Property Type: Detached HouseOwnership: Freehold

1243 Evans Avenue

Penticton, BC V2A8R7

$2,999,000

3 bed1 bath3 parking1,625 sqftBuilt 2025
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
7.63 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,922.91

Interior

Heating
Heat Pump, Electric
Cooling / A/C
Central air conditioning, Heat Pump
Fireplace
Yes (1)
Fireplace type
Insert
Flooring
Hardwood, Porcelain Tile

Exterior & Lot

Exterior features
Stucco, Metal
View
Lake view, Mountain view, Valley view, View (panoramic), Unknown

Building

Roof
Asphalt shingle, Other, Unknown

Parking

Total spaces
3 — covered indicated
Features
Attached Garage, RV, See Remarks

Room Dimensions

RoomLevelDimensions
Full bathroomSecondary Dwelling Unit4'11'' x 9'9''
Full bathroomSecondary Dwelling Unit4'11'' x 8'5''
BedroomSecondary Dwelling Unit10'4'' x 11'4''
Primary BedroomSecondary Dwelling Unit11'3'' x 12'7''
Dining roomSecondary Dwelling Unit10'5'' x 18'6''
Living roomSecondary Dwelling Unit12'6'' x 13'1''
KitchenSecondary Dwelling Unit10'3'' x 10'10''
3pc BathroomMain level7'2'' x 7'8''
BedroomMain level10'8'' x 10'2''
BedroomMain level10'5'' x 12'4''
Primary BedroomMain level11'1'' x 12'4''
FoyerMain level4'6'' x 6'2''
Dining nookMain level7'9'' x 8'1''
Dining roomMain level11' x 11'6''
Living roomMain level17'9'' x 19'5''
KitchenMain level11' x 12'8''

Listing Information

MLS®
10396443
Listed
July 31, 2026
Time on market
On the market for 31 days
Data last synced
August 28, 2026

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

Description

Discover an extraordinary opportunity to own a private 7.6-acre vineyard estate showcasing breathtaking lake and mountain views, just minutes from town yet surrounded by the peace and beauty of a rural setting. Backing directly onto the world-renowned KVR Trail and located just moments from acclaimed local wineries, this exceptional property offers the perfect blend of lifestyle and investment. Approximately 5.5 acres are planted in income-producing vines featuring Cabernet Franc, Pinot Noir, Pinot Gris and Tempranillo. A newly constructed 39-foot concrete shop with 16-foot ceilings provides outstanding workspace and storage, while the beautifully finished modern two-bedroom carriage home above offers stylish, comfortable living. The original farmhouse is currently leased, providing additional income. A development permit is already in place for the construction of a new residence and winery, creating endless potential to establish a boutique wine operation, expand the vineyard, or build your dream estate. Rarely does a property combine spectacular views, vineyard income, premium infrastructure and exceptional development opportunities in such a sought-after location. (id:63159)

Values & Trends

This listing

$1,846/sqft

Building average

No other active listings in this building

Penticton Rural average

$768/sqft

10 active listing(s)

Parking: 3 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.

Nearby Schools

SchoolTypeDistance
Uplands ElementaryElementary2.6 km
Entre-lacsElementary/Middle3.7 km
ConnectEd - Alternative ProgramsSecondary3.8 km
Secondaire de PentictonSecondary3.9 km
Penticton SecondarySecondary3.9 km
Queens Park ElementaryElementary4.2 km
Penticton Christian School(Independent)K-124.3 km
Columbia ElementaryElementary4.3 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: 20.0% ($599,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,399,200.00
Periodic payment — Principal & Interest (monthly)$15,478.82
Additional monthly expenses (strata, tax, utilities, etc.)$741.24
Total monthly cost$16,220.07
Interest paid over 5-yr term$687,617.62
Balance at end of term$2,158,088.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$599,800
Stress test qualifying rate8.09%
Payment you must qualify for$18,449.01

Cash Needed at Closing

Minimum down payment$599,800
Estimated BC PTT$67,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$669,270

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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