Property Type: Detached HouseOwnership: Leasehold

206 Falcon Avenue

Vernon, BC V1H2A1

$274,900

3 bed2.5 bath4 parking1,008 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.08 acres
Frontage
46 feet

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$199.3

Interior

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

Exterior & Lot

Exterior features
Other
View
Mountain view

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
4 — uncovered indicated
Features
Additional Parking

Room Dimensions

RoomLevelDimensions
BedroomMain level8'5'' x 11'4''
4pc BathroomMain level9'5'' x 7'8''
BedroomMain level9'9'' x 11'3''
2pc Ensuite bathMain level3'11'' x 3'10''
Primary BedroomMain level13'10'' x 11'3''
Dining roomMain level7'0'' x 11'3''
KitchenMain level10'10'' x 11'3''
Living roomMain level16'1'' x 11'8''

Listing Information

MLS®
10374278
Listed
January 29, 2026
Time on market
On the market for 214 days
Data last synced
August 28, 2026

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

Description

Discover comfortable, modern living in Parker Cove, a leasehold lakeside community on Okanagan Lake just a short drive from Vernon, BC. This beautifully updated rancher offers 3 bedrooms and 1.5 bathrooms, ideal for relaxed main-floor living. Step inside to bright, inviting spaces featuring updated flooring and fresh paint throughout, with convenient laundry on the main level. A full crawlspace provides excellent additional storage, perfect for seasonal items and extra belongings. The private primary bedroom features double doors that open directly to your backyard patio, creating seamless indoor-outdoor living. The outdoor space includes a lovely patio area wired for a hot tub, ideal for summer evenings and entertaining. Upgrades include updated plumbing, a 200 amp electrical panel, and air conditioning for year-round comfort. The lease is in place until 2043. Enjoy everything Parker Cove offers; from beach access and boating on Okanagan Lake to a relaxed community atmosphere, making this home well suited for full-time living or seasonal enjoyment. (id:63159)

Values & Trends

This listing

$273/sqft

Building average

No other active listings in this building

Okanagan North average

$298/sqft

41 active listing(s)

Parking: 4 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 ElementaryElementary7.2 km
Ellison ElementaryElementary9.5 km
Clarence Fulton SecondaryElementary9.8 km
Mission Hill ElementaryElementary11.8 km
Alexis Park ElementaryElementary12.6 km
St James(Independent)Elementary13.0 km
Ecole Beairsto ElementaryElementary13.2 km
W.L. Seaton SecondarySecondary13.3 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)

  • Unnamed293 m
  • Unnamed426 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$219,920.00
Periodic payment — Principal & Interest (monthly)$1,418.85
Additional monthly expenses (strata, tax, utilities, etc.)$66.61
Total monthly cost$1,485.46
Interest paid over 5-yr term$63,029.70
Balance at end of term$197,818.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,745
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.19

Cash Needed at Closing

Minimum down payment$13,745
Estimated BC PTT$3,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,743

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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