Property Type: Condo / ApartmentOwnership: Freehold / Strata

1041 Middleton Way Unit# 107 Lot# 7

Vernon, BC V1B2N3

$324,000

2 bed1 bath1 parking764 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Freehold / Strata
Strata / maintenance fee
$362/mo
Annual property tax
$1,659.8

Maintenance Fee Includes

WaterGarbageManagement

Also included: Ground Maintenance, Other, See Remarks, Sewer

Interior

Basement
Crawl space
Heating
Baseboard heaters, Electric
Cooling / A/C
Wall unit
Fireplace
None
Flooring
Laminate, Carpeted

Exterior & Lot

Exterior features
Vinyl siding

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Stall, Additional Parking

Room Dimensions

RoomLevelDimensions
StorageBasement37'0'' x 20'0''
4pc BathroomMain level9'8'' x 4'10''
KitchenMain level8'7'' x 13'11''
BedroomMain level12'5'' x 9'1''
Dining roomMain level8'7'' x 10'2''
Laundry roomMain level9'2'' x 4'11''
Primary BedroomMain level11'3'' x 9'7''
Living roomMain level11'8'' x 16'10''

Listing Information

MLS®
10382466
Listed
April 8, 2026
Time on market
On the market for 145 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon · Data source: CREA DDF.

Description

Great opportunity for investors and first-time buyers! This clean, move-in ready 2 bedroom, 1 bathroom ground-floor unit offers comfort, convenience, and value. Well cared for and owner-occupied, this unit faces the quiet back of the building, providing a more private and peaceful setting. Many updates have been completed, including updated windows and replaced flooring, vinyl plank throughout the living dining kitchen areas and carpeting in the bedrooms. Enjoy a semi-private patio overlooking the back of the complex. Level entry with just one step makes access easy. The unit also includes a 6-foot crawlspace, offering excellent additional storage. Updated stainless steel kitchen appliances complete this well-rounded home. Pet restrictions: 1 dog or 1 cat, maximum 20"" at shoulder and strata approved. No dangerous breeds. (id:63159)

Values & Trends

This listing

$424/sqft

Building average

$302/sqft

2 active listing(s)

Middleton Mountain Vernon average

$400/sqft

2 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

16°C

Humidity 69%

Wind ESE 14 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

44,519

(2021 Census)

+11% since 2016

Density: 461.7/km²

Dwellings: 21,287

Median household income: $73,500

After-tax: $66,500

Immigrant population: 12.4%

Top countries of origin (% of total population)

  • United Kingdom2.3% · 1,030
  • Germany1.2% · 550
  • United States of America1% · 450
  • India0.8% · 355
  • Philippines0.7% · 315
  • Netherlands0.6% · 270
  • Poland0.3% · 150
  • South Africa, Republic of0.3% · 125

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Alternative Learning ProgramSecondary589 m
Vernon SecondaryElementary1.1 km
Hillview ElementaryElementary1.3 km
St James(Independent)Elementary1.8 km
Silver Star ElementaryElementary2.2 km
Mission Hill ElementaryElementary2.2 km
Ecole Beairsto ElementaryElementary2.2 km
Kidston ElementaryElementary2.8 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($16,200) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$259,200.00
Periodic payment — Principal & Interest (monthly)$1,672.27
Additional monthly expenses (strata, tax, utilities, etc.)$538.53
Total monthly cost$2,210.80
Interest paid over 5-yr term$74,287.47
Balance at end of term$233,151.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$16,200
Stress test qualifying rate8.09%
Payment you must qualify for$2,366.87

Cash Needed at Closing

Minimum down payment$16,200
Estimated BC PTT$4,480
Legal / closing costs (typical estimate)$1,500
Total cash needed$22,180

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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