4018 Pleasant Valley Road
Vernon, BC V1T4M2
$1,149,000
Property Details
Property & Lot
- Sub-type
- Fourplex
- Stories
- 2
- Lot size
- 0.18 acres
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $5,059
Interior
- Basement
- Full
- Heating
- Forced air, See remarks
- Cooling / A/C
- Wall unit
- Fireplace
- None
Exterior & Lot
- Exterior features
- Stucco
- View
- View (panoramic)
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 6 — covered indicated
- Features
- Carport
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 11' x 12'9'' |
| Living room | Main level | 11'1'' x 18'10'' |
| Living room | Lower level | 11'2'' x 19' |
| Bedroom | Lower level | 9' x 13'3'' |
| Bedroom | Lower level | 9'7'' x 15'9'' |
| Bedroom | Lower level | 9' x 13'3'' |
| Bedroom | Lower level | 9'9'' x 18'6'' |
| Bedroom | Main level | 10' x 13' |
| Bedroom | Main level | 11'4'' x 13'5'' |
| Bedroom | Main level | 10'0'' x 13'0'' |
| Primary Bedroom | Main level | 11'4'' x 13'5'' |
| Full bathroom | Lower level | 5'8'' x 7' |
| Full bathroom | Lower level | 7'3'' x 9'4'' |
| 4pc Bathroom | Main level | 6'4'' x 7'2'' |
| 4pc Bathroom | Main level | 6'' x 7'2'' |
| Kitchen | Lower level | 11'7'' x 18'8'' |
| Kitchen | Lower level | 11'7'' x 17'1'' |
| Kitchen | Main level | 10' x 15'1'' |
| Kitchen | Main level | 10'0'' x 15'1'' |
Listing Information
- MLS®
- 10398298
- Listed
- August 21, 2026
- Time on market
- On the market for 10 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Okanagan-Letnick Estates · Data source: CREA DDF.
Description
INVESTMENT OPPORTUNITY | 4 RENTAL UNITS | APPROX. 7.65% PROJECTED CAP RATE. A compelling income-producing opportunity in central Vernon offering four self-contained 2-bedroom rental units and multiple income streams. Three units are currently tenanted, with the fourth currently available for rent. Offering 8 bedrooms, 4 bathrooms and approximately 3,625 sq. ft. of finished living space, with private entrances, in-suite laundry and ample off-street parking. Seller reports $100,000+ invested in renovations and improvements during 2024–2025. Conveniently located near shopping, schools, parks, recreation and transit. An attractive opportunity for investors seeking an improved multi-unit rental property with strong income potential. Rent roll, financial information, floor plans and virtual tours available upon request. Some listing photos have been digitally decluttered for presentation purposes. (id:63159)
Values & Trends
This listing
$317/sqft
Building average
—
No other active listings in this building
East Hill average
$365/sqft
1 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
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
7
1/9 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 |
|---|---|---|
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 522 m |
| Harwood Elementary | Elementary | 547 m |
| Silver Star Elementary | Elementary | 619 m |
| W.L. Seaton Secondary | Secondary | 996 m |
| Ecole Beairsto Elementary | Elementary | 1.1 km |
| St James(Independent) | Elementary | 1.5 km |
| Vernon Secondary | Elementary | 1.7 km |
| Alexis Park Elementary | Elementary | 1.8 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
Parks (1)
- Girouard Park256 m
Nearby places data: © OpenStreetMap contributors.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.8% ($89,900) — 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.