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Investment signal

$349,900

4800 Heritage Drive Unit# 11

Save this home

Beds

2

Baths

2

Sqft

Year

1995

Type

Single Family

Suite

Suite potential

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

Welcome to Heritage Hills — an excellent opportunity for first-time buyers, downsizers, or investors. This well-maintained 2-bedroom, 2-bathroom home offers approximately 1,100 sq ft of comfortable living with updated laminate flooring, air conditioning, and a bright, functional layout. The open living and dining area flows out to a private sundeck with pleasant views, perfect for morning coffee or evening BBQs. The spacious primary bedroom features a full ensuite and walk-in closet, while the large second bedroom works well for guests, family, or a home office. A private single-car garage plus an additional enclosed lower-level flex room provide rare bonus space that could serve as a home office, gym, hobby room, or extra storage. With low strata fees of just $278.46 per month, no age restrictions, and a location close to schools, parks, shopping, and transit, this is a smart alternative to renting and a solid long-term investment. Currently tenanted, offering stable rental income potential in a well-managed complex. Pets are welcome, One Dog, two cats, or one of each, Dogs up to 12"" at the shoulder.Book your showing today! (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Bella Vista
Common interest
Condo/Strata
Living area
1,100 square feet
Parking
1 total
Condo/HOA fee
$278.4 monthly
Stories
1
On market
Feb 17, 2026
Status changed
Apr 23, 2026
Annual tax
$1,947.52
Photos
28
MLS#
10376047
Area
VERNON

Features and systems

Parking

Attached Garage

Basement

Partial

Heating

Electric

Cooling

Wall unit

Exterior

Other

Flooring

Laminate

Roof

Asphalt shingleUnknown

Lot

One Balcony

Community

Pet RestrictionsPets Allowed With Restrictions

Fee includes

Property ManagementGround MaintenanceInsuranceOther, See RemarksReserve Fund Contributions
Negative cash flow ~$291/mo at these assumptions

Cash on cash

-4.99%

Cap rate

3.87%

GRM

15.3

Break-even rent

$2,206

Financing

Down payment$69,980
Loan amount$279,920
Mortgage$1,418/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160
Insurance$80
Maintenance$292
CapEx reserve$146
Vacancy loss$95

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 $1,418/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.

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