Condo
$299,900
24% less per sq ft3010 35 Street Unit# 207
City of Vernon, Vernon2 days on market
2 bd2 ba935 sq ft
MLS® 104025491 / 15
$335,000
3712 24 Avenue Unit# 107
City of Vernon, Vernon · MLS® 10402465
2 bed · 1 bath · 713 sq ft · 1 parking
Townhouse · Single Family · built 1970 · 5 days on market
Listed by Don Defeo, RE/MAX Vernon
Realtor's description
2 bedroom, 1 bath townhome in Creekside Estates at 3710 & 3712 24th Ave Vernon BC. Purchase just one unit or all 14. This unit and the other 13 are all rental occupied and generating a very healthy income. The average rent is about $1200.00 per month but his unit is rented at $1,000.00 per month. Creekside Estates consists of 2 twin buildings (3710 & 3712) of 7 units each. Each building was formerly a level entry and single storey building of 4 units on crawlspaces built in the late 1970s. In the early to mid 1990s each building was expanded with an upper level and 3 more units. Each ground floor unit has an additional rear access directly to the lawn and rear yard, and each upper unit has a spacious deck. The grounds are near level, there is lots of parking, the property backs onto Vernon Creek and overall a good central location on City transit and not too far to downtown. Terrific investment property and opportunity. This unit is located on the ground floor of the West (3712) building, interior unit 2nd closest the 24th Ave (North).
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 713 sq ft
- Parking
- 1
- Year built
- 1970
- Property tax
- $1,249 / yr
- Strata fee
- $250 / mo ($0.35 / sq ft)
- Days on market
- 5
- MLS®
- 10402465
Features
- Balcony
- Refrigerator
- Range - Electric
Monthly cost
$1,814/mo
Mortgage $1,460 · Tax $104 · Strata $250
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,607/mo
- After all costs
- −$510/mo
- Cap rate
- 3.4%
- yearly net rent ÷ price
Costs: mortgage $1,460 · tax $104 · strata $250 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Vernon (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
City of Vernon, VernonGoogle Maps ↗
Schools
Catchment schools, Vernon School District 22
- Elementary Mission Hill Elementaryhomes in this catchment
600 m away · 1510 36 St, Vernon · 250-545-0639
- Secondary Clarence Fulton Secondaryhomes in this catchment
2.0 km away · 2301 Fulton Rd, Vernon · 250-545-1348
From the Vernon School District 22's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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