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Investment signal

$675,000

1801 42A Street

Save this home

Beds

4

Baths

2

Sqft

Year

1974

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Vernon. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to this updated half duplex in Vernon! Offering excellent flexibility and strong investment potential, this property is a great option for buyers looking for a solid rental or a home with built-in income. Located in a convenient South Vernon neighbourhood, this property offers easy access to schools, parks, transit, and nearby Okanagan Landing amenities. With a flat, walkable setting and a quiet residential feel, it’s a practical location for both tenants and homeowners alike. Extensively updated in 2022, this home has already had the big-ticket items taken care of, including a new asphalt shingle roof, windows and doors, paint, vinyl flooring, light fixtures, kitchen cabinets and countertops, and all appliances (laundry, stove, and fridge). This makes it a true move-in ready option with very little left to do. The property is set up as two completely self-contained suites, with 2 bedrooms and 1 bathroom on each level. Both the upper and lower suites have their own kitchens, living areas, and separate entrances, making this an ideal setup for rental income or extended family living. Outside, the property features a flat and usable yard with space for kids, pets, or entertaining, along with ample parking. Whether you’re an investor or looking to offset your mortgage, this property offers excellent value and flexibility. Book your showing today! (id:65958)

Subtype
Single Family
Architectural style
Multi-level
Structure
Duplex
Community
South Vernon
Common interest
Freehold
Living area
1,564 square feet
Lot size
0.09 acres
Lot dimensions
0.09
Parking
4 total
Stories
1
On market
Apr 27, 2026
Status changed
Apr 27, 2026
Annual tax
$2,903
Photos
23
MLS#
10384148
Area
VERNON

Features and systems

Parking

CarportRearAdditional Parking

Basement

Full

Appliances

WasherRefrigeratorRange - ElectricDryer

Heating

See remarks

Cooling

Wall unit

Exterior

Aluminum

Flooring

Laminate

Roof

Asphalt shingleUnknown

Lot

Level lotOne Balcony

Community

Family Oriented

Security

Smoke Detector Only
Negative cash flow ~$763/mo at these assumptions

Cash on cash

-6.78%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,178

Financing

Down payment$135,000
Loan amount$540,000
Mortgage$2,736/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$309
Insurance$80
Maintenance$563
CapEx reserve$281
Vacancy loss$169

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,736/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.

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