Vernon Multi-Family Properties for Sale

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Row / Townhouse for sale: 3502 24 Avenue Unit# 11, Vernon

38 photos

$389,000

3502 24 Avenue Unit# 11, Vernon (Vernon Creek Villas), British Columbia V1T 1L8

2 beds
2 baths
45 days

Level entry Rancher with 2 Bed, 2 Bath in the retirement 55+ community of Vernon Creek Villas. The heart of this residence is the stunning kitchen, where culinary dreams come to life. Gleaming white cabinetry, modern appliances, and a convenient island create an inspiring space for both everyday

Row / Townhouse for sale: 995 Mt. Ida Drive Unit# 12, Vernon

49 photos

$679,900

995 Mt. Ida Drive Unit# 12, Vernon (Eagle Ridge), British Columbia V1B 4C3

3 beds
3 baths
55 days

Not your average townhome, this Middleton Mountain end unit property was originally built as a show home and thus boasts a superb interior filled with thoughtful extras and well above average appointments. Built in 2009, the three-bedroom home offers a spacious double garage with great storage.

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
33 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

House for sale: 1612 33 Street, Vernon

39 photos

$699,999

1612 33 Street, Vernon, British Columbia V1T 5P7

3 beds
3 baths
12 days

Great opportunity and value for those looking for a mortgage helper or as an investment opportunity as zoned Multi-Unit - Medium Scale!!! This 3 Bedroom, 3 Bathroom home sits on a corner lot with alley access and has received multiple updates over the years. The large and bright eat in kitchen

House for sale: 4008 29 Street, Vernon

39 photos

$549,900

4008 29 Street, Vernon, British Columbia V1T 5B4

4 beds
2 baths
131 days

Come check out the possibilities offered in this 2 bed, 1 bath main floor suite, and 2 bed, 1 bath in-law suite downstairs. The units share a laundry on the enclosed back patio. If you choose, you could open up the stairs to the lower suite and turn it back into a 4 bed, 2 bath family home.

Row / Townhouse for sale: 1039 Mt. Fosthall Drive Unit# 9, Vernon

36 photos

$699,999

1039 Mt. Fosthall Drive Unit# 9, Vernon (The Pointe on Middleton), British Columbia V1B 2W2

3 beds
4 baths
58 days

This home is about to be 3 years old and still has that new home smell! Plus the full list of upgrades that were done when this home was built will surprise you because they thought of everything. From the extra insulation between floors to the vinyl flooring on the stairs so when you come

Apartment for sale: 7343 Okanagan Landing Road Unit# 1218, Vernon

42 photos

$485,000

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

2 beds
2 baths
10 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

Other for sale: 4000 29 Street, Vernon

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$448,000

4000 29 Street, Vernon, British Columbia V1T 5B4

0 beds
0 baths
69 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

Row / Townhouse for sale: 1400 14 Avenue Unit# 1, Vernon

25 photos

$499,900

1400 14 Avenue Unit# 1, Vernon, British Columbia V1B 2S8

2 beds
2 baths
157 days

This 55+ townhouse is a cozy yet spacious 1,481-square-foot home, designed with comfort and convenience in mind. Upon entering, you're greeted by an open concept living area that feels bright and airy, with lots of natural light. The living room seamlessly transitions into the dining area,

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
75 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

Other for sale: 5000 20 Street, Vernon

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$2,890,000

5000 20 Street, Vernon, British Columbia V1T 4E8

0 beds
0 baths
160 days

Residential development property in Vernon's North end. Flat .94 acre property that is ripe for development. Currently zoned MSH (Medium Scale Housing), which allows for a range of medium scale housing development up to 8 storeys in height, in the form of multi-unit housing in developing and

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
16 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

Row / Townhouse for sale: 1400 14 Avenue Unit# 73, Vernon

33 photos

$509,900

1400 14 Avenue Unit# 73, Vernon (Ironwood), British Columbia V1B 2S9

2 beds
2 baths
76 days

Nestled within the sought-after Ironwood 55+ complex, this corner townhouse is a fantastic opportunity for those seeking an easy-to-maintain home. This home offers a spacious semi-open concept, an updated kitchen and rooms that feel open and airy thanks to all the windows that overlook the

House for sale: 3413 24 Avenue, Vernon

45 photos

$599,900

3413 24 Avenue, Vernon, British Columbia V1T 1L7

4 beds
2 baths
49 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

House for sale: 2100 27 Crescent, Vernon

79 photos

$734,900

2100 27 Crescent, Vernon, British Columbia V1T 1R6

5 beds
3 baths
39 days

Popular Easthill neighbourhood offers a great family home on a quiet street conveniently close to schools, parks, Kalamalka Lake, and a short drive to all Vernon amenities. Featuring a generous sized fenced yard accommodating a great space for both kids and pets to play. Enjoy an impressive

