5480 Anderson Way
Vernon, BC V1T9V2
$4,190,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 1.96 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $28,089.8
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10373658
- Listed
- January 22, 2026
- Time on market
- On the market for 221 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Okanagan-Letnick Estates · Data source: CREA DDF.
Description
Rare opportunity to acquire a close to 2-acre, flat and fully usable Commercial Mixed Use (CMUB) development site in Vernon’s highly sought-after North Anderson commercial corridor. CMUB zoning supports a wide range of mixed-use, residential, retail, office, hotel and institutional uses with building heights up to 6 storeys (buyer to verify). The level topography minimizes development complexity and construction costs, making this an ideal site for efficient high-density development. Excellent accessibility and exposure with close proximity to national retailers, restaurants, hotels, recreation facilities and growing residential neighbourhoods, driving strong long-term demand. Large parcels of this size and zoning are increasingly scarce in this district. This area is seeing active redevelopment interest, including a recently submitted 176-unit mixed-use residential project nearby. This confirms municipal support for density and long-term growth in the Anderson Way corridor. Outstanding opportunity for developers, investors or land banking in one of Vernon’s strongest growth nodes. (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
37
6/9 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 |
|---|---|---|
| Harwood Elementary | Elementary | 1.5 km |
| Alexis Park Elementary | Elementary | 1.6 km |
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 1.6 km |
| W.L. Seaton Secondary | Secondary | 1.7 km |
| Ecole Beairsto Elementary | Elementary | 2.4 km |
| Silver Star Elementary | Elementary | 2.7 km |
| St James(Independent) | Elementary | 2.9 km |
| Vernon Christian School(Independent) | K-12 | 3.1 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+)
- Red Robin · 5601 Anderson Way254 m
- Temptasian Restaurant & Lounge283 m
- Royal Garden422 m
- Browns Socialhouse · 100-4900 27 Street490 m
- Wings509 m
Cafes (3)
- Blenz Coffee394 m
- Starbucks · 4900 27 Street469 m
- Tim Hortons623 m
Grocery (4)
- Real Canadian Superstore408 m
- Save-On-Foods432 m
- T-Bones · 4800 Anderson Way625 m
- Cobbs · 4800 Anderson Way631 m
Shopping (4)
- Canadian Tire319 m
- Village Green Mall · 4900 27 Street402 m
- Winners422 m
- Unnamed716 m
Gyms (2)
- World Health and Fitness · 4801 27 Street647 m
- North Valley Gymnastics Society · 4700 31 Street769 m
Banks & ATMs (3)
- TD516 m
- TD516 m
- Scotiabank711 m
Nearby places data: © OpenStreetMap contributors.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($838,000) — 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.