Property Type: Detached HouseOwnership: Freehold

115 Elm Avenue

Penticton, BC V2A3W1

$1,775,000

3 bed2 bath2 parking1,974 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.21 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,138.62

Interior

Basement
Crawl space
Heating
Heat Pump, Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Electric, Unknown
Flooring
Tile, Vinyl

Exterior & Lot

Exterior features
Stucco
View
Lake view, Mountain view, View of water, View (panoramic)

Building

Roof
Metal, Unknown

Parking

Total spaces
2 — covered indicated
Features
Detached Garage, Heated Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
OtherMain level8'3'' x 6'9''
Primary BedroomMain level13'0'' x 14'11''
Living roomMain level24'9'' x 15'3''
KitchenMain level13'9'' x 15'8''
FoyerMain level12'4'' x 6'4''
Dining roomMain level12'9'' x 15'1''
BedroomMain level12'5'' x 9'0''
BedroomMain level12'1'' x 10'2''
Full ensuite bathroomMain level16'11'' x 14'11''
Full bathroomMain level7'10'' x 11'9''

Listing Information

MLS®
10392848
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Penticton Realty · Data source: CREA DDF.

Description

This is the ultimate Okanagan retirement property! Walk across the street and you are at Skaha Lake Beach with vast park area, walking trails, marina, playground, beach volleyball, and tennis courts.. Custom designed for lake life, this outstanding three bedroom and two bathroom rancher features an open concept design, amazing kitchen with center island and adjacent spacious living area, vaulted ceilings in the dining area with panoramic views of Skaha Lake and Park, stunning primary bedroom with walk thru closets to the five piece spa inspired ensuite, two guest bedrooms because you will need them, and a four piece main bathroom. The incredible outdoor living space covers off all of your entertaining needs with a private covered gazebo, open sitting area, and a dedicated space for the brand new hot tub after a dip in the lake. You can also enjoy watching every day lake life from the comfortable front patio after a day at the beach. Additional family can enjoy their own guest suite with three piece bathroom that is attached to the double garage, lots of parking, and space for an RV. Beautiful landscaped low maintenance irrigated yard and lane access. You need to view this now! (id:63159)

Values & Trends

This listing

$899/sqft

Building average

No other active listings in this building

Main South average

$600/sqft

24 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

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

Mainly Clear

17°C

Mainly Clear

Humidity 67%

Wind NE 4 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

19

2/9 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

SchoolTypeDistance
Princess Margaret SecondarySecondary866 m
Wiltse ElementaryElementary2.1 km
Holy Cross School(Independent)Elementary/Middle3.4 km
Penticton Christian School(Independent)K-123.8 km
Columbia ElementaryElementary3.9 km
Entre-lacsElementary/Middle4.1 km
Penticton SecondarySecondary4.2 km
Secondaire de PentictonSecondary4.2 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 (2)

  • Skaha Pizza435 m
  • Kojo451 m

Parks (4)

  • Skaha Lake Park180 m
  • Unnamed494 m
  • Unnamed681 m
  • Unnamed684 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($355,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,420,000.00
Periodic payment — Principal & Interest (monthly)$9,161.36
Additional monthly expenses (strata, tax, utilities, etc.)$777.22
Total monthly cost$9,938.58
Interest paid over 5-yr term$406,976.08
Balance at end of term$1,277,294.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$355,000
Stress test qualifying rate8.09%
Payment you must qualify for$10,919.30

Cash Needed at Closing

Minimum down payment$355,000
Estimated BC PTT$33,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$390,000

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.

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