House for sale: 3405 33 Avenue, Vernon

33 photos

$499,900

3405 33 Avenue, Vernon, British Columbia V1T 2P2

2 beds
1 baths
131 days

Located in one of the BEST neighbourhoods in Downtown Vernon! This charming character house has huge potential for the first-time home buyer in its unfinished spaces (814 Sq Ft). This home comes with a large fully-fenced backyard and an unfinished basement with a SEPARATE entrance just waiting

Row / Townhouse for sale: 7670 Okanagan Landing Road Unit# 2, Vernon

9 photos

$889,900

7670 Okanagan Landing Road Unit# 2, Vernon (BRIBANK), British Columbia V1H 1G9

3 beds
3 baths
131 days

This brand new luxury townhouse unit features a large, beautiful strata garden and a gorgeous lake view from the huge 554sqft terrace. The smart home design offers a spacious layout with 3 bedrooms, 3 bathrooms, and 1 flex room. The modern style design includes quartz countertops, vinyl flooring,

Other for sale: 5500 Anderson Way, Vernon

5 photos

$6,446,000

5500 Anderson Way, Vernon, British Columbia V1T 0V2

0 beds
0 baths
191 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

Other for sale: 0000 Bella Vista Road, Vernon

42 photos

$1,499,900

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

0 beds
0 baths
155 days

Welcome to a remarkable opportunity! Own a piece of paradise with zoning soon to be 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

House for sale: 3417 15 Avenue, Vernon

56 photos

$795,000

3417 15 Avenue, Vernon, British Columbia V1T 1A2

5 beds
3 baths
11 days

This stunning 5-bedroom, 2.5-bathroom home has been beautifully renovated between late 2019 and early 2020, offering modern finishes and exceptional design throughout. The main level features three spacious bedrooms, including a primary bedroom with a convenient two-piece ensuite. The open-concept

House for sale: 4009 30 Avenue, Vernon

8 photos

$514,900

4009 30 Avenue, Vernon, British Columbia V1T 2G2

3 beds
1 baths
181 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 4005 30 Avenue, Vernon BC V1T 2G2 PID 010-739-386 MLS 10267961, and 4007 30 Avenue, Vernon BC V1T 2G2 PID 013-631-110 MLS

House for sale: 6576 Southwind Road, Vernon

21 photos

$799,999

6576 Southwind Road, Vernon, British Columbia V1H 1B7

5 beds
3 baths
77 days

This stunning 4 bed, 3 bath, 3,511 sq ft ranch with a basement, ideal for families or investors alike. Located on a expansive 11,000 sq ft lot, the home features a separate 1-bed plus den suite, perfect for rental income or multi-generational living. Recent updates include new windows, Hardie

House for sale: 6226 Okanagan Avenue, Vernon

99 photos

$1,650,000

6226 Okanagan Avenue, Vernon, British Columbia V1H 1M1

5 beds
6 baths
1 day

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

House for sale: 4005 30 Avenue, Vernon

9 photos

$739,900

4005 30 Avenue, Vernon, British Columbia V1T 2G2

1 beds
2 baths
181 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 10267962, and 4007 30 Avenue, Vernon BC V1T 2G2 PID 013-631-110 MLS

House for sale: 4904 Valleyview Place, Vernon

49 photos

$995,000

4904 Valleyview Place, Vernon, British Columbia V1T 9L6

5 beds
4 baths
193 days

""Are you looking for the perfect family home with plenty of space & stunning views? This fabulous property boasts 3 bedrooms on the main floor, plus a 2-bedroom in-law suite below, perfect for multi-generational living. The open-concept main floor features a spacious kitchen with an abundance

House for sale: 1460 Copper Mountain Court, Vernon

58 photos

$1,779,900

1460 Copper Mountain Court, Vernon, British Columbia V1B 3Y7

6 beds
5 baths
139 days

For more information, please click on Brochure button below. Welcome to this dream family home, nestled at the end of a peaceful cul-de-sac. This spacious walkout rancher is ideal for large families or multi-generational living, offering ample space for everyone to enjoy without compromising

Row / Townhouse for sale: 83 Peregrine Way Unit# 6, Vernon

76 photos

$599,000

83 Peregrine Way Unit# 6, Vernon (Peregrine Point Estates), British Columbia V1H 1E9

3 beds
2 baths
83 days

Listed well below the assessed value of $742,000. which makes this townhome arguably the best value in the marketplace! Located in Peregrine Estates this 2/3 bedroom town home is perfect for the couple or individual looking for solitude and peacefulness away from the hustle bustle of city

