Penticton is a vibrant town nestled in the heart of the Okanagan Valley. Known for its breathtaking natural beauty, endless outdoor activities, and renowned wineries, Penticton is a popular destination for tourists and residents alike. With its temperate climate and year-round recreational opportunities, it’s no wonder that Penticton has become one of the most desirable places to live in Canada.
But Penticton is more than just a beautiful place to visit. This charming town is a thriving community that offers a high quality of life and a welcoming atmosphere. From its friendly locals to its strong sense of community, Penticton has everything you could want in a home. And with its growing economy, it’s a smart investment for anyone looking to buy property in the Okanagan Valley.
Whether you’re an outdoor enthusiast or a lover of wine and culture, Penticton has something to offer everyone. With over 2,000 hours of sunshine each year, the town is a haven for hikers, bikers, and water sports enthusiasts. Its stunning beaches, including Okanagan Lake and Skaha Lake, are perfect for swimming, boating, and soaking up the sun. And when you’re not exploring the great outdoors, you can sample some of the best wine in Canada at one of Penticton’s many wineries.
Penticton isn’t just about outdoor activities and wine. The town is home to a thriving arts and culture scene, with numerous galleries, museums, and theatres showcasing local talent. Its bustling downtown area is filled with trendy cafes, unique shops, and world-class restaurants, making it the perfect place to spend an afternoon or evening.
For those looking to invest in real estate, Penticton offers a variety of options. From charming heritage homes to modern condos, the town has a wide range of properties to choose from. And with its growing economy and increasing population, real estate in Penticton is a smart investment that has the potential to appreciate in value over time.
Penticton is a unique and vibrant town that offers an exceptional quality of life. With its stunning natural beauty, endless recreational opportunities, and welcoming community, it’s no wonder that Penticton has become such a desirable place to live and invest in real estate.
LOCATION
The city is conveniently located just 5 hours from Vancouver, one of Canada’s largest cities, making it a great place to live for those who enjoy the tranquility of a small town but still want to be within reach of a major urban center. Additionally, the Kelowna International Airport is only 1.5 hours away, providing easy access to major transportation hubs across North America.
Penticton’s climate is one of the main reasons why it’s such a desirable place to live. With over 2,000 hours of sunshine annually, residents can enjoy warm, dry summers and mild winters. This climate is perfect for outdoor activities year-round, including hiking, biking, swimming, skiing, and snowboarding.
The town is surrounded by stunning natural landscapes, including vineyards and orchards, making it an ideal location for those who appreciate a rural lifestyle. The valley is also home to over 200 wineries, which produce some of Canada’s best wines. The region’s unique microclimate allows for the cultivation of a wide variety of fruits and vegetables, including cherries, peaches, apricots, and apples.
DEMOGRAPHICS
Penticton is a city known for its stunning natural beauty, thriving economy, and welcoming community. With a population of approximately 35,000 people, Penticton is a mid-sized city that offers the perfect blend of urban amenities and small-town charm.
The age range of the population in Penticton is diverse. The city has a significant number of retirees, but it also attracts young families and working professionals looking for a high quality of life. The cultural diversity of Penticton is continually expanding, with a significant percentage of the population being of European descent. The city also has a growing Indigenous population, which adds to the cultural richness of the community.
The local economy in Penticton is driven by a range of industries, including tourism, agriculture, and technology. The city is home to many thriving small businesses, as well as larger companies that provide employment opportunities for residents. The job market is strong, with a low unemployment rate and a variety of job openings in various industries. Penticton is also home to Okanagan College, which provides high-quality education and training programs to students.
Penticton’s economy is fueled by its natural surroundings, including its lakes, mountains, and vineyards. The city’s location in the Okanagan Valley provides access to a wide range of outdoor activities, such as skiing, hiking, and boating. Penticton’s warm climate and long growing season also make it an ideal location for agriculture. The region is known for its vineyards and wineries, which attract tourists from around the world.
Penticton is a dynamic city with a diverse population, strong economy, and breathtaking natural beauty. With its proximity to major cities and transportation hubs, Penticton is easily accessible from other parts of the province and beyond. The city’s thriving job market, excellent education system, and exceptional quality of life make it an attractive destination for individuals and families looking to live, work, and invest in real estate.
