- Active
725 Westminster Avenue
Penticton · Vacant Land
Listed by Engel & Volkers South Okanagan · MLS® 10395901
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Sign inAbout this home
Welcome to Grandview Terraces, a new luxury development by Agave Homes. Located in a premium tranquil setting, steps away from the KVR trail famous for cycling, jogging and walking. These future homes are within walking distance of Penticton’s downtown amenities, including restaurants, craft breweries, Okanagan Lake beaches, marina and the Farmers Market. Purchased lots will require the boutique homes to be designed and built by Agave Homes, who take the utmost care in the design of each individual home as well as in the orientation and interaction with the homes to each other. All homes are inspired by the architecture of Southern California and will include elevators, wine rooms, outdoor kitchens, pools, rooftop decks, and low-maintenance landscaping to get the most out Okanagan living. Don’t miss the opportunity to become a part of this exceptional neighbourhood! All measurements approximate, and price includes lot only.
Home facts
- Property type
- Vacant Land
- Area
- Uplands/Redlands
- Listed
- July 27, 2026
- Structure
- Other
- PID
- 032-140-649
- Common interest
- Freehold
Highlights
- Mountain view
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Water, Sewer, Natural Gas, Electricity, Cable, Telephone
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
- $5,688
- Property tax
- $350/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,188
Purchase snapshot
- List price
- $1,200,000
- Down payment
- $240,000 (20%)
- Estimated mortgage
- $960,000
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
- $6,957
- 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 · 38%
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.
