Property Type: Detached HouseOwnership: Freehold

2885 Phillips Street

Armstrong, BC V4Y0B2

$699,900

3 bed2.5 bath7 parking1,560 sqftBuilt 1948
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.21 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,241.04

Interior

Basement
Partial
Heating
See remarks
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Flooring
Hardwood, Ceramic Tile, Vinyl, Mixed Flooring

Exterior & Lot

Exterior features
Stucco

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
7 — covered indicated
Features
Attached Garage, See Remarks

Room Dimensions

RoomLevelDimensions
OtherMain level13'6'' x 24'10''
3pc BathroomMain level6'6'' x 8'
OtherMain level11'6'' x 11'9''
BedroomMain level13'4'' x 13'5''
BedroomMain level11'2'' x 11'2''
1pc Ensuite bathMain level5' x 7'9''
Primary BedroomMain level11'2'' x 12'6''
KitchenMain level13' x 18'
Dining roomMain level10'6'' x 13'1''
Living roomMain level13'1'' x 15'11''

Listing Information

MLS®
10391958
Listed
June 18, 2026
Time on market
On the market for 74 days
Data last synced
August 28, 2026

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

Description

This is simply a super cool rancher with a stellar location and future development potential. This cozy home sits on a double lot (two property I.D. #) with two road frontages and back lane access. The remodelled kitchen is just amazing with knotty alder cabinetry, easy maintenance concrete counters and ceramic tile flooring, not to mention a coffee bar, breakfast bar and stainless appliances including a gas range. The main living area boasts a nice open floor plan with the same knotty alder flooring and a stone gas fireplace to enjoy on those colder winter nights. There is a total of 3 bedrooms, 1 full bath and a second full ensuite bath that is partially finished. The large mudroom area connects the main home to both the garage and a very unique outdoor living area that is truly divine through the warmer months. The garage is extra long with workshop space for hobbies or the car enthusiast. With 2 separate ID numbers and the road frontage plus the backlane access, this property lends itself well to the addition of a carriage home, workshop or other potential development. In the meantime, with over 9100sq.ft. of lot to utilize, you can let your imagination run wild. Plenty of parking is available including room for your RV, boat or what have you. Come check it out! (id:63159)

Values & Trends

This listing

$449/sqft

Building average

No other active listings in this building

Armstrong/ Spall. average

$528/sqft

39 active listing(s)

Parking: 7 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

Nearest station: Vernon

18°C

Humidity 66%

Wind ESE 16 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

5,323

(2021 Census)

+4.1% since 2016

Density: 1,019.7/km²

Dwellings: 2,292

Median household income: $77,500

After-tax: $70,000

Immigrant population: 7.1%

Top countries of origin (% of total population)

  • United Kingdom2% · 105
  • United States of America1.3% · 70
  • Netherlands0.6% · 30
  • Germany0.4% · 20
  • India0.4% · 20
  • Philippines0.3% · 15
  • Mexico0.2% · 10
  • Italy0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

2/9 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
Armstrong ElementaryElementary1.2 km
Highland Park ElementaryElementary1.4 km
Len Wood Middle SchoolMiddle1.6 km
Pleasant Valley SecondarySecondary1.9 km
North Okanagan Junior Academy(Independent)Elementary/Middle8.6 km
M.V. Beattie ElementaryElementary12.7 km
A.L. Fortune SecondaryK-1213.4 km
Vernon Christian School(Independent)K-1215.3 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

Cafes (2)

  • Starbucks328 m
  • Wild Oak Café · 2539 Pleasant Valley Boulevard727 m

Grocery (1)

  • Askew's Foods540 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (strata, tax, utilities, etc.)$264.75
Total monthly cost$3,877.17
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.03

Cash Needed at Closing

Minimum down payment$44,990
Estimated BC PTT$11,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,488

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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