Property Type: Land / LotOwnership: Freehold

4651 Anderson Way

Vernon, BC V1T0E3

$4,750,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
2.69 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$24,625.37

Interior

Fireplace
None

Listing Information

MLS®
10354276
Listed
June 30, 2025
Time on market
On the market for 427 days
Data last synced
August 28, 2026

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

Description

Prime Industrial Opportunity in the Heart of the North Okanagan, right next door to Vernon’s New Salt Centre Development. Unlock the full potential of your business vision with this exceptional 2.693-acre light industrial (INDL) zoned lot. This premium parcel offers versatility and value, ideal for a wide range of commercial and light industrial uses with subdivision potential to tailor the property to your specific needs and some of the connections are there for the subdivision of 2 lots already. Positioned with convenience in mind, the lot will provide instant access to Highway 97 via 48th Ave, seamlessly connecting your operations to the entire Okanagan corridor. Whether your reach is national or international, Kelowna International Airport is just 30 minutes away, ensuring global access and rapid logistics. Be part of a thriving commercial hub in one of British Columbia’s fastest-growing regions. Bring your business to the gateway of the Okanagan—positioned for success and ready to build. (id:63159)

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

59

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
Alexis Park ElementaryElementary823 m
W.L. Seaton SecondarySecondary925 m
Harwood ElementaryElementary1.1 km
Pleasant Valley Christian Academy(Independent)Elementary/Middle1.4 km
Ecole Beairsto ElementaryElementary1.6 km
St James(Independent)Elementary2.1 km
Silver Star ElementaryElementary2.1 km
Vernon SecondaryElementary2.9 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+)

  • Bourbon Street Bar & Grill289 m
  • Ricky's307 m
  • Chopped Leaf · 4400 32 Street345 m
  • White Spot393 m
  • Wings439 m

Cafes (2)

  • Blenz Coffee475 m
  • Starbucks · 4900 27 Street520 m

Grocery (5+)

  • Cobbs · 4800 Anderson Way237 m
  • T-Bones · 4800 Anderson Way244 m
  • Real Canadian Superstore419 m
  • Save-On-Foods536 m
  • Safeway · 4300 32 Street558 m

Parks (2)

  • Unnamed639 m
  • Macdonald Park798 m

Shopping (4)

  • Unnamed419 m
  • Winners459 m
  • Village Green Mall · 4900 27 Street517 m
  • Canadian Tire648 m

Gyms (3)

  • North Valley Gymnastics Society · 4700 31 Street127 m
  • Planet Fitness413 m
  • World Health and Fitness · 4801 27 Street603 m

Pharmacies (2)

  • London Drugs339 m
  • Shoppers Drug Mart647 m

Banks & ATMs (5+)

  • TD352 m
  • TD352 m
  • Prospera Credit Union443 m
  • Scotiabank452 m
  • Unnamed590 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($950,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,800,000.00
Periodic payment — Principal & Interest (monthly)$24,516.31
Additional monthly expenses (strata, tax, utilities, etc.)$2,052.11
Total monthly cost$26,568.42
Interest paid over 5-yr term$1,089,090.92
Balance at end of term$3,418,112.29

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$950,000
Stress test qualifying rate8.09%
Payment you must qualify for$29,220.67

Cash Needed at Closing

Minimum down payment$950,000
Estimated BC PTT$155,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,107,000

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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