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Investment signal

$1,069,000

2409 39 Street

Beds

—

Baths

—

Sqft

—

Year

1981

Location

See the block, not just the house.

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About this home

Excellent opportunity to own a solid investment property in the City of Vernon. This stand-alone building is leased to a well-established convenience store that has operated successfully for over 25 years, with a new 5-year lease providing stable, reliable income. Property for sale only; business not included. Zoned Commercial Mixed Use – Neighbourhood (CMUN), allowing for a variety of commercial, residential, and mixed-use possibilities with future redevelopment potential. Buyers to verify permitted uses with the City. The roof is less than 5 years old. (id:65958)

Subtype: Retail
Structure: Retail
Community: City of Vernon
Common interest: Freehold
Living area: 2,346 square feet
Lot size: 0.26 acres
Lot dimensions: 0.26
On market: Feb 19, 2026
Status changed: Apr 15, 2026
Annual tax: $15,530
Photos: 10
MLS#: 10376500
Area: VERNON

Features and systems

Heating

Forced airSee remarks

Exterior

Other

Roof

Asphalt shingleUnknown

Negative cash flow ~$2,070/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.62%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,529

Financing

Down payment$213,800

Loan amount$855,200

Mortgage$5,247/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$490

Insurance$80

Maintenance$891

CapEx reserve$445

Vacancy loss$268

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle 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.

Mortgage estimate

Estimated $5,247/mo at 5.49% with 20% down, 25-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 15, 2026.