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Investment signal

$674,900

2706 38 Street

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Beds

Baths

Sqft

—

Year

1954

Type

Single Family

Suite

Suite potential

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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

This renovated full duplex in Vernon offers exceptional flexibility and turnkey investment potential. Each self-contained unit features 2 bedrooms and 1 bathroom, along with its own separate furnace and air conditioning system. Both sides enjoy private, fully fenced backyards, individual storage sheds, and alley-access parking for two vehicles per unit. The interiors are bright and functional, suited for both owners and tenants. With a history of consistent tenancy, the property offers reliable rental appeal. Ideal for investors or homeowners seeking a mortgage helper, the property allows for living in one unit while renting the other, or generating income from both. Situated on a flat lot and within walking distance to downtown amenities, this is a strong opportunity in a central location. (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: Duplex
Community: City of Vernon
Common interest: Freehold
Living area: 1,593 square feet
Lot size: 0.17 acres
Lot dimensions: 0.17
Parking: 4 total
Stories: 1
On market: Apr 10, 2026
Status changed: Apr 23, 2026
Annual tax: $3,422.28
Photos: 44
MLS#: 10382905
Area: VERNON

Features and systems

Parking

Rear

Basement

Crawl space

Appliances

RefrigeratorRange - ElectricDishwasherWasher/Dryer Stack-Up

Heating

Forced air

Cooling

Central air conditioning

Flooring

LaminateCarpetedMixed Flooring

Roof

Asphalt shingleUnknown

Community

Rentals Allowed

View

City view

Negative cash flow ~$762/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.78%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,178

Financing

Down payment$134,980

Loan amount$539,920

Mortgage$2,736/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$309

Insurance$80

Maintenance$562

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 23, 2026.