Penticton · V2A1J2
$21,050/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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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.
4
Beds
4,262 ft²
Floor area
2026
Year built
Single Family
Type
Uplands/Redlands
Area
Listed
June 5, 2026
Nearby & Commute
22 min
walk to Penticton IGA
1h 8m
bike to Prairie Valley Station
3h 47m
walk to Prairie Valley Station
10h 17m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 40%
| Detached | 101 | 40.4% |
| Condo / Apartment | 50 | 20.0% |
| Townhouse | 29 | 11.6% |
| Duplex | 26 | 10.4% |
| Land | 22 | 8.8% |
| Other | 22 | 8.8% |
| $15,000 to $19,999 | 5 | 2.2% |
| $20,000 to $24,999 | 10 | 4.4% |
| $25,000 to $29,999 | 10 | 4.4% |
| $30,000 to $34,999 | 10 | 4.4% |
| $35,000 to $39,999 | 10 | 4.4% |
| $40,000 to $44,999 | 5 | 2.2% |
| $45,000 to $49,999 | 10 | 4.4% |
| $50,000 to $59,999 | 10 | 4.4% |
| $60,000 to $69,999 | 20 | 8.9% |
| $70,000 to $79,999 | 30 | 13.3% |
| $80,000 to $89,999 | 15 | 6.7% |
| $90,000 to $99,999 | 15 | 6.7% |
| $100,000 to $124,999 | 20 | 8.9% |
| $125,000 to $149,999 | 10 | 4.4% |
| $150,000 to $199,999 | 30 | 13.3% |
| $200,000 and over | 15 | 6.7% |
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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
$21,050
Principal and interest
Calculated estimate
$19,659
Property tax
Calculated estimate
$1,242/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$4,250,000
Down payment
Calculated estimate
$850,000 (20%)
Estimated mortgage
Calculated estimate
$3,400,000
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
$21,050
/mo
Rate
%
Amortization
Principal and interest
$19,659
Property tax (est.)
$1,242
P&I
Tax
Down payment
$850,000 (20%)
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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 $850,000 down (20%) on $4,250,000, 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.
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.
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.
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.
