1801 48A Avenue
Vernon, BC V1Y8B7
$2,895,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 2.14 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,916
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10386949
- Listed
- May 16, 2026
- Time on market
- On the market for 108 days
- Data last synced
- August 28, 2026
Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.
Description
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 for either multi family or single family layouts - 3 low rise buildings with 93 units (with rezoning) or phased strata development with 29 units. Great location just off road to Silverstar with short drive to shopping and amenities. (id:63159)
Location Insights
Weather
18°C
—
Humidity 66%
Wind ESE 16 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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
30
5/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 613 m |
| Harwood Elementary | Elementary | 746 m |
| W.L. Seaton Secondary | Secondary | 1.5 km |
| Silver Star Elementary | Elementary | 1.7 km |
| Alexis Park Elementary | Elementary | 2.0 km |
| Ecole Beairsto Elementary | Elementary | 2.0 km |
| B X Elementary | Elementary | 2.4 km |
| St James(Independent) | Elementary | 2.5 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.
Nearby Places
Restaurants (2)
- C-Lovers Fish & Chips735 m
- 27th Street Grille1774 m
Grocery (1)
- Butcher Boys132 m
Parks (3)
- Unnamed271 m
- N'Kwala Park · 5440 MacDonald Road587 m
- BX Creek Natural Wetland617 m
Shopping (1)
- Walmart681 m
Gyms (1)
- World Health and Fitness · 4801 27 Street757 m
Nearby places data: © OpenStreetMap contributors.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($579,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.