Penticton · V2A1A4
$39,465/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Set above the southern edge of Okanagan Lake, 581 Vancouver Avenue presents panoramic views from sunrise to sunset. This remarkable home offers refined Okanagan living with a distinctly European influence. Built of concrete and steel, it brings together enduring quality, thoughtful design and exceptional craftsmanship. Handcrafted walnut, richly veined marble and carefully selected finishes give each level its own character. On the upper floor, the great room opens through a wall of sliding glass doors to the lake and surrounding landscape, creating an inviting setting for quiet evenings or gatherings with family and friends. The adjoining working kitchen, appointed with La Cornue appliances, is designed for everything from daily meal preparation to catered events. Five generous terraces extend the living spaces outdoors, offering places for morning coffee in the sun, a quiet afternoon in the shade or dinner overlooking the lake and marina. The primary suite is a peaceful retreat with a private balcony, panoramic views and a Nero Marquina marble ensuite with twin soaking tubs positioned with optimal lake views. For a discerning buyer ready to exchange the pace of a larger city for greater space, natural beauty and a more connected way of life, 581 Vancouver Avenue offers lasting quality in one of Penticton’s finest lake-view settings. Contact the listing representative or your REALTOR® for the full information portfolio or a private viewing. All measurements approximate.
3
Beds
6,258 ft²
Floor area
2017
Year built
Single Family
Type
Uplands/Redlands
Area
Listed
July 27, 2026
Nearby & Commute
26 min
walk to Penticton IGA
1h 7m
bike to Prairie Valley Station
3h 42m
walk to Prairie Valley Station
10h 16m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 40%
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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
$39,465
Principal and interest
Calculated estimate
$36,981
Property tax
Calculated estimate
$2,333/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$7,995,000
Down payment
Calculated estimate
$1,599,000 (20%)
Estimated mortgage
Calculated estimate
$6,396,000
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
$39,465
/mo
Rate
%
Amortization
Principal and interest
$36,981
Property tax (est.)
$2,333
P&I
Tax
Down payment
$1,599,000 (20%)
Get Pre-Approved
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 $1,599,000 down (20%) on $7,995,000, 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.
| Detached | 91 | 40.1% |
| Condo / Apartment | 50 | 22.0% |
| Townhouse | 29 | 12.8% |
| Duplex | 23 | 10.1% |
| Land | 12 | 5.3% |
| Other | 22 | 9.7% |
| $5,000 to $9,999 | 5 | 1.2% |
| $10,000 to $14,999 | 5 | 1.2% |
| $15,000 to $19,999 | 25 | 6.1% |
| $20,000 to $24,999 | 100 | 24.4% |
| $25,000 to $29,999 | 40 | 9.8% |
| $30,000 to $34,999 | 20 | 4.9% |
| $35,000 to $39,999 | 30 | 7.3% |
| $40,000 to $44,999 | 20 | 4.9% |
| $45,000 to $49,999 | 15 | 3.7% |
| $50,000 to $59,999 | 40 | 9.8% |
| $60,000 to $69,999 | 15 | 3.7% |
| $70,000 to $79,999 | 30 | 7.3% |
| $80,000 to $89,999 | 20 | 4.9% |
| $90,000 to $99,999 | 10 | 2.4% |
| $100,000 to $124,999 | 20 | 4.9% |
| $125,000 to $149,999 | 5 | 1.2% |
| $150,000 to $199,999 | 10 | 2.4% |
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.
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.