REAL ESTATE MARKET
As the demand for housing in Penticton continues to grow, developers are working hard to create more housing options for residents. There are several new developments in the area that offer a range of housing options, including townhouses, condos, and single-family homes.
One of the reasons for the growth in Penticton’s real estate market is the town’s growing economy. The region has a diverse economy that includes tourism, agriculture, and manufacturing. The wine industry is a major player in the region, and there are many wineries in the area that attract visitors from around the world.
LIFESTYLE
Penticton is a vibrant city with a rich culture and abundant recreational opportunities that attract people from all over the world. Whether you’re a nature lover, sports enthusiast, or art lover, there’s something for everyone in this city.
The area surrounding Penticton is a nature lover’s paradise, with breathtaking mountain ranges, pristine lakes, and scenic trails. The city is located at the southern end of Okanagan Lake, which is renowned for its crystal-clear waters and stunning scenery. Residents can enjoy a variety of water activities, including boating, fishing, and swimming.
In addition to its natural beauty, Penticton boasts a thriving arts and culture scene. The city is home to several galleries, museums, and theaters that showcase local talent and international artists. Every year, Penticton hosts a number of cultural events, such as the Okanagan Fall Wine Festival and the Peachfest, which celebrate the region’s heritage and agricultural traditions.
For those looking for a night out, Penticton has a variety of bars, restaurants, and clubs that offer live music, comedy, and dancing. There’s always something happening in the city, whether it’s a concert, festival, or community event.
One of the most unique attractions in Penticton is the SS Sicamous, a historic steamship that has been converted into a museum. The ship offers visitors a glimpse into the city’s rich history and the role that steamships played in the region’s development.
Penticton also has a number of parks and outdoor spaces that provide residents with ample opportunities for outdoor recreation. The city’s most popular park is the Penticton Rotary Park, which features a beach, playgrounds, picnic areas, and sports fields.
EDUCATION
Penticton has a great school system that is highly regarded by parents and educators alike. The city is home to several public and private schools that offer a diverse range of educational opportunities for students of all ages.
The public school system in Penticton is run by School District No. 67, which serves the surrounding area. There are several elementary schools in the district, including Parkway Elementary, Wiltse Elementary, and Queen’s Park Elementary. Middle and secondary schools in the area include Skaha Lake Middle School, Princess Margaret Secondary School, and Penticton Secondary School.
In addition to the public school system, Penticton also has several private schools that offer high-quality education. One of the most well-known private schools in the area is Penticton Christian School, which provides students with a strong Christian education.
Overall, the quality of education in Penticton is excellent, with a strong focus on academic achievement and student success. Students in the area consistently perform above average on standardized tests and are well-prepared for higher education and future career opportunities.
In addition to traditional academic programs, Penticton also offers a variety of alternative and specialty programs for students. These include French immersion programs, music programs, and special needs programs for students with disabilities.
Parents in Penticton have a lot of choices when it comes to selecting the right school for their children. Whether they prefer a public or private education, a traditional academic program or a specialized program, Penticton has something to offer every student.
Penticton’s school system is a strong and vital component of the city’s community. The city provides students with an excellent education that prepares them for future success, and parents can rest easy knowing that their children are receiving a high-quality education in a safe and nurturing environment.
