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.
BRING YOUR OWN BUILDER, GST ALREADY PAID. Panoramic city, lake and airport view lot in the Bluffs at Skaha. This lot likely has one of the finest views of Penticton, oversees the entire city of Penticton, both Skaha and Okanagan lake, and the airport. You can enjoy nature around you while exploring the beautiful trails that are within walking distance. The lots are ready to build, roads are paved, and sidewalks are in place. You can build a 2-story home or a Rancher with a walkout basement. Building scheme in place to maintain the quality around. Act now to call this most sought-after area in Penticton your home. (id:50889)
Well-established Czech and European cafe in downtown Penticton just across from the beach & adjacent to Okanagan Lake Marina - the perfect setting for both locals and tourists to enjoy views of the lake with a fresh cup of coffee and home-made delights! This cafe is an integral part of the vibrant downtown scene and is an excellent tourist hotspot and a favorite for bikers, paddleboarders, boaters, and yacht club enthusiasts. The property is a versatile commercial mixed-use unit at Lakeview Terraces, secured under lease until 2029 with excellent renewal options. This is a fantastic opportunity to own a thriving business in the heart of Penticton, where every cup of coffee comes with a side of culture and breathtaking views. (id:50889)
Welcome to unit #104 in Canyon Court! This ground level, 2 bed 1 bath unit would be perfect for a first time home buyer or someone looking to purchase as an investment! Covered parking in the back with storage space. Well run strata. Close to public transit, school, walking path along Penticton Creek! No age restrictions, 1 pet and rentals are allowed! Contact the listing agent to view! (id:50889)
This income producing property is tenanted by an excellent daycare which pays rent as well as property tax and insurance. There is also a potential to assume the current low rate mortgage for qualified and approved purchasers. Penticton has a strong demand for this type of business and limited properties that meet the criteria. 96 Yorkton has a special designation in the City of Penticton zoning bylaw to allow R1 (daycare centre major). The lot is over 10,000 sqft with tons of space for learning inside and outside, and it's conveniently located just over a block away from Skaha Park and the beach. The rear yard is fenced and grassed with a playground area in the back, as well as a detached heated garage measuring 20x25 feet. There is plenty of room for parking on the property outside of the play areas. This is a great opportunity if you are looking to invest for now or the future! Contact your favorite agent for more information. (id:50889)
Amazing character home in the heart of Penticton! Three bedrooms/two bathrooms featuring a huge garage/workshop and a fully fenced yard. Gated front driveway and gated back driveway at alley access. The main bedroom on the 2nd floor is large and there is another spacious second bedroom with an updated half bathroom that can be accessed by both bedrooms. The 3rd bedroom is located on the main floor. Bright and sunny open kitchen with white cabinets and a new stainless steel stove, double oven, and dishwasher. There is plenty of counter space & access to outside. The main floor has a full bath, a large living/dining room, laundry, a deck off the laundry room, and a huge front entrance.The unfinished basement is perfect for storage, bring your canned goods and wine! The fully fenced south-facing backyard with a deck is the perfect place to hang out in the summer. Includes 2 free street parking permits. Close to everything downtown Penticton has to offer: shopping, malls, parks and public transportation.Only one block away from the Farmer's Market and close to Penticton Creek and the KVR Trail. Only a 4-minute drive to Okanagan Lake Beach! 10 min drive to Skaha Lake Park! Some of the Okanagan's best Wineries are nearby! Too many upgrades to list, but includes new windows in 2020, (except mud rooms), a main sewer line in 2017, furnace and hot water tank replaced in 2017. (id:50889)
Red Wing Resorts - 2 bedroom, 2 bath rancher - 1485 square feet home, with double garage and nice sized family room with gas fireplace. Living room has a formal dining area plus a bright eating area off the kitchen. Private backyard with a covered patio area. This 40+ gated community allows 2 pets on approval, and minimum 3 month rentals. There is a clubhouse, dock and private beach that is included with the $220 monthly fee. Includes fridge, stove, dishwasher, microwave, washer, dryer, central vac and they'll throw in the pool table! Quick possession available. (id:50889)
