500 Balsam Court
Vernon, BC V1H2J1
$775,000
Property Details
Property & Lot
- Sub-type
- Duplex
- Stories
- 2
- Lot size
- 0.19 acres
Ownership & Fees
- Property type
- Duplex
- Ownership
- Freehold
- Annual property tax
- $4,600
Interior
- Basement
- Full
- Heating
- Forced air, Geothermal
- Cooling / A/C
- Geothermal
- Fireplace
- Yes (1)
- Fireplace type
- Gas, Unknown
- Flooring
- Tile, Laminate, Carpeted
Exterior & Lot
- Exterior features
- Stone, Stucco
- View
- Lake view, Mountain view, View (panoramic)
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 5 — covered indicated
- Features
- Attached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Den | Basement | 7'7'' x 7'3'' |
| Utility room | Basement | 7'7'' x 13'6'' |
| 4pc Bathroom | Basement | 4'11'' x 9'6'' |
| Bedroom | Basement | 12'1'' x 13'6'' |
| Recreation room | Basement | 21'9'' x 22'7'' |
| 2pc Bathroom | Main level | 4'11'' x 4'7'' |
| Laundry room | Main level | 12' x 5'4'' |
| 4pc Ensuite bath | Main level | 10'3'' x 8' |
| Primary Bedroom | Main level | 13'9'' x 11'11'' |
| Living room | Main level | 11'10'' x 12' |
| Dining room | Main level | 6'11'' x 5'6'' |
| Kitchen | Main level | 16'6'' x 14'4'' |
Listing Information
- MLS®
- 10385493
- Listed
- May 7, 2026
- Time on market
- On the market for 116 days
- Data last synced
- August 28, 2026
Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.
Description
Experience elevated Okanagan living at 500 Balsam Court, where open views, quiet surroundings, and space to breathe are all just a short drive from The Rise Golf Course. This thoughtfully designed 2 bedroom, 3 bathroom home offers bright, open-concept living with expansive windows that frame stunning lake and valley views. The layout is both functional and inviting—ideal for everyday living or as a lock-and-leave Okanagan retreat. Enjoy the comfort and efficiency of geothermal heating, along with ample storage to keep everything organized and out of sight. Step outside to your private outdoor space, perfect for morning coffee, sunset dinners, or simply taking in the panoramic scenery. Set in one of Vernon’s most desirable communities, you’re just minutes from downtown amenities while surrounded by nature, world-class golf, and endless outdoor recreation. More than a home, this is a lifestyle defined by views, tranquility, and effortless living. (id:63159)
Values & Trends
This listing
$438/sqft
Building average
—
No other active listings in this building
Bella Vista average
$385/sqft
6 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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Okanagan Landing Elementary | Elementary | 2.3 km |
| Ellison Elementary | Elementary | 2.6 km |
| Clarence Fulton Secondary | Elementary | 3.0 km |
| Mission Hill Elementary | Elementary | 4.7 km |
| Alexis Park Elementary | Elementary | 5.2 km |
| St James(Independent) | Elementary | 5.8 km |
| Ecole Beairsto Elementary | Elementary | 5.8 km |
| W.L. Seaton Secondary | Secondary | 5.9 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.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.8% ($52,500) — 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.