About this home

!!!MUST SELL another massive $120k PRICE REDUCTION!!! This 1.28-acre development lot at Apex Mountain presents a rare opportunity to capitalize on one of the Okanagan’s fastest-growing four-season destinations. With flexible zoning, steps to ski-in/ski-out access, and increasing demand for recreational housing, this parcel is primed for a multi-unit build, luxury chalet, or boutique rental project. The lot’s generous size, gentle slope, and proximity to resort amenities offer both design freedom and strong ROI potential—ideal for developers looking to create something exceptional in a market hungry for alpine lifestyle properties or for a Generational Multi-Family Ski Loge building with private cabins for the entire family dynasty. Zoned AMV, it supports a range of development options including townhomes, apartment-style condos, and mixed-use commercial. With services close to the lot and strong demand for resort housing, this is a prime opportunity for developers seeking flexibility, visibility, and long-term value. The potential for a subdivision, fractional ownership, or a stratification development may be possible. This is a unique opportunity in a high-demand location—act now to secure your foothold in this growing ski resort community.

Home facts

Property type: Vacant Land
Area: Penticton Apex
Listed: October 31, 2025
Structure: Other
PID: 025-551-591
Common interest: Freehold

Highlights

Mountain view
Ski-in/ski-out

Features and inclusions

Lot: Treed

Rooms and building

Water: See Remarks
Utilities: Water, Electricity

Listed by eXp Realty. Last updated Nov 6, 2026, 11:10 AM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $3,256
Property tax: $200/mo
Home insurance: $150/mo
Estimated monthly total: $3,606

Purchase snapshot

List price: $687,000
Down payment: $137,400 (20%)
Estimated mortgage: $549,600

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

Open the map

Walk to Buy-Low Foods5h 40m

Bike to Prairie Valley Station1h 57m

Walk to Prairie Valley Station6h 28m

Drive to downtown Vancouver9h 19m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Townhouse · 28%

Homes for sale nearby, by type

Townhouse7 for sale

Land6 for sale

Condo / Apartment5 for sale

Detached4 for sale

Duplex3 for sale

Active listings within 5 km of this home.

Homes built in Okanagan-Similkameen I, by type

Single-detached82.4% · 375

Low-rise apartment12.1% · 55

Apartment in duplex2.2% · 10

Semi-detached1.1% · 5

Other single-attached1.1% · 5

Movable dwelling1.1% · 5

Source: Statistics Canada, 2021 Census of Population. 455 dwellings.

Who lives here

Statistics Canada area 59070311 · Okanagan-Similkameen I

Median age: 55
Renter households: 6%
Average household size: 2.3
Median household income: $84,000

Population (2021): 1,031
Median rent: $950
Owner shelter cost: $890
30%+ of income on shelter: 17%
Owner households: 92%
Households with kids: 20%
Immigrants: 8%
Post-secondary: 59%
Average home value (2021): $724,000

Breakdown

Under $5,0002.3% · 10

$5,000 to $9,9992.3% · 10

$15,000 to $19,9992.3% · 10

$25,000 to $29,9992.3% · 10

$30,000 to $34,9992.3% · 10

$35,000 to $39,9993.4% · 15

$40,000 to $44,9993.4% · 15

$45,000 to $49,9994.6% · 20

$50,000 to $59,9999.2% · 40

$60,000 to $69,9995.7% · 25

$70,000 to $79,9995.7% · 25

$80,000 to $89,99911.5% · 50

$90,000 to $99,9995.7% · 25

$100,000 to $124,99913.8% · 60

$125,000 to $149,9998.0% · 35

$150,000 to $199,9998.0% · 35

$200,000 and over9.2% · 40

Source: Statistics Canada, 2021 Census Profile, dissemination area 59070311.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Zoning and land-use recordsReview permitted uses and development constraints.
Survey or site planReview boundaries, structures, and encroachments.
Well and water-quality recordsReview water source, testing, and maintenance information.
Septic recordsReview system permits, servicing, and condition information.

Availability is not guaranteed. Review documents with a professional.

1175 APEX MOUNTAIN Road