- Active
553 Papineau Street
Penticton · Single Family
- Beds
- 2
- Baths
- 1
- Sqft
- 1,050
- Built
- 1930
Listed by Royal LePage Locations West · MLS® 10397219
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Sign inAbout this home
First-time home buyers, developers, retirees—this home is a must-see! This two-bedroom + den, one-bath Rancher-style home is ideally located on a quiet residential street just a few min walk to the heart of Penticton's downtown core and Okanagan beaches. This home is move-in ready while you prepare to make it your own. The all-one-level living with a bonus room downstairs for your man cave, studio, or office gives many options for the new homeowner. Upgraded baseboard heating and a newer heat pump provide year-round comfort. Alley access provides 2 parking spaces out back in addition to street parking. The yard is a flat blank canvas for your ideas. Included in the sale are permit-ready, professional drawings by Tony Giroux Design for one front/back duplex with suites. All meas. from iGuide and BC Assessment.
Home facts
- Bedrooms
- 2
- Bathrooms
- 1 full
- Interior
- 1,050 sq ft
- Year built
- 1930
- Storeys
- 1.5
- Parking
- 2
- Property type
- Single Family
- Basement
- Partial
- Area
- Main North
- Style
- Ranch
- Listed
- August 7, 2026
- Structure
- House
- PID
- 009-599-703
- Common interest
- Freehold
Features and inclusions
- Appliances
- Refrigerator, Dishwasher, Oven, Dryer, Water Heater - Electric
- Heating
- Heat Pump, Baseboard heaters
- Cooling
- Heat Pump
- Roof
- Asphalt shingle, Unknown
- Parking
- Rear, Street, Additional Parking
- Lot
- Level lot
- Community
- Family Oriented
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
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
- $2,369
- Property tax
- $142/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,661
Purchase snapshot
- List price
- $499,900
- Down payment
- $99,980 (20%)
- Estimated mortgage
- $399,920
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $2,898
- At 5.7979 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.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- 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.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 39%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
