1049 Government Street
Penticton, BC V2A4T9
$699,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1
- Lot size
- 0.29 acres
- Frontage
- 65 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,315.68
Interior
- Basement
- Full
- Heating
- Forced air, Electric
- Fireplace
- Yes (1)
- Fireplace type
- Free Standing Metal
- Flooring
- Carpeted, Linoleum, Wood
Exterior & Lot
- Exterior features
- Stucco, Wood siding
- View
- Mountain view
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Features
- Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Basement | 20'8'' x 22'4'' |
| 2pc Bathroom | Basement | — |
| Utility room | Basement | 8'3'' x 9'0'' |
| Den | Basement | 14'10'' x 12'0'' |
| Bedroom | Basement | 11'6'' x 9'0'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 10'3'' x 10'5'' |
| Primary Bedroom | Main level | 10'6'' x 10'5'' |
| Dining room | Main level | 8'5'' x 9'7'' |
| Living room | Main level | 14'4'' x 12'3'' |
| Kitchen | Main level | 10'0'' x 9'5'' |
Listing Information
- MLS®
- 10386049
- Listed
- May 4, 2026
- Time on market
- On the market for 119 days
- Data last synced
- August 28, 2026
Listing provided by: Chamberlain Property Group · Data source: CREA DDF.
Description
Capitalize on Penticton's booming real estate market with this exceptional investment property featuring NEW multi-unit zoning and future approval for even higher density development. This rare find offers immediate income potential through the existing 4-bedroom, 2-bathroom home while you develop your long-term vision. The clean, functional holding property can generate rental income during planning phases, while the fully fenced lot with dual access points (front and laneway) maximizes development flexibility. Established fruit trees and mountain views add immediate appeal for future residents. Located minutes from Penticton's pristine beaches, top-rated schools, recreational parks, and vibrant downtown dining and shopping district, this prime location ensures strong rental demand and future resale value. The City-backed rezoning initiative supports multiple structural opportunities on this generous lot, and with Penticton's strategic densification focus, early investors are positioned to maximize returns as the market continues its upward trajectory. The vacant property offers quick possession, allowing immediate implementation of your investment strategy. Don't miss this opportunity to secure your stake in one of BC's most desirable markets. (id:63159)
Values & Trends
This listing
$356/sqft
Building average
—
No other active listings in this building
Main North average
$492/sqft
56 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
13°C
Mainly Clear
Humidity 81%
Wind NNW 3 km/h
Tonight
12°
Tuesday
27°
Tuesday night
15°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
36,885
(2021 Census)
+9.3% since 2016
Density: 857.2/km²
Dwellings: 18,457
Median household income: $68,000
After-tax: $61,600
Immigrant population: 13.4%
Top countries of origin (% of total population)
- United Kingdom2.6% · 960
- India1.5% · 535
- United States of America1.1% · 415
- Germany1.1% · 390
- Philippines1% · 375
- Portugal0.5% · 200
- Netherlands0.5% · 175
- Korea, South0.3% · 110
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
41
5/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Penticton Christian School(Independent) | K-12 | 501 m |
| Secondaire de Penticton | Secondary | 553 m |
| Penticton Secondary | Secondary | 553 m |
| ConnectEd - Alternative Programs | Secondary | 569 m |
| Holy Cross School(Independent) | Elementary/Middle | 571 m |
| Entre-lacs | Elementary/Middle | 774 m |
| Uplands Elementary | Elementary | 1.4 km |
| Columbia Elementary | Elementary | 1.7 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (3)
- Casa Deli Bistro100 m
- Penticton Pizza & Subs745 m
- Theo's Restaurant793 m
Grocery (1)
- Penticton IGA · 1160 Government Street197 m
Parks (5+)
- Kiawanis Park188 m
- Unnamed447 m
- Unnamed473 m
- Unnamed491 m
- McLaren Park548 m
Gyms (1)
- Unnamed545 m
Pharmacies (1)
- Sunrise Pharmacy · 749 Main Street731 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.