House for sale: 1209 25 Avenue, Vernon

18 photos

$429,000

1209 25 Avenue, Vernon, British Columbia V1T 7L5

2 beds
2 baths
11 days

Welcome to the charm of East Hill. This cottage-like home has original hardwood floors and a clawfoot bathtub. A Fixer with ideal layout with 2 bedrooms, 2 bathrooms, and a loft. Enjoy your morning coffee or a glass of vino in the evening while watching the sunset on the front deck. Offering

Other for sale: 116 Sunset Boulevard, Vernon

8 photos

$875,000

116 Sunset Boulevard, Vernon (Beverly Hills Estates), British Columbia V1H 1T7

0 beds
0 baths
110 days

Discover the ideal setting to build your dream home in the gated community of Beverly Hills Estates. This 1.03-acre hillside lot offers stunning views of Okanagan Lake, the surrounding mountains, and award-winning equestrian stables. Just 10 minutes from downtown Vernon and only 15 minutes

House for sale: 6325 Old Kamloops Road, Vernon

67 photos

$2,325,000

6325 Old Kamloops Road, Vernon, British Columbia V1H 1P8

5 beds
4 baths
55 days

Welcome to your dream home, set on 12.86 acres of beautiful ALR land with spectacular views of Swan Lake. Just minutes from downtown Vernon, this expansive over 3,500 sq. ft. property offers a perfect mix of rural charm and modern luxury, ideal for multi-generational living or generating rental

House for sale: 10718 Pinecrest Road, Vernon

54 photos

$850,000

10718 Pinecrest Road, Vernon, British Columbia V1H 2C1

6 beds
4 baths
123 days

Welcome to 10718 Pinecrest, an expansive 6-bed, 4-bath turn-key home nestled between Vernon and Kelowna, designed for growing families or professionals seeking both space and comfort. This 3,600 sq. ft. suited home offers a fantastic mortgage helper or in-law suite, making it ideal for multi-generational

House for sale: 1029 Longacre Place, Vernon

54 photos

$1,720,000

1029 Longacre Place, Vernon, British Columbia V1H 1H7

5 beds
5 baths
9 days

This gorgeous custom-designed home offers sweeping Lake & Mountain views, blending luxury & comfort with remarkable outdoor living spaces. Spend summers in the heated saltwater pool overlooking the lake, or enjoy cooler nights by the outdoor gas fireplace & private hot tub. Inside, the grand

Apartment for sale: 212 898 Vernon Ave, Saanich

30 photos

$549,900

212 898 Vernon Ave, Saanich (Chelsea Green), British Columbia V8X 2W6

2 beds
2 baths
55 days

Chelsea Green is a superbly located complex with a myriad of amenity and convenience all within walking distance. Discover the charm of this spacious two bedroom, two full bath condominium spanning 1021'. This thoughtfully designed home features a generous primary bedroom with a walk-in

Other for sale: 2600 KAML VERNON Highway, Kamloops

85 photos

$4,800,000

2600 Kaml Vernon Highway, Kamloops, British Columbia V0E 2M0

4 beds
4 baths
80 days

Imagine your family living in harmony on a 1/4 section (160 acres) within an 833-acre parcel of crown-leased land, just minutes from Kamloops. This property, designed for multi-family living, offers three homes: a modern main house with full smart home automation, a cozy pan abode log home

House for sale: 12390 ORMOND ROAD, North Dundas

39 photos

$875,000

12390 Ormond Road, North Dundas (707 - North Dundas (Winchester) Twp), Ontario K0C 2K0

4 beds
2 baths
20 days

County Road 31 South of Vernon. Left on Ormond Road. Property on the right. This remarkable property, set on 1.42 acres in a peaceful country setting, has been thoughtfully updated with high-quality finishes. From the custom walnut front door to the expansive Trek composite deck and durable

Other for sale: 2232 Heitman Street, Enderby

1 photos

$259,000

2232 Heitman Street, Enderby, British Columbia V0E 1V2

0 beds
0 baths
131 days

Unique Opportunity to build a Vacation Home or an Investment Property in North Okanagan! This fully serviced lot is located in a Newer Subdivision in Enderby, BC. This Lot is zoned R-2 which is Residential zoning, Multi Housing options like Duplex etc. possible (Please check with the City

Other for sale: 2216 Heitman Street, Enderby

1 photos

$259,900

2216 Heitman Street, Enderby, British Columbia V0E 1V2

0 beds
0 baths
132 days

Unique Opportunity to build a Vacation Home or an Investment Property in North Okanagan! This fully serviced lot is located in a Newer Subdivision in Enderby, BC. This Lot is zoned R-2 which is Residential zoning, Multi Housing options like Duplex etc. possible (Please check with the City

