Property Type: Condo / ApartmentOwnership: Strata

2555 Lakeshore Road Unit# 406

Vernon, BC V1H1M9

$275,000

0 bed1 bath1 parking335 sqftBuilt 2021
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Amenities

Also listed: Racquet Courts

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$282/mo
Annual property tax
$1,374.35

Maintenance Fee Includes

WaterGarbage

Also included: Ground Maintenance, Other, See Remarks, Recreation Facilities, Reserve Fund Contributions, Sewer

Interior

Heating
Electric
Cooling / A/C
Wall unit
Fireplace
None
Flooring
Laminate

Exterior & Lot

Exterior features
Other
View
Lake view, Mountain view
Pool
Outdoor pool

Building

Roof
Other, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Stall

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed

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

Room Dimensions

RoomLevelDimensions
3pc BathroomMain level7' x 5'
KitchenMain level5' x 12'
Bedroom - BachelorMain level8' x 12'

Listing Information

MLS®
10385204
Listed
April 28, 2026
Time on market
On the market for 125 days
Data last synced
August 28, 2026

Data source: CREA DDF.

Description

Turnkey, high-performing investment in the sought-after Vita community—consistently rented since purchase. Just steps to Okanagan Lake, beaches, and waterfront parks, this professionally designed, fully furnished studio is built for strong rental income with flexible short- and long-term rental potential. Smart, efficient layout paired with A/C, in-suite laundry, private outdoor space, and modern finishes drives premium guest appeal and occupancy. Vita’s resort-style amenities—including an outdoor pool, fitness centre, pickleball courts, EV charging, and guest parking—elevate the experience and support repeat bookings. A true plug-and-play opportunity in one of the Okanagan’s most desirable lakeside markets. (id:63159)

Values & Trends

This listing

$821/sqft

Building average

$778/sqft

1 active listing(s)

Okanagan Landing average

$625/sqft

22 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 ElementaryElementary405 m
Ellison ElementaryElementary2.2 km
Clarence Fulton SecondaryElementary2.5 km
Mission Hill ElementaryElementary4.5 km
Alexis Park ElementaryElementary5.8 km
St James(Independent)Elementary5.8 km
Ecole Beairsto ElementaryElementary6.1 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 Park131 m
  • Lakers Park314 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$220,000.00
Periodic payment — Principal & Interest (monthly)$1,419.37
Additional monthly expenses (strata, tax, utilities, etc.)$413.71
Total monthly cost$1,833.07
Interest paid over 5-yr term$63,052.63
Balance at end of term$197,890.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.92

Cash Needed at Closing

Minimum down payment$13,750
Estimated BC PTT$3,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,750

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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