1961 Vernon Street
Interior REALTORS® · V0E2G1
$730,000
About this residence
Live for Free in the Heart of Lumby! Discover an incredible investment opportunity with this 5-unit complex located in the vibrant heart of Lumby, North Okanagan. This commercially zoned property features 3 residential units and 2 commercial spaces. The current rental income is substantial enough to cover the mortgage, allowing the future owner to live in one of the suites for free. Each unit has been recently renovated, and major updates such as the furnace, hot water tank and exterior siding have been completed in recent years. This iconic and enduring building sits on a massive lot with commercial zoning, offering a variety of development options. Lots of Hwy traffic flow with plenty of extra parking in the back as well on street parking for additional customer parking if needed. Owner financing is available for the right buyer. Don't miss out on this unique opportunity to own a piece of Lumby's history while securing a profitable investment. (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Living area
- 1,300 sq ft
- Lot size
- 0.21
- Parking
- 8 spaces
- Year built
- 1901
- MLS®
- 10364385
- Board
- Interior REALTORS®
- Status
- Active
- Listed
- Oct 1, 2025
- Updated
- Apr 24, 2026
Features & finishes
Heating
- Forced air
Parking
- Rear
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$3,414/mo
Loan amount
$584,000
Down payment
$146,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Interior REALTORS®
Nearby
About the area
Census · V0E- 72,013
- Population
- 51
- Median age
- $73,500
- Median income
- $500,000
- Median home value
- 82%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 1961 Vernon Street?
1961 Vernon Street is listed for $730,000, in Interior REALTORS®.
What type of home is 1961 Vernon Street?
1961 Vernon Street is a Other, Residential Commercial Mix, built in 1901.
How large is 1961 Vernon Street?
The home offers approximately 1,300 sq ft of living space on a lot measuring 0.21.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,414. Use the mortgage calculator above to model your own scenario.
Is there parking?
Yes — 1961 Vernon Street includes 8 parking spaces.
What is the Interior REALTORS® area like?
Interior REALTORS® has a population of about 72,013, a median age of 51, a 82% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in Interior REALTORS®?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Interior REALTORS®?
The median household income in this area is approximately $73,500.
Similar residences
Comparable Residential Commercial Mix near Interior REALTORS® at a similar price.
Private viewings
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