- Active
745 Westminster Avenue
Penticton · Single Family
- Beds
- 4
- Baths
- 5
- Sqft
- 4,262
- Built
- 2026
Listed by Engel & Volkers South Okanagan · MLS® 10390310
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Sign inAbout this home
Now under construction at Grandview Terraces, this architecturally significant residence by Agave Homes is positioned within one of Penticton’s more quietly distinctive hillside settings, steps from the KVR Trail and minutes from downtown, Okanagan Lake, the marina, restaurants, breweries, and the Farmers’ Market. With one residence now complete within the enclave, the architectural vision behind Grandview Terraces has begun to reveal itself. Inspired by the restrained warmth of Southern California Modern design, the home is defined by a reverse floor plan that elevates the primary living spaces to capture panoramic lake and mountain views from the main entertaining level and expansive terraces. Designed for both everyday living and gathering, the upper level features 10-foot ceilings, wide expanses of glass, premium hardwood flooring, custom cabinetry, integrated Miele and Wolf appliances, a concealed walk-in pantry, temperature-controlled wine room, elevator access, and multiple outdoor living spaces. A 21 x 8 saltwater pool, outdoor kitchen, fire table lounge, and more than 1,400 sq. ft. of upper terraces create a private setting shaped around Okanagan indoor-outdoor living. The primary suite opens directly to a secluded garden patio engineered for a hot tub, while integrated speakers, EV charging capability, and solar-ready infrastructure reflect the level of planning incorporated throughout. A rare opportunity to secure a residence within this limited architectural collection by Agave Homes. Purchase price excludes GST. Measurements approximate based on architectural plans and renderings.
Home facts
- Bedrooms
- 4
- Bathrooms
- 4 full + 1 half
- Interior
- 4,262 sq ft
- Year built
- 2026
- Storeys
- 2.5
- Parking
- 2
- Property type
- Single Family
- Basement
- Full
- Garage
- Yes
- Area
- Uplands/Redlands
- Style
- Other
- Listed
- June 5, 2026
- Structure
- House
- PID
- 032-140-665
- Common interest
- Freehold
Highlights
- Mountain view
- City view
- Pool
- EV charging
- Patio
- Hot tub
Features and inclusions
- Heating
- Forced air
- Cooling
- Central air conditioning
- Parking
- Attached Garage
- Lot
- Central island, Two Balconies
- 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
- $20,144
- Property tax
- $1,242/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $21,536
Purchase snapshot
- List price
- $4,250,000
- Down payment
- $850,000 (20%)
- Estimated mortgage
- $3,400,000
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
- $24,641
- 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
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