House for sale: 3602 Mabel Lake Road Unit# 5, Lumby

50 photos

$298,000

3602 Mabel Lake Road Unit# 5, Lumby, British Columbia V0E 2G6

2 beds
1 baths
14 days

Prime location on one of the Okanagan's premier lakes. This rustic little cabin will take you back to your own childhood at the lake. With plenty of charm, this cabin has an open floor plan with functional kitchen, living room and eating area, and a full width deck overlooking the lake. Your

House for sale: 16621 Maki Road, Lake Country

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$990,000

16621 Maki Road, Lake Country, British Columbia V4V 2H2

4 beds
2 baths
81 days

Nestled within the prestigious Carrs Landing area of Lake Country, this 4-bedroom, 2-bathroom home offers serene lake views on a generous 0.21 acre lot with an Inlaw suite perfectly suited for a Short Term Rental. Upon arrival, you're welcomed by a spacious concrete driveway leading to a nicely

House for sale: 239 Stepping Stone Crescent, Spallumcheen

48 photos

$1,475,000

239 Stepping Stone Crescent, Spallumcheen, British Columbia V1H 1X2

3 beds
2 baths
55 days

Perched on the ridge between Okanagan Lake and Swan Lake is a pivate, manicured 2.3 acre plot, with a ‘west coast style’ 3200 sq ft home and tree farm. Designed to maximize the view from every room, this multi-level, architecturally designed home is flooded with light and warmth.

Exploring the Multi-Family Housing Market in Vernon

The real estate market in Vernon, British Columbia, is experiencing a significant transformation, with a growing interest in multi-family housing. This trend is not unique to Vernon; it reflects a broader shift across Canada, where multi-family properties are becoming increasingly popular. This article delves into the dynamics of the multi-family housing market in Vernon, highlighting its potential and comparing it with other regions.

The Rise of Multi-Family Housing

Multi-family housing refers to residential buildings that accommodate more than one family unit. These properties can range from duplexes and triplexes to larger apartment complexes. The appeal of multi-family housing lies in its ability to provide affordable living options while maximizing land use efficiency. In Vernon, this type of housing is gaining traction as more people seek cost-effective and community-oriented living arrangements.

Vernon's Unique Appeal

Vernon offers a unique blend of urban amenities and natural beauty, making it an attractive location for families and investors alike. The city's strategic location in the Okanagan Valley provides residents with access to stunning landscapes, recreational activities, and a vibrant cultural scene. These factors contribute to the growing demand for multi-family housing in the area.

Comparative Analysis with Other Regions

To understand Vernon's multi-family housing market better, it's essential to compare it with other regions in Canada. For instance, the multi-family market in Nelson offers a different perspective, with its focus on sustainable living and community engagement. Similarly, the Toronto multi-family market is characterized by high demand and competitive pricing, driven by the city's status as a major economic hub.

In Alberta, the Mill Woods Town Centre in Edmonton showcases a diverse range of multi-family properties, catering to a wide demographic. Meanwhile, the Lethbridge market emphasizes affordability and accessibility, appealing to both young families and retirees.

Investment Opportunities in Vernon

Investors are increasingly eyeing Vernon for its promising multi-family housing opportunities. The city's growing population and economic development create a favorable environment for real estate investments. Additionally, the relatively lower property prices compared to larger cities make Vernon an attractive option for investors seeking high returns.

In comparison, the Thunder Bay market offers a more stable investment climate, with steady demand and moderate growth. On the other hand, the Grandview area in Vancouver presents a dynamic market with significant potential for appreciation, albeit with higher entry costs.

Challenges and Considerations

While the multi-family housing market in Vernon presents numerous opportunities, it also comes with its challenges. Zoning regulations, construction costs, and market competition are critical factors that investors and developers must consider. Additionally, understanding the local demand and demographic trends is crucial for making informed investment decisions.

In Ontario, the York area in Toronto faces similar challenges, with stringent zoning laws and high construction costs. Conversely, the Guelph market offers a more relaxed regulatory environment, making it easier for developers to navigate the complexities of multi-family housing projects.

Future Prospects

The future of multi-family housing in Vernon looks promising, with continued growth expected in the coming years. The city's commitment to sustainable development and community planning will likely drive further interest in multi-family properties. As more people recognize the benefits of this housing model, Vernon is poised to become a leader in the multi-family housing sector.

In the nation's capital, the Ottawa market is also experiencing growth, with a focus on integrating multi-family housing into urban planning initiatives. Similarly, the Newmarket area is seeing increased interest in multi-family developments, driven by its proximity to Toronto and its appeal as a suburban alternative.