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Investment signal

$258,000

2500 30 Avenue Unit# Lot 1

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Beds

Baths

Sqft

Year

Type

Vacant Land

Suite

Investment signal

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

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
13
MLS#
10383544
Area
VERNON

Features and systems

Utilities

WaterSewerNatural GasElectricityTelephone
Positive cash flow ~$713/mo at these assumptions

Cash on cash

16.59%

Cap rate

8.18%

GRM

9.0

Break-even rent

$1,649

Financing

Down payment$51,600
Loan amount$206,400
Mortgage$1,046/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: 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 $1,046/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 15, 2026.

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