Property Type: Condo / ApartmentOwnership: Strata

2555 Lakeshore Road Unit# 316

Vernon, BC V1H0A4

$288,880

0 bed1 bath1 parking332 sqftBuilt 2021
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Amenities

Also listed: Laundry Facility

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$279/mo
Annual property tax
$1,376.01

Interior

Heating
Electric, Other
Cooling / A/C
Wall unit, See Remarks
Fireplace
None

Exterior & Lot

Pool
Outdoor pool

Parking

Total spaces
1

Restrictions & Policies

Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Bedroom - BachelorMain level14'6'' x 21'2''
3pc BathroomMain level4'6'' x 7'3''

Listing Information

MLS®
10381269
Listed
April 1, 2026
Time on market
On the market for 152 days
Data last synced
August 28, 2026

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

Description

Just steps to the park and beach! Vita is that turn-key property you’ve been looking for, move-in ready and fully rentable, in an unbeatable, practically lakeside location. This is one of only eight corner units in the building and one of the few that features a balcony, offering additional windows, more natural light, and a noticeably brighter, more open feel. With no neighbour on one side, the layout feels more private and spacious while staying connected to the outdoor surroundings. This studio is an extremely versatile investment, ideal as a starter or retirement home, vacation retreat, student housing, or revenue property, with proven rental income. Located just steps from the Vernon Yacht Club and marina, and across the street from beaches and Lakeshore Park. The complex offers an outdoor pool, BBQ area, pickleball court, small gym, assigned storage locker, and electric vehicle charging. One block to Marshall Park, dog park, and disc golf. No age restrictions, and up to two pets allowed (25 lb weight limit). Most furnishings negotiable, excluding select personal items. (id:63159)

Values & Trends

This listing

$870/sqft

Building average

$805/sqft

6 active listing(s)

City of Vernon average

$340/sqft

31 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

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 ElementaryElementary409 m
Ellison ElementaryElementary2.2 km
Clarence Fulton SecondaryElementary2.5 km
Mission Hill ElementaryElementary4.4 km
Alexis Park ElementaryElementary5.7 km
St James(Independent)Elementary5.8 km
Ecole Beairsto ElementaryElementary6.0 km
Kidston ElementaryElementary6.3 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)

  • Lakeshore Park177 m
  • Lakers Park335 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,444) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$231,104.00
Periodic payment — Principal & Interest (monthly)$1,491.00
Additional monthly expenses (strata, tax, utilities, etc.)$410.53
Total monthly cost$1,901.53
Interest paid over 5-yr term$66,235.07
Balance at end of term$207,878.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,444
Stress test qualifying rate8.09%
Payment you must qualify for$2,110.32

Cash Needed at Closing

Minimum down payment$14,444
Estimated BC PTT$3,778
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,722

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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