Versatile income property in a prime Vernon location with development potential. Just minutes from downtown, shops, restaurants, and transit, this 5-bedroom home offers excellent flexibility for both investors and homeowners. With tenants currently in place upstairs and down, it’s a solid holding property with immediate income, currently generating $4,125 per month in rental revenue.
The main level features 3 bedrooms and 1 bathroom, while the fully self-contained lower suite offers 2 bedrooms, 1 bathroom, and its own laundry. There is also potential to add a 6th bedroom downstairs with the installation of a window, creating additional value and flexibility.
The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water tank updated in 2022. The basement has been renovated with updated flooring, trim, doors, and bathroom, and includes a newer dishwasher. Plumbing has been upgraded to PEX, and the backyard is wired for a hot tub with additional electrical roughed into the detached garage.
Zoned MSH (Medium Scale Housing), this property also presents future development potential, making it an attractive option for those looking to invest in a growing area. Whether you're looking for a rental property or a home with a mortgage helper, this is a strong opportunity in a highly convenient location.
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Zillow last checked:
Listing updated:
Listed by:
Jordan Ellams,
Coldwell Banker Executives Realty,
Joel Ellams,
Coldwell Banker Executives Realty
Source: Association of Interior REALTORS,MLS®#: 10385213Originating MLS®#: Association of Interior REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Level: Main
Area: 133.88 Square Feet
Dimensions: 12.75x10.50
Bedroom
Level: Basement
Area: 184 Square Feet
Dimensions: 11.50x16.00
Bedroom
Level: Basement
Area: 81 Square Feet
Dimensions: 9.00x9.00
Bedroom
Level: Main
Area: 95.33 Square Feet
Dimensions: 8.67x11.00
Bedroom
Level: Main
Area: 123 Square Feet
Dimensions: 12.00x10.25
Den
Level: Basement
Area: 104.5 Square Feet
Dimensions: 11.00x9.50
Dining room
Level: Main
Area: 108 Square Feet
Dimensions: 12.00x9.00
Other
Features: Four Piece Bathroom
Level: Main
Area: 57.38 Square Feet
Dimensions: 8.50x6.75
Other
Features: Four Piece Bathroom
Level: Basement
Area: 34.38 Square Feet
Dimensions: 6.25x5.50
Kitchen
Level: Basement
Dimensions: 7.50x9.00
Kitchen
Level: Main
Area: 203.13 Square Feet
Dimensions: 12.50x16.25
Laundry
Level: Basement
Area: 90 Square Feet
Dimensions: 8.00x11.25
Living room
Level: Basement
Dimensions: 23.50x9.00
Living room
Level: Main
Area: 144 Square Feet
Dimensions: 12.00x12.00
Heating
Forced Air, Natural Gas
Cooling
Central Air
Features
Den, Kitchen Island
Flooring: Laminate, Tile
Basement: Full,Finished
Number of fireplaces: 1
Interior area
Total interior livable area: 2,297 sqft
Finished area above ground: 1,209
Finished area below ground: 1,088
Property
Parking
Total spaces: 5
Parking features: Detached, Garage
Garage spaces: 1
Uncovered spaces: 4
Features
Levels: One
Stories: 1
Pool features: None
Fencing: Fenced
Lot
Size: 5,227 Square Feet
Dimensions: 41.00 x 122.00
Details
Parcel number: 012309672
Zoning: MSH
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence
Materials
Stucco, Vinyl Siding, Wood Frame
Foundation: Concrete Perimeter
Roof: Asphalt,Shingle
Condition
New construction: No
Year built: 1959
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Security: Security System
HOA
Has HOA: No
Location
Region: Vernon
Financial & listing details
Price per square foot: C$307/sqft
Annual tax amount: C$4,087
Date on market: 4/28/2026
Cumulative days on market: 78 days
Ownership: Freehold,Fee Simple
Jordan Ellams
Jordan Ellams
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