Property Type: Land / LotOwnership: Freehold

1231 Spiller Road

Penticton, BC V2A8T3

$599,000

Get Directions

Property Details

Property & Lot

Sub-type
Other
Lot size
2.48 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,756.87

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10391379
Listed
June 16, 2026
Time on market
On the market for 76 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Locations West · Data source: CREA DDF.

Description

Build your dream home on this private and peaceful 2.483-acre residential building lot, ideally located just a short drive from Penticton. Zoned SH3 (Small Holdings Three), this exceptional property offers the perfect blend of rural tranquility and convenience. A well is already in place, there is easy access to an extensive network of nearby hiking and biking trails, it is surrounded by nature, and its setting is like a forested retreat. Enjoy the added benefit of being closely surrounded by wineries and just minutes from downtown Penticton. This is a rare opportunity to create your own South Okanagan haven while remaining close to all the amenities, recreation, and lifestyle offered by this beautiful and highly desirable area. (id:63159)

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.

Nearby Schools

SchoolTypeDistance
Uplands ElementaryElementary4.8 km
Entre-lacsElementary/Middle5.7 km
Columbia ElementaryElementary5.9 km
ConnectEd - Alternative ProgramsSecondary6.1 km
Penticton SecondarySecondary6.2 km
Secondaire de PentictonSecondary6.2 km
Penticton Christian School(Independent)K-126.5 km
Queens Park ElementaryElementary6.6 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.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,200.00
Periodic payment — Principal & Interest (monthly)$3,091.64
Additional monthly expenses (strata, tax, utilities, etc.)$146.41
Total monthly cost$3,238.04
Interest paid over 5-yr term$137,340.10
Balance at end of term$431,041.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,337.73

Cash Needed at Closing

Minimum down payment$34,900
Estimated BC PTT$9,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,380

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.

Request more information