5973 Pleasant Valley Road
Vernon, BC V1B3L6
$2,395,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 2.49 acres
- Frontage
- 280 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $1,985
Interior
- Basement
- Full
- Heating
- See remarks, Hot Water
- Cooling / A/C
- Wall unit
- Fireplace
- Yes (1)
- Fireplace type
- Insert
- Flooring
- Laminate, Carpeted, Vinyl
Exterior & Lot
- Exterior features
- Wood siding
- View
- Mountain view, Valley view, View (panoramic)
Building
- Roof
- Other, Unknown
Parking
- Total spaces
- 12 — covered indicated
- Features
- Attached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 2pc Bathroom | Main level | — |
| Storage | Basement | 5' x 7'0'' |
| Bedroom | Basement | 9' x 11'0'' |
| Recreation room | Basement | 12'0'' x 14'0'' |
| Utility room | Basement | 12'0'' x 5'6'' |
| Bedroom | Basement | 12'0'' x 13'6'' |
| Full bathroom | Basement | 11'6'' |
| Kitchen | Basement | 10' x 11'6'' |
| Living room | Basement | 12'0'' x 19'6'' |
| Living room | Main level | 13'0'' x 19'6'' |
| Dining room | Main level | 12'0'' x 13'0'' |
| Kitchen | Main level | 12'0'' x 15'0'' |
| Full bathroom | Main level | 5'0'' x 13'0'' |
| Bedroom | Main level | 10'0'' x 13'0'' |
| Primary Bedroom | Main level | 11'0'' x 15'0'' |
Listing Information
- MLS®
- 10398660
- Listed
- August 25, 2026
- Time on market
- On the market for 6 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Okanagan-Letnick Estates · Data source: CREA DDF.
Description
DEVELOPER ALERT! Rare development opportunity in the Swan Lake area. OCP-designated for Future Residential, this property offers strong potential for medium-density townhomes/row housing, with possible single-family subdivision or bare land strata (subject to approval; buyer to verify with applicable authorities). Draft OCP approval for higher-density zoning is pending. NOT IN THE ALR, a rare find. Historically an orchard, now a working hay field, offering holding income while you navigate development. Potential for land assembly with the neighboring parcel for approx. 5 acres total. The North Okanagan Water Recovery Project (NOWRP) is under construction, bringing community sewer to Swan Lake, commissioning fall 2027, fully operational by early 2028. This $49.6M project is a major investment in regional infrastructure and future housing. 2-min walk to Walmart via fenced path, 3 min to major shopping, 10 min to downtown Vernon. The home offers immediate rental value, in excellent condition and rentable as-is. Two fireplaces (electric upstairs, working; cast iron downstairs, not used/not certified). Downstairs bathroom fully renovated (3-piece: shower, sink, toilet), plus electrical stove plug, roughed-in laundry plumbing, and laundry sink. Sellers open to month-to-month rent-back for flexibility during your development process. Land with future upside, generating rental income today. (id:63159)
Values & Trends
This listing
$887/sqft
Building average
—
No other active listings in this building
North BX average
$459/sqft
20 active listing(s)
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
16°C
—
Humidity 69%
Wind ESE 14 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
15
3/9 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 |
|---|---|---|
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 1.4 km |
| Harwood Elementary | Elementary | 1.6 km |
| B X Elementary | Elementary | 2.1 km |
| W.L. Seaton Secondary | Secondary | 2.2 km |
| Vernon Christian School(Independent) | K-12 | 2.3 km |
| Silver Star Elementary | Elementary | 2.5 km |
| Alexis Park Elementary | Elementary | 2.6 km |
| Ecole Beairsto Elementary | Elementary | 2.8 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
Cafes (1)
- Tim Hortons689 m
Parks (4)
- BX Creek Natural Wetland379 m
- BX Creek Wetlands407 m
- Unnamed647 m
- N'Kwala Park · 5440 MacDonald Road666 m
Shopping (2)
- Walmart517 m
- Unnamed601 m
Nearby places data: © OpenStreetMap contributors.
School district: Vernon (SD22)
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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.