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Royal LePage
Royal LePage
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$819,000

4 Beds

3 Baths

2061 FEETSQ

QuickQuoteTM: $732K - $981K

Vernon BC, V1T 8J6

MLS® # 10371012

Property Information:

Welcome to 1524 40th Street — a spacious and versatile home in a desirable Vernon neighbourhood, offering panoramic views and excellent income potential. This well-maintained property features 4 bedrooms plus a den and 3 full bathrooms, thoughtfully divided into two self-contained living spaces. The main floor offers 3 bedrooms and 2 full baths, perfect for families or long-term tenants. The current upper-level tenants are on a fixed-term lease until summer 2026, paying $3,200 per month plus utilities, providing stable income for the new owner. The lower-level suite includes 1 bedroom plus a den and 1 full bath, and is vacant and ready to rent or owner-occupied—ideal for extended family, guests, or generating additional revenue. A standout feature of this home is the professionally divided double garage, providing independent single-car garages for both the upper and lower suites. Whether you're an investor seeking a turn-key rental property or a homeowner looking for a versatile mortgage helper, 1524 40th Street offers comfort and flexibility.

Exclusions : All of tenants personal belongings.

Property Features:

  • Bedrooms: 4
  • Bathrooms: 3
  • Annual Tax Amount: $3,733
  • Architectural Style: Two Story
  • Built in: 1991
  • Construction Materials: Stucco, Wood Frame
  • Cooling: Central Air
  • Exterior Features: Hot Tub/Spa
  • Floor Space (approx): 2061 Square Feet
  • Heating: Forced Air, Natural Gas
  • Lot Size: 0.18 Acres
  • Parking Features: Attached, Garage
  • Roof: Asphalt, Shingle
  • View: City, Mountain(s), Panoramic, Valley
  • Water Source: Public
  • Sewer: Public Sewer
  • No. of Parking Spaces: 4

Rooms:

  • Bathroom Other level :Lower 2.29 m x 1.58 m
  • Dining Other level :Lower 2.54 m x 2.51 m
  • Living Other level :Lower 3.38 m x 2.51 m
  • Den Other level :Lower 4.01 m x 3.02 m
  • Bedroom Other level :Lower 3.28 m x 2.67 m
  • Kitchen Other level :Lower 3.38 m x 3.35 m
  • Foyer Other level :Lower 4.62 m x 2.11 m
  • Ensuite Bathroom Main Level 3.00 m x 1.50 m
  • Bathroom Main Level 2.59 m x 1.47 m
  • Bedroom Main Level 3.66 m x 2.95 m
  • Bedroom Main Level 3.12 m x 3.00 m
  • Primary Bedroom Main Level 4.09 m x 3.61 m
  • Dining Main Level 2.69 m x 2.49 m
  • Living Main Level 4.90 m x 4.88 m
  • Kitchen Main Level 3.73 m x 2.69 m

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Location of 1527 40 Street, Vernon, BC, V1T 8J6

Demographic Information of 1527 40 Street, Vernon, BC, V1T 8J6

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$97,162.93

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.99 %

High school certificate or equivalent

38.78 %

Apprenticeship trade certificate/diploma

10.4 %

College/non-university certificate

23.73 %

University certificate (below bachelor)

0.08 %

University Degree

10.02 %

Commuter

Travel To Work

By Car

90.27 %

By Public Transit

2.66 %

By Walking

2.5 %

By Bicycle

1.27 %

By Other Methods

3.3 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.41 %

Houses

72.59 %

Own Vs. Rent

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