Property Type: Land / LotOwnership: Freehold

4000 29 Street

Vernon, BC V1T5B4

$399,800

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.12 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,473.82

Interior

Fireplace
None

Listing Information

MLS®
10328092
Listed
November 12, 2024
Time on market
On the market for 657 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon · Data source: CREA DDF.

Description

Excellent opportunity with this city lot ready for development. Located on newly revamped 29th Street this level lot is nestled amongst older homes and new infill projects. This lot features new City of Vernon zoning - MSH (Medium Scale Housing) which allows for large, medium or small multi unit housing developments up to 8 stories high. Central Vernon location, close to transit, walking distance to schools, shopping, restaurants and entertainment. (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

44

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

SchoolTypeDistance
W.L. Seaton SecondarySecondary217 m
Ecole Beairsto ElementaryElementary606 m
Alexis Park ElementaryElementary694 m
Harwood ElementaryElementary1.0 km
St James(Independent)Elementary1.1 km
Pleasant Valley Christian Academy(Independent)Elementary/Middle1.3 km
Silver Star ElementaryElementary1.5 km
Vernon SecondaryElementary2.0 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+)

  • Yat Sen Restaurant235 m
  • Asian Avenue258 m
  • Mr Mikes · 3908 32 Street283 m
  • Denny's · 4201 32 Street305 m
  • The Lodge Kitchen & Bar346 m

Cafes (4)

  • Bean to Cup · 3903 27 Street314 m
  • Starbucks328 m
  • Tim Hortons481 m
  • Ratio Coffee and Pastry780 m

Grocery (1)

  • Safeway · 4300 32 Street588 m

Parks (5+)

  • Civic Memorial Park · 3003 37 Avenue230 m
  • Macdonald Park326 m
  • Unnamed402 m
  • Civic Plaza591 m
  • Civic Plaza608 m

Shopping (1)

  • Unnamed722 m

Gyms (1)

  • MCK Athletics Training & Health · 3105 28 Street715 m

Pharmacies (2)

  • Shoppers Drug Mart526 m
  • London Drugs783 m

Banks & ATMs (4)

  • Unnamed451 m
  • TD Canada Trust603 m
  • Prospera Credit Union622 m
  • VantageOne Credit Union · 3108 33 Avenue665 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,840.00
Periodic payment — Principal & Interest (monthly)$2,063.50
Additional monthly expenses (strata, tax, utilities, etc.)$122.82
Total monthly cost$2,186.32
Interest paid over 5-yr term$91,667.06
Balance at end of term$287,697.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,990
Stress test qualifying rate8.09%
Payment you must qualify for$2,920.61

Cash Needed at Closing

Minimum down payment$19,990
Estimated BC PTT$5,996
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,486

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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