Townhouse
$295,000
25% less per sq ft3800 40 Avenue Unit# 40
Alexis Park, Vernon1 day on market
MLS® 10402742
1 / 37
$339,000
3800 40 Avenue Unit# 25
Alexis Park, Vernon · MLS® 10399332
2 bed · 1 bath · 807 sq ft · 1 parking
Townhouse · Single Family · built 1972 · 37 days on market
Listed by Rob Wasiliew, Coldwell Banker Executives Realty
Realtor's description
Fully renovated 2 bedroom, 1 bathroom townhome at Arbor Lee! This end unit townhome has been completely updated through out with new flooring, trim, paint and doors. The open concept kitchen/dining space has been reimagined with new cabinets, counters and appliances. The bathroom features new cabinetry and tub surround. The spacious primary suite has A/C and sliding door to a private patio space at the rear of the home. A large pantry and dedicated laundry room with new washer/dryer complete the main floor. On another level is a 2nd bedroom that offers privacy from the rest of the home. Outside, the building has recently completed new siding and windows. 1 dedicated parking space is conveniently located in front of the unit. Arbor Lee is a quiet, well-maintained, family-oriented complex. The complex is pet friendly allowing for 1 dog and 2 cats. The location is unbeatable, with schools, parks, recreation facilities, and shopping centres all close by.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 807 sq ft
- Parking
- 1
- Year built
- 1972
- Property tax
- $1,555 / yr
- Strata fee
- $304 / mo ($0.38 / sq ft)
- Days on market
- 37
- MLS®
- 10399332
Features
- Corner Site
- Family Oriented
- Refrigerator
- Oven - Electric
- Range - Electric
- Dishwasher
Monthly cost
$1,910/mo
Mortgage $1,477 · Tax $130 · Strata $304
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
- −$607/mo
- Cap rate
- 3.1%
- yearly net rent ÷ price
Costs: mortgage $1,477 · tax $130 · strata $304 · 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
Alexis Park, VernonGoogle Maps ↗
Schools
Catchment schools, Vernon School District 22
- Elementary Alexis Park Elementaryhomes in this catchment
500 m away · 4205 35 St, Vernon · 250-545-7289
- Secondary W.L. Seaton Secondaryhomes in this catchment
1.3 km away · 2701 41 Ave, Vernon · 250-542-3361
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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