Property Type: Detached HouseOwnership: Freehold

87 Larch Road

Vernon, BC V1H2C3

$799,000

3 bed3 bath2 parking2,054 sqftBuilt 2008
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.27 acres
Frontage
130 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,772.85

Interior

Basement
Full
Heating
Baseboard heaters, Stove, Electric, Wood
Fireplace
Yes (1)
Fireplace type
Wood, Conventional
Flooring
Tile, Hardwood, Carpeted

Exterior & Lot

Exterior features
Other
View
Mountain view, View (panoramic)

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
2 — covered indicated
Features
Attached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
3pc BathroomLower level6'7'' x 10'8''
OtherLower level20'1'' x 18'10''
FoyerLower level6'1'' x 5'1''
OfficeLower level13'4'' x 9'3''
Living roomLower level11' x 19'6''
KitchenLower level11'0'' x 7'11''
DenMain level11' x 9'2''
Laundry roomLower level6'4'' x 8'0''
4pc BathroomSecond level4'11'' x 7'10''
4pc Ensuite bathSecond level7'6'' x 4'11''
BedroomSecond level10'11'' x 9'9''
BedroomSecond level8'11'' x 10'4''
Primary BedroomSecond level12'5'' x 19'2''
KitchenSecond level11'3'' x 8'4''
Dining roomSecond level11'3'' x 9'8''
Living roomSecond level17'10'' x 14'6''

Listing Information

MLS®
10394354
Listed
July 13, 2026
Time on market
On the market for 49 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Horizon Realty · Data source: CREA DDF.

Description

Looking for room to spread out and space for all your toys? Welcome to 87 Larch Road in Vernon. This versatile home offers 3 bedrooms plus a den, along with a non-legal basement suite—perfect for extended family, guests, or added flexibility. The standout feature is the incredible amount of parking. With ample room for multiple vehicles, RVs, boats, trailers, and recreational equipment, this property is ideal for anyone needing extra outdoor space. The main level offers comfortable everyday living, while the lower-level non-legal suite provides its own separate living area, creating options for multigenerational living or potential mortgage helper income (buyer to verify). Conveniently located close to schools, parks, shopping, and everyday amenities, this property combines practicality with flexibility. Whether you're looking for room to grow, space for your hobbies, or a home with income potential, 87 Larch Road is ready for its next owner. (id:63159)

Values & Trends

This listing

$389/sqft

Building average

No other active listings in this building

Okanagan North average

$295/sqft

41 active listing(s)

Parking: 2 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

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.

Nearby Schools

SchoolTypeDistance
Okanagan Landing ElementaryElementary8.5 km
Ellison ElementaryElementary11.0 km
Clarence Fulton SecondaryElementary11.3 km
Mission Hill ElementaryElementary13.2 km
Alexis Park ElementaryElementary14.2 km
Oyama Traditional SchoolElementary14.4 km
St James(Independent)Elementary14.5 km
Kidston ElementaryElementary14.5 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.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (strata, tax, utilities, etc.)$250.74
Total monthly cost$4,374.64
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,721.87

Cash Needed at Closing

Minimum down payment$54,900
Estimated BC PTT$13,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,380

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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