$674,900
Versatile income property in a prime Vernon location with development potential. Just minutes from downtown, shops, restaurants, and transit, this 5-bedroom home offers excellent flexibility for both investors and homeowners. With tenants currently in place upstairs and down, it’s a solid holding property with immediate income, currently generating $4,125 per month in rental revenue. The main level features 3 bedrooms and 1 bathroom, while the fully self-contained lower suite offers 2 bedrooms, 1 bathroom, and its own laundry. There is also potential to add a 6th bedroom downstairs with the installation of a window, creating additional value and flexibility. The home has seen numerous updates over the years, including a newer roof (2017), vinyl windows on the upper level, a furnace replaced in 2021, and a hot water tank updated in 2022. The basement has been renovated with updated flooring, trim, doors, and bathroom, and includes a newer dishwasher. Plumbing has been upgraded to PEX, and the backyard is wired for a hot tub with additional electrical roughed into the detached garage. Zoned MSH (Medium Scale Housing), this property also presents future development potential, making it an attractive option for those looking to invest in a growing area. Whether you're looking for a rental property or a home with a mortgage helper, this is a strong opportunity in a highly convenient location. (id:64133)
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Property Details
MLS® Number 10385213 Property Type Single Family Neigbourhood City of Vernon Features Central Island ParkingSpaceTotal 5 -
Building
Bathroom Total 2 Bedrooms Total 5 Architectural Style Ranch Basement Type Full Constructed Date 1959 Construction Style Attachment Detached Cooling Type Central Air Conditioning Exterior Finish Stucco, Vinyl Siding Fire Protection Security System Fireplace Present Yes Fireplace Total 1 Flooring Type Laminate, Tile Heating Type Forced Air, See Remarks Roof Material Asphalt Shingle Roof Style Unknown Stories Total 1 Size Interior 2,297 Sqft Type House Utility Water Municipal Water Parking
Detached Garage 1 -
Land
Acreage No Fence Type Fence Sewer Municipal Sewage System Size Frontage 41 Ft Size Irregular 0.12 Size Total 0.12 Ac|under 1 Acre Size Total Text 0.12 Ac|under 1 Acre -
Rooms
Level Type Length Width Dimensions Basement Kitchen 7'6'' x 9' Basement Bedroom 9'0'' x 9'0'' Basement Living Room 23'6'' x 9' Basement Den 11'0'' x 9'6'' Basement 4pc Bathroom 6'3'' x 5'6'' Basement Bedroom 11'6'' x 16'0'' Basement Laundry Room 8'0'' x 11'3'' Main Level 4pc Bathroom 8'6'' x 6'9'' Main Level Bedroom 8'8'' x 11'0'' Main Level Bedroom 12'0'' x 10'3'' Main Level Primary Bedroom 12'9'' x 10'6'' Main Level Dining Room 12'0'' x 9'0'' Main Level Kitchen 12'6'' x 16'3'' Main Level Living Room 12'0'' x 12'0''
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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August 12 2026 09:00:06
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