potential, lifestyle appeal, and seasonal market trends.

Zoning Regulations: Understanding the Framework

Before diving into the multi-family market, it's crucial to understand the zoning regulations that govern property development in Vernon. The city has specific zones designated for multi-family dwellings, which include RM1, RM2, and RM3 zones. These zones dictate the type and density of housing that can be developed, ranging from duplexes to larger apartment complexes.

Investors should consult with local planning authorities to ensure compliance with zoning laws. This is particularly important if you're considering properties in areas like the Saint Albert or Cochrane regions, where zoning can vary significantly.

Resale Potential: A Lucrative Investment

Vernon's real estate market has shown consistent growth, making it an attractive option for investors seeking strong resale potential. The city's appeal lies in its balanced lifestyle offerings, from outdoor recreational activities to cultural events. This diverse appeal attracts a wide range of tenants, ensuring a steady demand for rental properties.

When evaluating resale potential, consider the property's location, amenities, and proximity to key attractions. Properties in areas like the Saskatoon and Cariboo Regional District have shown promising returns due to their strategic locations and community amenities.

Lifestyle Appeal: The Vernon Advantage

Vernon offers a unique lifestyle that combines the tranquility of nature with the vibrancy of city life. This lifestyle appeal is a significant factor for both investors and tenants. The city's proximity to lakes, ski resorts, and hiking trails makes it a haven for outdoor enthusiasts. Additionally, Vernon hosts numerous cultural festivals and events, enhancing its attractiveness as a residential destination.

Investors should consider properties that align with the lifestyle preferences of potential tenants. For instance, properties near recreational areas or cultural hubs, such as those in New Toronto or Shannon, are likely to attract a diverse tenant base.

Seasonal Market Trends: Timing Your Investment

The real estate market in Vernon, like many other regions, experiences seasonal fluctuations. Understanding these trends can help investors make informed decisions about when to buy or sell. Typically, the market sees increased activity during the spring and summer months, when the weather is favorable for property viewings and relocations.

However, savvy investors can also find opportunities during the off-peak seasons. For example, properties in the York Region and London areas may offer competitive pricing during the winter months, providing a chance to secure a property at a lower cost.

Comparative Insights: Learning from Other Markets

While focusing on Vernon, it's beneficial to draw insights from other multi-family markets across Canada. For instance, the Binbrook and Muskoka regions offer valuable lessons in managing seasonal demand and maximizing property appeal.

By comparing these markets, investors can identify best practices and strategies that can be applied to their Vernon investments. This comparative approach ensures a well-rounded understanding of the multi-family real estate landscape.