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New buildInvestment signal

$629,000

5705 Heritage Drive Unit# 12

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Beds

Baths

3 full + 1 half

Sqft

—

Year

2026

Type

Single Family

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

Next Phase starting soon. Approximately 4 months till completion! Discover an exclusive collection of 28 luxury half-duplex townhomes, privately nestled on a tranquil cul-de-sac. Each thoughtfully designed residence combines sophisticated style with everyday convenience, featuring spacious bedrooms, a five-piece primary ensuite, and an open-concept living area that seamlessly extends to large decks or patios. Every home showcases premium finishes, including veined quartz countertops in both the kitchen and bathrooms, durable fibre-cement exterior siding, and sleek stainless steel kitchen appliances. Enjoy the comfort of freestanding soaker tubs, the ambiance of wall-mounted electric fireplaces, and the practicality of a spacious double garage. For added convenience, each home is roughed-in for a residential elevator. (id:65958)

Subtype: Single Family
Structure: Duplex
Community: Bella Vista
Common interest: Condo/Strata
Living area: 1,857 square feet
Parking: 2 total
Condo/HOA fee: $250 monthly
Stories: 3
Fireplace: 1
On market: Dec 1, 2025
Status changed: Apr 27, 2026
Annual tax: $0
Photos: 35
MLS#: 10359064
Area: VERNON

Features and systems

Parking

Attached Garage

Basement

Partial

Appliances

WasherRefrigeratorDishwasherRangeDryerMicrowave

Heating

Forced airSee remarks

Cooling

Central air conditioning

Exterior

Other

Flooring

Vinyl

Roof

OtherUnknown

Lot

Central island

Community

Family OrientedPets Allowed

Fee includes

InsuranceOther, See RemarksReserve Fund Contributions

Negative cash flow ~$712/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

-6.79%

Cap rate

3.51%

GRM

16.6

Break-even rent

$3,899

Financing

Down payment$125,800

Loan amount$503,200

Mortgage$2,550/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$288

Insurance$80

Maintenance$524

CapEx reserve$262

Vacancy loss$158

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 $2,550/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 27, 2026.