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. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Total Living Area:
2,061 sq. ft.191 m2
Taxes:
$3,733 /
-
Community:
Mission Hill
Exterior Features:
Stucco
View:
City view, Mountain view, Valley view, View (panoramic)
Data was last updated December 15, 2025 at 08:15 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$696,200
Min list price:
$379,900
Max list price:
$1,200,000
Avg days on market:
88
Min days on market:
3
Max days on market:
279
Avg price per sq.ft.:
$332.02
These statistics are generated based on the current listing's property type
and located in
Mission Hill. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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