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Investment signal

$449,900

4111 27 Street

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Beds

—

Baths

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Sqft

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Year

1952

Type

Other

Suite

Investment signal

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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

Prime opportunity to own a 0.15-acre property in one of Vernon’s newly rezoned commercial districts. The lot is approximately 50 ft by 130 ft and has access to a laneway at the rear of the property. Now zoned CMUB (Commercial Mixed Use – Business), this site offers exceptional flexibility for a wide range of uses. Zoning also allows for redevelopment into multi family housing. The existing 3,735 sq. ft. building was once a church and currently operates as a dance studio and provides a solid foundation for numerous business possibilities. The main interior space is approximately 28 ft x 50 ft, there is also a washroom, foyer and a full basement. Located on a high-visibility main road just minutes from Village Green Mall and surrounded by established retail, this property benefits from steady traffic and strong commercial presence. Whether you choose to redevelop or enhance the current structure, the versatile zoning and strategic location make this an outstanding long-term investment. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: City of Vernon
Living area: 3,735 square feet
Lot size: 0.15 acres
Lot dimensions: 0.15
On market: Apr 9, 2026
Status changed: Apr 24, 2026
Annual tax: $7,523
Photos: 48
MLS#: 10382772
Area: VERNON

Features and systems

Parking

Street

Heating

Forced air

Exterior

Stucco

Roof

MetalUnknown

Negative cash flow ~$392/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

-5.23%

Cap rate

3.82%

GRM

15.6

Break-even rent

$2,813

Financing

Down payment$89,980

Loan amount$359,920

Mortgage$1,824/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$206

Insurance$80

Maintenance$375

CapEx reserve$187

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 $1,824/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 24, 2026.