- Active
686 Martin Street
Penticton · Other
Listed by RE/MAX Penticton Realty · MLS® 10400526
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Sign inAbout this home
Amazing downtown Penticton development site with DP in place for 30 units in a 6 storey building. Twenty one bed plus den units that are 770 sqft, ten 2 bed 2 bath units at 995 sqft and one ground floor commercial unit of 1180 sqft. Located on Martin Street, Penticton’s south bound one-way street in the downtown core located on the bike route just a short walk to amentities, restaurants, shopping and Okanagan Lake beach and parks. This property is zoned C5 and is 92 ft x 100 ft. (9251.6 sq ft ). C5 zoning is Penticton best downtown zoning with 6 FAR, 100% lot coverage and max hight of 36.6 meters. Call today don’t miss out.
Home facts
- Property type
- Other
- Area
- Main North
- Listed
- September 15, 2026
- Structure
- Residential Commercial Mix
- PID
- 032-076-240
- Common interest
- Freehold
Features and inclusions
- Lot
- Level lot
- Community
- High Traffic Area
Rooms and building
- Water
- Utilities
- Water, Sewer, Electricity
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
- $7,347
- Property tax
- $450/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $7,947
Purchase snapshot
- List price
- $1,550,000
- Down payment
- $310,000 (20%)
- Estimated mortgage
- $1,240,000
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
- $8,987
- 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
For investors
As a rental
- Estimated rent
- $1,310 a month
- Gross yield
- 1.0%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
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 · 40%
