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Investment signal

$258,000

2500 30 Avenue Unit# Lot 2

Beds

Baths

Sqft

Year

Location

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About this home

Located in Vernon’s highly desirable East Hill neighbourhood, this 50’ x 50’ residential lot offers an excellent opportunity for your next project. Zoned for a full duplex, the flat, build-ready property is ideally situated within walking distance to downtown, schools, and parks. Looking to expand your vision? The neighbouring lot is also available, presenting the potential to develop a fourplex and maximize density. A prime opportunity for builders and developers seeking a well-located infill project in an established neighbourhood. (id:65958)

Subtype
Vacant Land
Structure
Other
Community
East Hill
Common interest
Freehold
Lot size
0.06 acres
Lot dimensions
0.06
On market
Apr 15, 2026
Status changed
Apr 15, 2026
Annual tax
$1,619.62
Photos
10
MLS#
10383545
Area
VERNON

Features and systems

Utilities

WaterSewerElectricityCableTelephone
Positive cash flow ~$493/mo at these assumptions

Cash on cash

11.47%

Cap rate

8.18%

GRM

9.0

Break-even rent

$1,881

Financing

Down payment$51,600
Loan amount$206,400
Mortgage$1,266/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$118
Insurance$80
Maintenance$215
CapEx reserve$108
Vacancy loss$120

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 $1,266/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.

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