Penticton · V2A3T3
$2,604/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Development opportunity in a central Penticton location. This approximately 8,450 sq. ft. lot is currently improved with an older bungalow-style home and detached shop. The existing home requires work and is offered primarily for its land and future potential. Walk Score 73 | Bike Score 64. Zoned RM2 with OCP High Density designation, this property presents an excellent opportunity for developers, investors or builders to explore future redevelopment possibilities. The central location offers convenient access to Penticton amenities, services, transportation, shopping and recreation. Whether you are looking to undertake a substantial renovation or investigate redevelopment options, this property offers flexibility and potential in an established neighbourhood. Buyer to conduct their own due diligence regarding zoning, OCP designation, development potential, permitted uses, density, servicing and all municipal requirements. An opportunity to secure a well-located Penticton property with significant future potential.
2
Beds
1,008 ft²
Floor area
1950
Year built
Single Family
Type
Main South
Area
Listed
August 13, 2026
Nearby & Commute
21 min
walk to Save-On-Foods
1h 21m
bike to Prairie Valley Station
4h 28m
walk to Prairie Valley Station
10h 14m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 34%
| Detached | 73 | 34.0% |
| Condo / Apartment | 60 | 27.9% |
| Townhouse | 30 | 14.0% |
| Land | 24 | 11.2% |
| Mobile home | 16 | 7.4% |
| Other | 12 | 5.6% |
| $20,000 to $24,999 | 10 | 5.4% |
| $25,000 to $29,999 | 5 | 2.7% |
| $30,000 to $34,999 | 10 | 5.4% |
| $35,000 to $39,999 | 15 | 8.1% |
| $40,000 to $44,999 | 10 | 5.4% |
| $45,000 to $49,999 | 10 | 5.4% |
| $50,000 to $59,999 | 20 | 10.8% |
| $60,000 to $69,999 | 15 | 8.1% |
| $70,000 to $79,999 | 15 | 8.1% |
| $80,000 to $89,999 | 20 | 10.8% |
| $90,000 to $99,999 | 10 | 5.4% |
| $100,000 to $124,999 | 20 | 10.8% |
| $125,000 to $149,999 | 15 | 8.1% |
| $150,000 to $199,999 | 5 | 2.7% |
| $200,000 and over | 5 | 2.7% |
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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
$2,604
Principal and interest
Calculated estimate
$2,312
Property tax
Calculated estimate
$142/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$499,900
Down payment
Calculated estimate
$99,980 (20%)
Estimated mortgage
Calculated estimate
$399,920
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
$2,604
/mo
Rate
%
Amortization
Principal and interest
$2,312
Property tax (est.)
$142
P&I
Tax
Down payment
$99,980 (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 $99,980 down (20%) on $499,900, 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.
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.
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.
