2602 45th Avenue
Vernon, BC V1T3N3
$499,900
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.18 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $2,573.15
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10389408
- Listed
- May 29, 2026
- Time on market
- On the market for 94 days
- Data last synced
- August 28, 2026
Listing provided by: 3 Percent Realty Inc. · Data source: CREA DDF.
Description
We are excited to present a prime real estate opportunity in a central location, perfectly suited for small-scale housing development. This property is zoned MUS (Multi Unit Small Scale), allowing for a diverse range of residential projects. The zoning regulations provide additional development flexibility, making it an ideal choice for developers looking to maximize their investment in a thriving community. **Key Features:** **Central Location:** Situated in the heart of Vernon, BC, this property offers easy access to local amenities, public transportation, and major thoroughfares. **Zoning:** MUS (Multi Unit Small Scale) zoning permits a variety of small-scale housing developments, providing the potential for innovative residential solutions tailored to the community's needs. **Development Flexibility:** The zoning regulations allow for additional development flexibility based on site servicing and lot area, enabling creative and efficient use of the property. **Walkability:** With a great walking score, residents will enjoy proximity to parks, shops, restaurants, and schools, enhancing the appeal of any future development. **Investment Potential:** This property presents a unique opportunity for developers and investors to capitalize on the growing demand for small-scale housing in a central location. The combination of favorable zoning, development flexibility, and a walkable neighbourhood makes this listing a must-see. (id:63159)
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
56
8/9 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 |
|---|---|---|
| Harwood Elementary | Elementary | 525 m |
| W.L. Seaton Secondary | Secondary | 579 m |
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 813 m |
| Alexis Park Elementary | Elementary | 1.0 km |
| Ecole Beairsto Elementary | Elementary | 1.3 km |
| Silver Star Elementary | Elementary | 1.6 km |
| St James(Independent) | Elementary | 1.8 km |
| Vernon Secondary | Elementary | 2.4 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 (5+)
- Eat Good Market Deli - Pineapple Express Bistro · 4511 27 Street96 m
- cuisine Of India · 3009 43 Avenue529 m
- 27th Street Grille1557 m
- Bourbon Street Bar & Grill578 m
- White Spot629 m
Cafes (1)
- Starbucks · 4900 27 Street696 m
Grocery (4)
- Save-On-Foods732 m
- Safeway · 4300 32 Street734 m
- Cobbs · 4800 Anderson Way791 m
- T-Bones · 4800 Anderson Way796 m
Parks (3)
- Macdonald Park444 m
- Unnamed631 m
- Girouard Park758 m
Shopping (3)
- Unnamed714 m
- Winners744 m
- Village Green Mall · 4900 27 Street758 m
Gyms (3)
- Planet Fitness185 m
- North Valley Gymnastics Society · 4700 31 Street522 m
- World Health and Fitness · 4801 27 Street574 m
Pharmacies (2)
- Shoppers Drug Mart241 m
- London Drugs689 m
Banks & ATMs (3)
- Scotiabank453 m
- Unnamed614 m
- Prospera Credit Union625 m
Nearby places data: © OpenStreetMap contributors.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,995) — 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.