Penticton · V2A4V8
$2,364/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Residential, commercial and investment opportunity all in one spot. Prime C1-zoned property in central Penticton offering live/work flexibility, holding income, and development potential. Located within an area identified in the Official Community Plan for higher-density residential, this property also presents a strong future redevelopment opportunity for multi-unit housing (buyer to verify). Situated on a 0.142-acre lot, this well-located property is walking distance to McLaren Arena, Schools, Penticton Regional Hospital, shopping, and the KVR trail, with public transit right at the doorstep. Options could see this configured as a professional office (it was formerly a chiropractic clinic), as the main level features 3 large offices, reception area, 4-pc bath, and a welcoming waiting room with fireplace and hardwood floors. The lower level provides ample storage, or the layout can be converted into a 3 bedroom, 2 bathroom, ~2,000 sq ft single-family home. Wheelchair accessible for added versatility. C1 zoning supports a wide range of uses including daycare, medical, professional, retail, and service-based businesses, making it ideal for an owner-operator or investor. 5 on-site parking stalls (including 1 covered) with rear lane access add convenience for staff and clients. Contingent. Quick possession available. Duplicate commercial listing. Some photos have been virtually staged.
3
Beds
2,082 ft²
Floor area
1960
Year built
Single Family
Type
Main North
Area
Listed
April 10, 2026
$524,900 is 49.1% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
4 min
walk to Penticton IGA
1h 14m
bike to Prairie Valley Station
4h 7m
walk to Prairie Valley Station
10h 17m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 39%
| Detached | 130 | 39.4% |
| Condo / Apartment | 63 | 19.1% |
| Townhouse | 48 | 14.5% |
| Land | 36 | 10.9% |
| Duplex | 28 | 8.5% |
| Other | 25 | 7.6% |
| $15,000 to $19,999 | 5 | 2.3% |
| $20,000 to $24,999 | 10 | 4.7% |
| $25,000 to $29,999 | 10 | 4.7% |
| $30,000 to $34,999 | 10 | 4.7% |
| $35,000 to $39,999 | 15 | 7.0% |
| $40,000 to $44,999 | 20 | 9.3% |
| $45,000 to $49,999 | 15 | 7.0% |
| $50,000 to $59,999 | 15 | 7.0% |
| $60,000 to $69,999 | 20 | 9.3% |
| $70,000 to $79,999 | 15 | 7.0% |
| $80,000 to $89,999 | 10 | 4.7% |
| $90,000 to $99,999 | 20 | 9.3% |
| $100,000 to $124,999 | 20 | 9.3% |
| $125,000 to $149,999 | 15 | 7.0% |
| $150,000 to $199,999 | 10 | 4.7% |
| $200,000 and over | 5 | 2.3% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$2,364
Principal and interest
Calculated estimate
$2,081
Property tax
Calculated estimate
$133/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$449,900
Down payment
Calculated estimate
$89,980 (20%)
Estimated mortgage
Calculated estimate
$359,920
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$2,364
/mo
Rate
%
Amortization
Principal and interest
$2,081
Property tax (est.)
$133
P&I
Tax
Down payment
$89,980 (20%)
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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 $89,980 down (20%) on $449,900, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this 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.
At 5.4404 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
