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Investment signal

$280,000

Lot 25 Hodges Road

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Type

Vacant Land

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

Incredible 0.945 Acre Lot with Stunning Okanagan Lake Views. This rare, nearly 1 acre hillside lot offers spectacular 180 degree views of Okanagan Lake and the surrounding mountains an opportunity to build your dream home in one of the most scenic and peaceful areas of the Okanagan. Situated just steps from Killiney Beach Park, you’ll enjoy the benefits of lakefront living without the lakefront price tag. With endless outdoor activities nearby, including Okanagan Lake, Fintry Provincial Park, and numerous scenic trails, this location is perfect for outdoor enthusiasts. Whether you’re looking for a year round opportunity residence, a vacation retreat, or an investment opportunity, this lot offers an amazing view and location. Conveniently located just 30 minutes to Vernon and 45 minutes to Kelowna, this property provides easy access to all the amenities and attractions of the Okanagan while offering a tranquil, private setting. Don’t miss out on this rare opportunity in the Okanagan. (id:65958)

Subtype: Vacant Land
Structure: Other
Community: Westside Road
Common interest: Freehold
Lot size: 0.94 acres
Lot dimensions: 0.94
On market: Apr 21, 2026
Status changed: Apr 21, 2026
Annual tax: $1,094
Photos: 24
MLS#: 10384079
Area: VERNON

Features and systems

Lot

Sloping

View

Lake viewMountain viewValley viewView (panoramic)

Utilities

Water

Positive cash flow ~$587/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

12.57%

Cap rate

7.38%

GRM

9.7

Break-even rent

$1,782

Financing

Down payment$56,000

Loan amount$224,000

Mortgage$1,135/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$128

Insurance$80

Maintenance$233

CapEx reserve$117

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 $1,135/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 21, 2026.