Property Type: Detached HouseOwnership: Leasehold

205 Falcon Avenue

Vernon, BC V1H2A1

$469,900

2 bed2 bath2 parking1,860 sqftBuilt 2011
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Property Details

Property & Lot

Sub-type
House
Stories
1
Frontage
46 feet

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Strata / maintenance fee
$469/mo
Annual property tax
$1,700

Interior

Basement
Crawl space
Heating
Heat Pump, Baseboard heaters, Electric
Cooling / A/C
Heat Pump
Fireplace
Yes (1)
Fireplace type
Insert
Flooring
Vinyl

Exterior & Lot

Exterior features
Wood siding
View
Mountain view, View (panoramic)

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
2 — uncovered indicated
Features
Additional Parking

Room Dimensions

RoomLevelDimensions
3pc Ensuite bathMain level8'0'' x 8'4''
OtherMain level5'0'' x 6'4''
Primary BedroomMain level16'2'' x 11'10''
4pc BathroomMain level8'0'' x 8'4''
BedroomMain level10'8'' x 12'0''
Family roomMain level22'0'' x 21'6''
Laundry roomMain level6'8'' x 10'8''
OfficeMain level7'7'' x 9'9''
Living roomMain level15'2'' x 24'5''
KitchenMain level11'11'' x 11'7''
Dining roomMain level11'11'' x 8'6''

Listing Information

MLS®
10364338
Listed
October 1, 2025
Time on market
On the market for 334 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

Welcome to your perfect downsize—where quality, space, and lifestyle come together beautifully. This immaculate 2 bedroom (plus Office), 2 bathroom home offers 1,860 square feet of thoughtfully designed living space with a registered lease to 2056. The open-concept layout features easy care flooring throughout and flows effortlessly from room to room. The kitchen boasts plenty of counter space, modern finishes, and stainless steel appliances—perfect for preparing meals and entertaining. The bright living room provides ample space to relax, while the master bedroom easily accommodates a king-sized bed and includes an en-suite for added privacy and convenience. Spacious enough to live comfortably, yet perfectly sized to keep life simple—this home strikes that ideal balance downsizers dream of. Clean, contemporary finishes give it that move-in-ready appeal, so you can settle in and start living your best lakeside life right away. Nestled in a quiet, highly desirable community where residents truly love calling home, you'll enjoy access to stunning Lake Okanagan waterfront, including a private beach and boat launch. Whether you're launching the boat on a summer morning or simply soaking in the beauty of Okanagan living, this location delivers the lifestyle you've been working toward. The lease runs until 2056 with a monthly lease fee of just $469, offering long-term peace of mind and exceptional value. This is downsizing done right—less to manage, more to enjoy. Welcome home. (id:63159)

Values & Trends

This listing

$253/sqft

Building average

No other active listings in this building

Okanagan North average

$299/sqft

41 active listing(s)

Parking: 2 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 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

SchoolTypeDistance
Okanagan Landing ElementaryElementary7.4 km
Ellison ElementaryElementary9.7 km
Clarence Fulton SecondaryElementary10.1 km
Mission Hill ElementaryElementary12.0 km
Alexis Park ElementaryElementary12.9 km
St James(Independent)Elementary13.3 km
Ecole Beairsto ElementaryElementary13.5 km
Kidston ElementaryElementary13.6 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

Parks (2)

  • Unnamed450 m
  • Unnamed652 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$375,920.00
Periodic payment — Principal & Interest (monthly)$2,425.31
Additional monthly expenses (strata, tax, utilities, etc.)$703.67
Total monthly cost$3,128.97
Interest paid over 5-yr term$107,739.75
Balance at end of term$338,141.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,432.70

Cash Needed at Closing

Minimum down payment$23,495
Estimated BC PTT$7,398
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,393

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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