Property Type: Detached HouseOwnership: Freehold

7020 Lakeridge Drive

Vernon, BC V1H1P5

$1,099,000

4 bed4.5 bath6 parking2,914 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.3 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,150.2

Interior

Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Tile, Hardwood, Carpeted

Exterior & Lot

Exterior features
Stucco
View
Lake view, Mountain view, Valley view, View (panoramic), Unknown

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
6 — covered indicated
Features
Attached Garage, RV, Oversize, See Remarks, Additional Parking

Room Dimensions

RoomLevelDimensions
OtherMain level24'1'' x 21'
WorkshopMain level8'11'' x 9'6''
StorageBasement16'3'' x 23'5''
3pc BathroomBasement5'11'' x 7'2''
BedroomBasement17'7'' x 12'
DenBasement9'4'' x 8'4''
Dining nookBasement8'7'' x 8'9''
Family roomBasement19'9'' x 17'11''
Recreation roomBasement13' x 26'1''
4pc BathroomMain level9'2'' x 6'9''
BedroomMain level10'11'' x 10'7''
BedroomMain level11'5'' x 10'8''
OtherMain level5'7'' x 5'
5pc Ensuite bathMain level15'8'' x 10'4''
Primary BedroomMain level12'4'' x 13'6''
2pc BathroomMain level6'3'' x 3'
Laundry roomMain level11'5'' x 6'1''
FoyerMain level6'8'' x 7'3''
Dining nookMain level7'9'' x 11'10''
Great roomMain level13'6'' x 12'1''
Dining roomMain level10' x 12'1''
Living roomMain level11'11'' x 19'6''
KitchenMain level11'10'' x 10'2''

Listing Information

MLS®
10374013
Listed
January 28, 2026
Time on market
On the market for 215 days
Data last synced
August 28, 2026

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

Description

Stunning rancher showcasing breathtaking Okanagan lake and valley views in one of the area’s most sought-after neighborhoods ‘Lakeridge Estates’. This well-designed home offers spacious main-level living with bright, open living and dining room areas, large windows to capture the scenery, and a functional kitchen ideal for both everyday living and entertaining. The primary bedroom features a private ensuite, walk-in closet, and a sliding door for patio and hot tub access. Still on the main level there are 2 additional bedrooms perfect for family, guests, or a home office. The basement provides excellent versatility with generous recreation space, an additional den, bed room, full bathroom and ample storage—ideal for extended family, hobbies, or future possibilities. Enjoy outdoor living with a private, fully fenced backyard featuring a large patio—perfect for relaxing or hosting friends. RV parking adds extra convenience for toys and travel enthusiasts. A sizable garage with workshop space offers room for vehicles, projects, and storage. Ideally located close to the lake, vineyards, golf courses, biking and hiking trails, and everyday amenities, this property delivers an exceptional lifestyle that blends comfort, convenience, and natural beauty. A rare opportunity to secure a view property in an excellent location. (id:63159)

Values & Trends

This listing

$377/sqft

Building average

No other active listings in this building

Bella Vista average

$435/sqft

20 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

4

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 ElementaryElementary1.7 km
Ellison ElementaryElementary2.3 km
Clarence Fulton SecondaryElementary2.6 km
Mission Hill ElementaryElementary4.5 km
Alexis Park ElementaryElementary5.3 km
St James(Independent)Elementary5.7 km
Ecole Beairsto ElementaryElementary5.8 km
W.L. Seaton SecondarySecondary5.9 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 (1)

  • Kin Beach552 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,200.00
Periodic payment — Principal & Interest (monthly)$5,672.30
Additional monthly expenses (strata, tax, utilities, etc.)$575.18
Total monthly cost$6,247.48
Interest paid over 5-yr term$251,981.25
Balance at end of term$790,843.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,798.07

Cash Needed at Closing

Minimum down payment$84,900
Estimated BC PTT$19,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,380

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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