Property Type: Detached HouseOwnership: Freehold

5515 Okanagan Avenue

Vernon, BC V1T9R7

$749,000

4 bed3 bath6 parking2,178 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.14 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,825.67

Interior

Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Oven - Electric, Dishwasher, Range, Dryer, Microwave

Exterior & Lot

Exterior features
Vinyl siding
Lot features
Balcony

Building

Roof
Asphalt shingle, Unknown
Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
002-490-030

Parking

Total spaces
6 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
Dining roomMain level8'7'' x 9'1''
Dining roomAdditional Accommodation10'10'' x 9'2''
KitchenAdditional Accommodation10'9'' x 18'5''
Primary BedroomAdditional Accommodation12'1'' x 11'8''
OfficeLower level11'1'' x 9'
Full bathroomAdditional Accommodation5'2'' x 9'5''
Living roomAdditional Accommodation12'8'' x 12'10''
Full bathroomMain level7'7'' x 7'3''
Full ensuite bathroomMain level4'5'' x 8'
Primary BedroomMain level14'1'' x 10'6''
BedroomMain level8'8'' x 13'10''
BedroomMain level9'10'' x 9'
Living roomMain level15'8'' x 14'2''
KitchenMain level9'6'' x 16'2''

Listing Information

MLS®
10395977
Listed
July 28, 2026
Time on market
On the market for 34 days
Data last synced
August 29, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

Welcome to 5515 Okanagan Avenue, ideally located in one of the most desirable sections of Okanagan Avenue, directly across from the Okanagan College Connector Trail. Enjoy easy access to scenic walking and biking routes with beautiful views of the surrounding Okanagan landscape, making this an ideal location for those who appreciate an active Okanagan lifestyle. Families will appreciate being less than a 15-minute walk to Ellison Elementary and Fulton Secondary School, with a city bus stop conveniently located just steps away. This well-maintained rancher offers exceptional flexibility with three bedrooms in the main level & a bonus room/office downstairs plus bright one-bedroom walk-out basement suite, an ideal setup for multigenerational living, extended family, guests, or additional income potential. Pride of ownership is evident throughout this home, with numerous updates completed over the years including a new furnace in 2022, professional backyard landscaping completed in 2021, and updated siding and roof (approximately 2013). These thoughtful improvements, along with ongoing care and maintenance, provide peace of mind for the next owner. The beautiful fully fenced backyard is truly a highlight, offering a private and inviting outdoor space perfect for relaxing, entertaining, gardening, or enjoying the Okanagan sunshine. The property also offers a double car garage plus plenty of parking, adding to the convenience and functionality of this fantastic home. With its desirable location, access to nearby trails, versatile living options, and a long list of valuable updates, 5515 Okanagan Avenue is a rare opportunity to own a home that combines comfort, flexibility & the best of Vernon living. (id:63159)

Values & Trends

This listing

$344/sqft

Building average

No other active listings in this building

South Vernon average

$441/sqft

2 active listing(s)

Parking: 6 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

22

5/9 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
Clarence Fulton SecondaryElementary414 m
Ellison ElementaryElementary776 m
Mission Hill ElementaryElementary1.6 km
St James(Independent)Elementary2.9 km
Alexis Park ElementaryElementary3.2 km
Ecole Beairsto ElementaryElementary3.2 km
Okanagan Landing ElementaryElementary3.2 km
W.L. Seaton SecondarySecondary3.6 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 (1)

  • Lynn's Vietnamese744 m

Cafes (1)

  • Tim Hortons698 m

Grocery (2)

  • Buy Low Foods728 m
  • Okanagan Landing Plaza738 m

Parks (2)

  • Grahame Park274 m
  • Unnamed698 m

Gyms (1)

  • Unnamed693 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($49,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$599,200.00
Periodic payment — Principal & Interest (monthly)$3,865.84
Additional monthly expenses (strata, tax, utilities, etc.)$427.81
Total monthly cost$4,293.64
Interest paid over 5-yr term$171,732.44
Balance at end of term$538,982.34

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$49,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,375.83

Cash Needed at Closing

Minimum down payment$49,900
Estimated BC PTT$12,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$64,380

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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