5540 Anderson Way Lot# 1
Vernon, BC V1T9V2
$2,990,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 1.25 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $20,745
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10394824
- Listed
- July 16, 2026
- Time on market
- On the market for 46 days
- Data last synced
- August 28, 2026
Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.
Description
1.25 acre commercial property in the highly sought after Anderson Subdivision . New CMUB zoning allowing for Hybrid commercial / Residential Mixed Usage up to 6-Storeys in height with surface parking. Neighboring businesses include Home Depot, City Furniture, Starbucks, Four Point hotel. Ideal location close to Kal Tire Place and the new Pool and fitness Centre. Existing Pre Load on site may be of use to new owner. Fully Serviced Site with rear highway exposure. Phase One environmental report has been completed. (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
33
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 | 1.6 km |
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 1.7 km |
| Alexis Park Elementary | Elementary | 1.8 km |
| W.L. Seaton Secondary | Secondary | 1.8 km |
| Ecole Beairsto Elementary | Elementary | 2.5 km |
| Silver Star Elementary | Elementary | 2.7 km |
| Vernon Christian School(Independent) | K-12 | 3.0 km |
| St James(Independent) | Elementary | 3.0 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+)
- Temptasian Restaurant & Lounge154 m
- Red Robin · 5601 Anderson Way155 m
- C-Lovers Fish & Chips508 m
- Royal Garden565 m
- Browns Socialhouse · 100-4900 27 Street573 m
Cafes (3)
- Tim Hortons516 m
- Blenz Coffee537 m
- Starbucks · 4900 27 Street551 m
Grocery (4)
- Save-On-Foods515 m
- Real Canadian Superstore536 m
- T-Bones · 4800 Anderson Way765 m
- Cobbs · 4800 Anderson Way771 m
Shopping (5+)
- Canadian Tire386 m
- Village Green Mall · 4900 27 Street496 m
- Winners529 m
- Unnamed603 m
- Walmart729 m
Gyms (1)
- World Health and Fitness · 4801 27 Street702 m
Banks & ATMs (3)
- TD657 m
- TD657 m
- Scotiabank793 m
Nearby places data: © OpenStreetMap contributors.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($598,000) — 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.