Property Type: Detached HouseOwnership: LeaseholdNEW LISTING

535 Loon Avenue

Vernon, BC V1H2A1

$397,000

2 bed2 bath2 parking1,630 sqftBuilt 2011
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Property Details

Property & Lot

Sub-type
House
Stories
2

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$1,588.42

Interior

Basement
Crawl space
Heating
Forced air, Electric
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Refrigerator, Range - Electric, Dishwasher, Microwave, Washer/Dryer Stack-Up, Water Heater - Electric

Exterior & Lot

Exterior features
Vinyl siding
Lot features
Two Balconies

Building

Roof
Asphalt shingle, Unknown
Water source
Community Water System
Sewer
Septic tank
Parcel ID (PID)
000-000-000

Parking

Total spaces
2 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
Full ensuite bathroomSecond level11' x 5'3''
Primary BedroomSecond level11' x 14'7''
Living roomSecond level15'2'' x 23'
Laundry roomMain level3' x 7'
Mud roomMain level9' x 8'
BedroomMain level9' x 11'7''
4pc BathroomMain level
Dining roomMain level17'2'' x 12'
KitchenMain level8' x 14'

Listing Information

MLS®
10399115
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
August 29, 2026

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

Description

Looking for something truly special? This custom-built 2-bedroom, 2-bathroom home in Parker Cove offers a distinctive blend of character, quality and timeless style. From the moment you step inside, the gorgeous maple hardwood flooring sets the tone for this beautifully designed home. The open-concept main floor is bright and inviting, with an impressive dining area and a stunning kitchen featuring rich maple cabinetry and an island—perfect for entertaining family and friends. A convenient mudroom and laundry area are located just off the back entrance, along with a beautifully appointed 4-piece bathroom featuring hand-cut marble tile and a comfortable main-floor bedroom. Upstairs, you’ll find an expansive living/family room offering plenty of space to relax and entertain, along with a generous primary suite. The primary bedroom features a 4-piece ensuite and large walk-in closet, creating a private retreat at the end of the day. Outdoor living is equally impressive with three decks two of which are covered and one open for stargazing, providing multiple spaces to enjoy your morning coffee, host summer gatherings or simply take in the beautiful Okanagan weather. The fully landscaped yard features underground irrigation, mature landscaping and a peaceful outlook over parkland. Additional features include a single attached garage with drain, storage shed, central air, 200-amp electrical service, spray-foamed crawlspace walls and an abundance of natural light from 16 windows. Located just minutes from the beach, this home offers the perfect balance of comfort, style and relaxed Okanagan living. Numerous updates include roof and siding (2022), hardwood flooring (2021), fridge and stove (2021) and hot water tank (2020). Registered lease to 2056 with the current annual lease amount of $5,329.72. A truly unique home with exceptional character and flair—this is one you’ll want to see! (id:63159)

Values & Trends

This listing

$244/sqft

Building average

No other active listings in this building

Okanagan North average

$299/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

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

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 ElementaryElementary7.4 km
Ellison ElementaryElementary9.7 km
Clarence Fulton SecondaryElementary10.0 km
Mission Hill ElementaryElementary11.9 km
Alexis Park ElementaryElementary12.7 km
St James(Independent)Elementary13.2 km
Ecole Beairsto ElementaryElementary13.3 km
W.L. Seaton SecondarySecondary13.5 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)

  • Unnamed145 m
  • Unnamed377 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,850) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$317,600.00
Periodic payment — Principal & Interest (monthly)$2,049.05
Additional monthly expenses (strata, tax, utilities, etc.)$214.37
Total monthly cost$2,263.42
Interest paid over 5-yr term$91,025.07
Balance at end of term$285,682.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,850
Stress test qualifying rate8.09%
Payment you must qualify for$2,900.15

Cash Needed at Closing

Minimum down payment$19,850
Estimated BC PTT$5,940
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,290

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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