Rarely offered - strata titled duplex close to downtown, schools and transit. Perfect for multi-generational living and/or investment. Measurements are for one side only. Each side has a 2 bdrm & den suite on upper level and non-conforming 1 bedroom suite on the ground level. Shared laundry. Upper level unit (101)is vacant and ready to move into and lower unit is vacant May 1/24. Unit 102 - tenanted. Some flooring updates have been completed. Low maintenance grounds. (id:50889)
OPEN HOUSE SATURDAY MAY 4, 2024 FROM 10AM TO NOON. BRAND NEW, MOVE-IN READY quality, contemporary home built by Lake City Construction; local, reputable builders, building quality homes in the Okanagan for years. This gorgeous home offers Smart Home technology, a 2-5-10 warranty, a legal one-bedroom, one-bathroom suite with a private laundry, separate entry, and parking. The main floor provides luxurious in-floor heating in the bathrooms and a gorgeous view from every room. Highlights on the main include 12ft and 9ft ceilings, modern finishes, a high-end appliance package, Canadian hardwood flooring, a linear gas fireplace, central air, a walk-in closet package and great use of windows for a flood of natural lighting. There is also an oversized double-car garage, a covered deck, a covered patio, and a fully landscaped low-maintenance yard. It's located in a newer community just 9 minutes from Cherry Lane Shopping Centre and even closer to both levels of schooling. There is even easy access to parks and trails in the neighbourhood. Some photos have been staged. (id:50889)
Welcome to The Bluffs at Skaha! This beautiful executive four bedroom two storey home with two bedroom legal suite is brought to you by Blue Haven Ventures Inc. The main floor features two spacious bedrooms and large media room that form part of the main home, as well as an amazing two bedroom legal suite. The upper level consists of a stunning primary bedroom with five piece ensuite and walk-in closet, a beautiful guest bedroom with four piece ensuite and walk-in closet, open kitchen, living, and dining areas with loads of large windows to take in the views of Skaha Lake, front and back spacious decks, and stairs up to the roof top patio to really absorb the panoramic lake and city views. Call the Listing Representative for details. (id:50889)
Embrace the peace and quiet of this 4500 sq ft rancher with a walk-out basement and a legal suite, offering the serenity of backing onto an orchard and showcasing picturesque valley and mountain views. Situated conveniently close to town, wineries and the KVR trail, this home is perfectly located. On one side of the house, you'll find 2 bedrooms, one with large ensuite and walk-in closet. Open living and kitchen and 2nd bedroom while on the other end, there is a self contained 1 bedroom plus den legal suite. Perfect set-up for family members or extra income. The walk-out basement is unfinished and waiting for your ideas. All measurements are approx and buyer should verify if important. (id:50889)
Welcome to this charming 4-bedroom, 3-bathroom family home nestled in a prime location in a highly desirable neighborhood near Uplands Elementary, widely recognized as the best elementary school in Penticton. The main floor boasts a well-appointed kitchen with a convenient breakfast nook. This open concept design flows seamlessly into the family room, creating a hub for family activities and entertaining. In addition you'll find a dedicated dining room and a spacious livingroom on the main floor. All four bedrooms are located on the upper floor, ensuring privacy and tranquility. The property features a 20x22' garage, providing ample space for parking and storage, an 8x10 sturdy metal shed adds to the storage options. A spacious deck is perfect for outdoor gatherings, barbecues, and relaxation. It extends the living space and the fully fenced backyard ensures privacy and safety for children and pets. It's a versatile space with endless possibilities. (id:50889)
Finding a 1 acre lot with a aprox. 164 feet front and 256 feet depth in a close proximity to Penticton while maintaining a private setting is an exceptionally uncommon opportunity. This location is conveniently just a short 10-minute drive from Penticton's downtown amenities and beaches. Furthermore, it's worth noting that under the new short-term rental regulations, you have the option to successfully operate an Airbnb alongside your primary residence. Call for more info. (id:50889)