INVESTOR'S ALERT or FIRST-TIME HOME BUYERS. NO strata fees for this lower-level half-duplex. This 3 bedroom 2 bathroom offers ample living space and a cozy eating area off the kitchen. Recent upgrades include new paint in and out, new windows, areas of new flooring and blinds. There are 2 designated parking stalls in front of the building, a covered patio, and access to the newly fenced shared backyard. The home is situated within walking distance of the downtown, schools, shopping, hospital, and other amenities. Stop paying down someone else's mortgage and own your own home today! If you are an investor and want to own both units in this duplex, please check out MLS #10303326. (id:50889)
Walking distance to Skaha Lake, this charming two-bedroom condominium features a modern kitchen equipped with stainless steel appliances, this condo is ideally positioned on the southwest corner of the building, offering scenic views of the Oxbow. With a manageable down payment, your mortgage payments could be more affordable than renting a comparable two-bedroom condo in Penticton! Currently rented out for $1400.00. Tenant is willing to stay. All measurements are approx. Buyer to verify (id:50889)
NO STRATA FEES/NO RESTRICTIONS - Welcome to this beautiful half-duplex situated in a central location close to all amenities. This townhouse features open-concept living/kitchen space with 3 bedrooms, 2.5 bathrooms, a beautiful kitchen with quartz countertop and stainless steel appliances as well as your own private yard. 10' ceilings throughout make the home look spacious and inviting. Built in 2018 with home warranty still in place, this home is perfect for investors or a small family. Quick possession possible! Measurements approximate. Buyer to verify; if important. (id:50889)
The Ridge Penticton. This beautiful custom built over 3,100sq.ft. Two Level Home w/Legal 2-Bedroom Suite on main is built by Blue Haven with over 25-year experience in building fine homes. Main floor features large open foyer, Den & Power Room for upstairs, large open fully self contained 2-bedroom suite with its separate entry, laundry and heating system. Upstairs features Master-bedroom w/one of kind ensuite, walk-in closet and stunning views, second large bedroom w/walk-in closet, open kitchen & dinning-room, pantry, laundry-room and Great Room. Additional features include over-height ceilings, large covered sundeck to enjoy the panoramic views, double garage, two full set of appliances, heating and cooling systems, and much more. A must-see house. Well priced! Show & SELL! (id:50889)
This bright, east-facing 2 bedroom + den, 2.5 bathroom, 1368sqft gem sits directly across from one of the most beautiful beaches and lakes in the Okanagan. The bright and open floor plan features a well-appointed designer kitchen with granite counter tops, eating bar and stainless-steel appliances. The den has beautiful millwork, tons of storage, and a cozy fireplace. A unique feature of this unit is that both bedrooms have granite and tile ensuites and the primary bathroom has a separate shower, tub and double sinks. The primary bedroom also features loads of closet space and access to the balcony, which includes a gas BBQ hook-up. This unit features one parking stall, a storage locker and a wine locker. Lakeshore Towers is the only condo complex in Penticton that offers an outdoor pool & hot tub, a sauna, two fitness rooms, three amenity rooms, a putting green, secure bike storage, guest suites, and an exceptional outdoor common area with BBQs and seating within landscaped grounds & gardens. This condo is in the heart of the city, steps from the lake and a short stroll to the marina, shopping, incredible restaurants, wineries, and breweries. The strata allows 2 pets, including dogs, and rentals are allowed with 3 months minimum term. (id:50889)
Amazing development opportunity for 12 townhomes in a prime location in Penticton, BC, just one block from Okanagan Lake and close to a variety of the city’s best amenities. The project is under review and close to obtaining a development permit from the City of Penticton. The proposed project comprises 12 thoughtfully and professionally designed luxury townhomes ranging from 1630 sq ft to 2050 sq ft, complete with garages and rooftop patios. Notably, the size and the alley access for the property allows for diverse development options, including rental apartments, condominiums, duplexes, or single-family residences with suites. The assembly of four lots for this project is rare in the south Okanagan. Take advantage of an approved project that will be ready to be built in a highly sought-after area with a shortage of inventory in the foreseeable future. For an in-depth information package including proposed plans, contact the listing agent. (id:50889)
