Property Type: Detached HouseOwnership: Leasehold

32 Louis Estates Road

Vernon, BC V1H2A6

$587,700

2 bed2 bath5 parking1,850 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.23 acres
Frontage
50 feet

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$0

Interior

Basement
Crawl space
Heating
Electric, See remarks
Fireplace
Yes (1)
Fireplace type
Free Standing Metal
Flooring
Laminate, Vinyl

Exterior & Lot

Exterior features
Wood siding
View
Lake view, Mountain view
Waterfront
Waterfront on lake

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
5 — covered indicated
Features
Detached Garage, Oversize, Heated Garage

Room Dimensions

RoomLevelDimensions
OtherSecond level10'3'' x 15'6''
5pc Ensuite bathSecond level5'5'' x 13'9''
Primary BedroomSecond level18'11'' x 25'
3pc BathroomMain level8'5'' x 10'1''
Laundry roomMain level7'1'' x 9'
BedroomMain level12'3'' x 13'1''
Dining roomMain level8'10'' x 14'8''
Family roomMain level12'7'' x 13'
Living roomMain level14'1'' x 14'8''
KitchenMain level9'1'' x 11'4''

Listing Information

MLS®
10381071
Listed
March 30, 2026
Time on market
On the market for 154 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

Lakefront living at a price that won't break the bank! This generously sized 2 bedroom 2 bathroom home offers open concept living that takes advantage of the incredible lake view and water access. Upstairs you'll find a private principal bedroom with ensuite and walk-in closet. Additionally there is multi-use bonus space. Head outside and there is an attached carport as well as an extra-long (24x26) heated garage that also has a greenhouse. RV hook ups (full) and space for boat storage ensure that your guests will be able to visit comfortably. This is a First Nations lease currently at $7,500. The water in this bay is slightly deeper which allows for excellent swimming and boat moorage...sometimes at the dock if the water is high enough. Swim from May through October then, when winter conditions allow, put on your skates! For the owners, this property has enabled the family to enjoy more than 2 decades of legacy memories. These listing photos are from their last summer. Properties at Louis Estates rarely come on market so don't let this one slip through your fingers...Just in time to have Okanagan lake shore for the summer. Book a viewing soon!! (id:63159)

Values & Trends

This listing

$318/sqft

Building average

No other active listings in this building

Okanagan North average

$297/sqft

41 active listing(s)

Parking: 5 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

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

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.

Nearby Schools

SchoolTypeDistance
Vernon Christian School(Independent)K-127.0 km
Alexis Park ElementaryElementary7.8 km
North Okanagan Junior Academy(Independent)Elementary/Middle7.9 km
W.L. Seaton SecondarySecondary8.4 km
Harwood ElementaryElementary8.5 km
Pleasant Valley Christian Academy(Independent)Elementary/Middle8.6 km
Ecole Beairsto ElementaryElementary9.0 km
St James(Independent)Elementary9.4 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.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.7% ($33,770) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$470,160.00
Periodic payment — Principal & Interest (monthly)$3,033.31
Additional monthly expenses (strata, tax, utilities, etc.)$93.00
Total monthly cost$3,126.31
Interest paid over 5-yr term$134,749.21
Balance at end of term$422,910.44

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$33,770
Stress test qualifying rate8.09%
Payment you must qualify for$4,259.53

Cash Needed at Closing

Minimum down payment$33,770
Estimated BC PTT$9,754
Legal / closing costs (typical estimate)$1,500
Total cash needed$45,024

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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