Property Type: Detached HouseOwnership: LeaseholdRECENTLY LISTED

42 Lakeshore Drive

Vernon, BC V1H2A1

$449,000

4 bed2 bath2 parking2,055 sqftBuilt 2015
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.08 acres
Frontage
40 feet

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$1,789.71

Interior

Heating
Heat Pump, Baseboard heaters, In Floor Heating, Electric
Cooling / A/C
Heat Pump
Fireplace
None
Flooring
Carpeted, Vinyl

Exterior & Lot

Exterior features
Other
View
Lake view, View of water, View (panoramic)

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
2 — uncovered indicated
Features
Surfaced

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
5pc BathroomSecond level9'3'' x 10'3''
BedroomSecond level11'6'' x 15'8''
BedroomSecond level11'10'' x 12'1''
StorageSecond level6'5'' x 8'3''
Family roomSecond level13'5'' x 21'9''
Laundry roomMain level7' x 11'2''
BedroomMain level9' x 10'6''
5pc BathroomMain level10'4'' x 11'2''
StorageMain level12'7'' x 12'8''
Primary BedroomMain level13'8'' x 14'8''
Living roomMain level11'9'' x 12'7''
KitchenMain level11'11'' x 13'5''
Dining roomMain level13'0'' x 13'7''

Listing Information

MLS®
10398595
Listed
August 25, 2026
Time on market
On the market for 6 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Live the Okanagan dream with the lake right outside your front door at 42 Lakeshore Drive in Parker Cove! This custom built 4 bedroom, 2 bathroom lakefront home offers breathtaking water views, modern comfort, and an unbeatable location. Designed for both everyday living and entertaining, the open concept main floor features vaulted ceilings, breathtaking Okanagan Lake views, a gourmet kitchen with ample counter space, and a picturesque view from the sink. The spacious primary bedroom offers an abundance of natural light, comfortably fits a king size bed, with plenty of closet space. There is additional storage off primary bedroom through to the back of the home. Wired for hot tub at the back of the home. Enjoy your spa like main bathroom designed to unwind in, boasting a double jetted soaker tub, dual sinks, and a walk in tiled shower. Completing this main floor is a versatile guest bedroom (could double as a home office) and a spacious laundry room, with access to the side of the home. Upstairs, a large loft style family room, two additional bedrooms, a full bathroom, and a dedicated storage room provide plenty of space for family and guests. Year round comfort with radiant in floor heating and an energy efficient heat pumps. Step outside to the covered front patio, an ideal spot to soak in the lakefront lifestyle all four seasons! With unbeatable waterfront access, shared beach space, and boat launch this home is a rare opportunity to own a piece of Okanagan paradise! (id:63159)

Values & Trends

This listing

$218/sqft

Building average

No other active listings in this building

Okanagan North average

$300/sqft

41 active listing(s)

Parking: 2 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

13°C

Humidity 79%

Wind E 6 km/h

Today

27°

Tonight

13°

Wednesday

22°

Wednesday night

13°

Thursday

21°

Thursday night

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

11

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

SchoolTypeDistance
Okanagan Landing ElementaryElementary7.2 km
Ellison ElementaryElementary9.4 km
Clarence Fulton SecondaryElementary9.8 km
Mission Hill ElementaryElementary11.7 km
Alexis Park ElementaryElementary12.5 km
St James(Independent)Elementary12.9 km
Ecole Beairsto ElementaryElementary13.1 km
W.L. Seaton SecondarySecondary13.2 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 (2)

  • Unnamed180 m
  • Unnamed224 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$359,200.00
Periodic payment — Principal & Interest (monthly)$2,317.44
Additional monthly expenses (strata, tax, utilities, etc.)$252.14
Total monthly cost$2,569.58
Interest paid over 5-yr term$102,947.75
Balance at end of term$323,101.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,450
Stress test qualifying rate8.09%
Payment you must qualify for$3,280.02

Cash Needed at Closing

Minimum down payment$22,450
Estimated BC PTT$6,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,930

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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