Welcome to Unit 1206 at the Skaha Lake Towers, a beautifully finished and sharply priced modern condo offering stylish living, exceptional natural light, and stunning views. This thoughtfully upgraded two-bedroom, two-bathroom plus den home features quality improvements throughout, including updated appliances, countertops, and flooring, creating a move-in-ready space you'll love. The bright, East-facing living area welcomes the morning sun and is centered around a cozy gas fireplace, making it the perfect place to relax year-round. Enjoy two private decks that capture beautiful views of Skaha Lake to the south and sweeping city views over Penticton to the North. The spacious primary bedroom offers direct access to the deck, a generous walk-in closet, and a beautifully appointed four-piece ensuite complete with a double vanity and a large walk-in shower. A second bedroom, full bathroom, and versatile den provide flexibility for guests, a home office, or hobbies. Additional features include a large private storage room conveniently located on the same floor as the unit and one secure underground parking stall. Combining modern finishes, functional living spaces, and an outstanding location near Skaha Lake, this exceptional home offers comfort, style, and convenience in one impressive package.
Listed by RE/MAX Penticton Realty. Last updated Jul 9, 2026, 4:30 PM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $115,800 down (20%) on $579,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 217 listings
Condo / Apartment
64
29.5%
Detached
61
28.1%
Townhouse
33
15.2%
Mobile home
28
12.9%
Land
23
10.6%
Other
8
3.7%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Penticton · 640 dwellings
Low-rise apartment310 · 48.4%
Row house210 · 32.8%
Single-detached120 · 18.8%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59070260· Penticton· 0.17 km²
Median rent here
$2,700
Owner shelter cost
$920
Renters
39.5%
30%+ on shelter
40.8%
Population (2021)
1,082
Median age
63.6
Avg household size
1.7
Avg household income
$73,800
Renters
39.5%
Owners
60.5%
Immigrants
14.7%
Post-secondary
49.5%
Avg home value
$422,000
Single status
12.7%
Not in labour force
57.1%
Households with kids
13.3%
Median rent
$2,700
Owner shelter cost
$920
30%+ on shelter
40.8%
Breakdown
$15,000 to $19,999
10
1.6%
$20,000 to $24,999
35
5.5%
$25,000 to $29,999
35
5.5%
$30,000 to $34,999
35
5.5%
$35,000 to $39,999
45
7.1%
$40,000 to $44,999
35
5.5%
$45,000 to $49,999
35
5.5%
$50,000 to $59,999
60
9.4%
$60,000 to $69,999
50
7.9%
$70,000 to $79,999
50
7.9%
$80,000 to $89,999
55
8.7%
$90,000 to $99,999
45
7.1%
$100,000 to $124,999
65
10.2%
$125,000 to $149,999
30
4.7%
$150,000 to $199,999
30
4.7%
$200,000 and over
20
3.1%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59070260).
Market story
Rent in Penticton
Census 2021 avg $2,700/mo here · Vancouver 1BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
