Property Type: Detached HouseOwnership: Leasehold

562 Meadowlark Avenue

Vernon, BC V1H2A1

$399,627

2 bed2 bath4 parking1,900 sqftBuilt 2005
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Property Details

Property & Lot

Sub-type
House
Stories
1
Frontage
75 feet

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$1,354.15

Interior

Basement
Crawl space
Heating
Forced air, Electric
Cooling / A/C
Heat Pump
Fireplace
Yes (1)
Fireplace type
Propane, Unknown
Flooring
Laminate, Ceramic Tile

Exterior & Lot

Exterior features
Vinyl siding

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
Laundry roomMain level6'7'' x 11'8''
OtherMain level5'5'' x 6'10''
3pc BathroomMain level5'6'' x 6'4''
BedroomMain level11'1'' x 9'6''
3pc Ensuite bathMain level5'10'' x 6'3''
Primary BedroomMain level14'7'' x 16'10''
Dining roomMain level10'0'' x 9'9''
Family roomMain level20'10'' x 19'8''
Living roomMain level16'5'' x 13'5''
KitchenMain level20'7'' x 12'5''

Listing Information

MLS®
10392235
Listed
June 22, 2026
Time on market
On the market for 70 days
Data last synced
August 28, 2026

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

Description

Welcome to 562 Meadowlark Avenue, a beautifully updated rancher in the lakeside community of Parker Cove, just a short walk from Okanagan Lake and the community beach. This move-in-ready home offers modern updates, comfortable living spaces, and a low-maintenance lifestyle. Step inside to a bright open-concept floor plan where the spacious living area flows seamlessly into the stunning kitchen. Designed for both everyday living and entertaining, the kitchen features a large island, quartz countertops, black stainless steel appliances, abundant cabinetry, and a convenient coffee station. The adjoining dining area easily accommodates a large table, making it perfect for family gatherings and entertaining guests. The primary bedroom is a private retreat with a walk-in closet, full ensuite, and sliding doors leading directly to the covered back patio. The second bedroom offers built-in cabinetry and plenty of room for guests or family. A separate family room has been transformed into a stylish bar and entertainment area, creating the perfect space for hosting friends. Recent upgrades include a new furnace in 2021 and two heat pumps, providing year-round comfort and efficiency. Crown moulding throughout the home adds an elegant finishing touch. Outside, you'll appreciate the fully fenced yard with durable vinyl fencing, artificial turf, and a covered patio ideal for relaxing or outdoor dining. RV owners will love the 30-amp service and sani-dump connection, while the dedicated generator plug provides added peace of mind. The property is situated on leased land with a registered lease until 2043. The current annual lease payment is $4,394.34. Whether you're looking for a year-round residence, retirement home, or vacation getaway, this beautifully maintained property offers exceptional value and an outstanding Okanagan lifestyle. Book your private viewing today! (id:63159)

Values & Trends

This listing

$210/sqft

Building average

No other active listings in this building

Okanagan North average

$300/sqft

41 active listing(s)

Parking: 4 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 ElementaryElementary7.3 km
Ellison ElementaryElementary9.5 km
Clarence Fulton SecondaryElementary9.9 km
Mission Hill ElementaryElementary11.8 km
Alexis Park ElementaryElementary12.6 km
St James(Independent)Elementary13.0 km
Ecole Beairsto ElementaryElementary13.2 km
W.L. Seaton SecondarySecondary13.3 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)

  • Unnamed179 m
  • Unnamed259 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,981) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,702.00
Periodic payment — Principal & Interest (monthly)$2,062.61
Additional monthly expenses (strata, tax, utilities, etc.)$207.85
Total monthly cost$2,270.45
Interest paid over 5-yr term$91,627.51
Balance at end of term$287,572.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,981
Stress test qualifying rate8.09%
Payment you must qualify for$2,919.34

Cash Needed at Closing

Minimum down payment$19,981
Estimated BC PTT$5,993
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,474

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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