This character-filled home is ready for QUICK POSSESSION, offering 3 bdrms, 2 full bths, & a blend of charm & versatility that is priced accordingly to make it your own! With high ceilings & original hardwood flooring, the residence boasts a classic appeal, updated stainless steel fridge, stove, & hood range, along with a notable upgrade to 200 AMP electrical service in the fall. The property features a spacious IN-LAW SUITE in the basement, complete with its own laundry & outside access, making it an attractive option for those seeking extra space or investors exploring rental opportunities, there's even potential to transform it into a 5 bdrm home! Situated on a generously sized, FENCED, CORNER LOT, the property imparts a sense of privacy with its fruit trees & garden areas. Currently zoned as ""RD2,"" it holds development potential, adding to its value. Location is a standout feature, just a short walk away from Okanagan Lake, downtown core, Casino, South Okanagan Event Center, community center, breweries, restaurants, & schools. Ample off-street parking, coupled with back lane access, offers flexibility, accommodating RV parking or extra vehicles. All measurements are approx. and should be verified by the Buyer if deemed important. (id:50889)
Investment opportunity in central PENTICTON! This 2018-built FOUR-PLEX, comprising two full duplexes with legal suites, offers two 2-bed/2-bath units and two 1-bed/1-bath units, each with in-suite laundry and separate metering. Featuring quality construction with modern layouts, custom cabinetry, and energy-efficient heat pump systems, this property is centrally located near Safeway, Starbucks, Shoppers Drug Mart, and BC Liquor Stores, with designated parking. With Penticton's low vacancy rates, expect a solid CAP rate. Whether investing solo, with partners or considering living in one unit while renting out the others, this opportunity is yours to seize. Potential to generate gross monthly rents exceeding $7,000.00. (id:50889)
Investment opportunity in central PENTICTON! This 2018-built FOUR-PLEX, comprising two full duplexes with legal suites, offers two 2-bed/2-bath units and two 1-bed/1-bath units, each with in-suite laundry and separate metering. Featuring quality construction with modern layouts, custom cabinetry, and energy-efficient heat pump systems, this property is centrally located near Safeway, Starbucks, Shoppers Drug Mart, and BC Liquor Stores, with designated parking. With Penticton's low vacancy rates, expect a solid CAP rate. Whether investing solo, with partners or considering living in one unit while renting out the others, this opportunity is yours to seize. Potential to generate gross monthly rents exceeding $7,000.00. (id:50889)
Investment chance in Penticton with 8 units! Comprising of two 2018-built four-plexes, each includes two duplexes with legal suites. Each four-plex offers two units of 2-bed/2-bath and two of 1-bed/1-bath, all with in-suite laundry and individual metering. Built with modern designs, custom cabinetry, and energy-efficient heat pumps. Centrally located near Safeway, Starbucks, Shoppers Drug Mart, and BC Liquor Stores, including designated parking. Penticton's low vacancy rates promise a strong CAP rate. Ideal for solo investors, partnerships, or residing in one unit while renting the others. Potential to generate gross monthly rents exceeding $14,000.00. (id:50889)
ATTENTION: INVESTORS AND DEVELOPERS! 145 Van Horne Street is a lucrative opportunity for investors with the large lot size, and being located in the newest hub of town, just steps away from sparkling Okanagan lake, marina, tennis courts, breweries, shops, restaurants and downtown. Adding to the appeal is the back lane access, providing potential for future development. The 1000 sq. ft. 2 bedroom home on the property also has a non-conforming 14 x14 cabin with a 7 x14 loft and wrap around deck. Don't miss out to live or build in this exciting area of Penticton. All meas. approx. (id:50889)
CLICK TO VIEW VIDEO: Welcome to Unit 108 at The Artisan on Lee, a stunning representation of modern luxury living, nestled just a block away from the picturesque Skaha Lake and Park in Penticton. This 3-bedroom, 3.5-bathroom townhome is a haven of style and comfort, offering over 1,900 sqft of elegant living space and prime access to local attractions. Discover on-trend styles, chic light fixtures, elegant flooring and finishes. The kitchen, an entertainer's dream, boasts shaker doors with illuminated cabinets, stainless appliances and a custom tile backsplash. The open concept living area is accentuated by sleek fireplace tilework, large windows, and covered patio. Ascending to the next floor, a lightwell bathes the area in natural light, emphasizing larger room sizes, including two spacious bedrooms and a spa-like 5-piece bathroom with central laundry. The primary suite has a luxurious bathroom, a soaker tub, and heated floors. A remarkable rooftop patio, perfect for relaxation and entertainment, featuring a phantom screen, gas fireplace, and hot tub; ideal for enjoying lake views. This property offers 10ft ceilings, double garage and has hardly been lived in. A luxurious, low-maintenance lifestyle where spontaneous trips to the beach can be enjoyed daily. Furnishings are negotiable. Contact for a private showing. (id:50889)
