3800 40th Avenue Unit# 50
Vernon, BC V1T6S3
$299,000
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Strata
- Strata / maintenance fee
- $342/mo
- Annual property tax
- $1,147
Maintenance Fee Includes
Also included: Ground Maintenance, Reserve Fund Contributions
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- Wall unit
- Fireplace
- None
Exterior & Lot
- Exterior features
- Other
- View
- Mountain view, View (panoramic)
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Stall
Restrictions & Policies
- Pets
- Allowed, Allowed with restrictions
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Main level | 5'3'' x 8'1'' |
| Full bathroom | Second level | — |
| Bedroom | Second level | 8'9'' x 14'11'' |
| Primary Bedroom | Second level | 10'2'' x 15'11'' |
| Dining room | Main level | 7'11'' x 11'8'' |
| Kitchen | Main level | 7'8'' x 7'10'' |
| Living room | Main level | 13'6'' x 13'7'' |
Listing Information
- MLS®
- 10398436
- Listed
- August 25, 2026
- Time on market
- On the market for 6 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Okanagan-Letnick Estates · Data source: CREA DDF.
Description
Welcome to Unit 50 at Arbour Lee — a freshly renovated, move-in-ready townhome offering exceptional value at $299,000! Whether you’re looking to enter the market, downsize, or add a well-located property to your investment portfolio, this bright and versatile home checks all the boxes. Offering nearly 1,000 sq. ft. of living space with 2 bedrooms plus a flexible den/office, the functional layout provides plenty of room to live, work and unwind. High ceilings create an airy, spacious feel, complemented by new flooring throughout and new appliances including fridge, stove, washer and dryer. Enjoy the convenience of in-unit laundry, additional storage, a private balcony, mountain views and one parking stall. Best of all, the home is tucked away in a quiet location at the end of the complex while remaining close to downtown Vernon, shopping, transit, schools and everyday amenities. Renovated, versatile and affordable — a fantastic opportunity for homeowners and investors alike. (id:63159)
Values & Trends
This listing
$304/sqft
Building average
—
No other active listings in this building
Alexis Park average
$293/sqft
5 active listing(s)
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
15
3/9 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 |
|---|---|---|
| Alexis Park Elementary | Elementary | 452 m |
| W.L. Seaton Secondary | Secondary | 1.2 km |
| Ecole Beairsto Elementary | Elementary | 1.5 km |
| St James(Independent) | Elementary | 1.8 km |
| Harwood Elementary | Elementary | 1.9 km |
| Mission Hill Elementary | Elementary | 2.1 km |
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 2.3 km |
| Silver Star Elementary | Elementary | 2.6 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 (1)
- The Lodge Kitchen & Bar745 m
Grocery (1)
- Safeway · 4300 32 Street753 m
Parks (2)
- Unnamed226 m
- Pioneer Park612 m
Nearby places data: © OpenStreetMap contributors.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($14,950) — 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.