1348 Government Street
Penticton, BC V2A4V8
$449,900
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1
- Lot size
- 0.14 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,744
Interior
- Basement
- Full
- Heating
- Forced air, See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
Exterior & Lot
- Exterior features
- Stucco
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Other, Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 9'11'' x 6'9'' |
| Storage | Basement | 8'6'' x 4'11'' |
| Storage | Basement | 13'11'' x 12'0'' |
| Recreation room | Basement | 15'7'' x 12'0'' |
| 4pc Bathroom | Main level | 6'7'' x 8'6'' |
| Bedroom | Main level | 10'9'' x 8'2'' |
| Bedroom | Main level | 10'5'' x 12'4'' |
| Other | Main level | 8'8'' x 15'11'' |
| Foyer | Main level | 5'8'' x 12'0'' |
| Living room | Main level | 15'10'' x 13'5'' |
| Primary Bedroom | Main level | 13'3'' x 12'4'' |
| 3pc Bathroom | Basement | 7'0'' x 3'10'' |
| Other | Basement | 8'2'' x 12'0'' |
| Den | Basement | 8'1'' x 12'0'' |
| Kitchen | Basement | 8'2'' x 12'0'' |
Listing Information
- MLS®
- 10377853
- Listed
- April 10, 2026
- Time on market
- On the market for 143 days
- Data last synced
- August 28, 2026
Listing provided by: Engel & Volkers South Okanagan · Data source: CREA DDF.
Description
Residential, commercial and investment opportunity all in one spot. Prime C1-zoned property in central Penticton offering live/work flexibility, holding income, and development potential. Located within an area identified in the Official Community Plan for higher-density residential, this property also presents a strong future redevelopment opportunity for multi-unit housing (buyer to verify). Situated on a 0.142-acre lot, this well-located property is walking distance to McLaren Arena, Schools, Penticton Regional Hospital, shopping, and the KVR trail, with public transit right at the doorstep. Options could see this configured as a professional office (it was formerly a chiropractic clinic), as the main level features 3 large offices, reception area, 4-pc bath, and a welcoming waiting room with fireplace and hardwood floors. The lower level provides ample storage, or the layout can be converted into a 3 bedroom, 2 bathroom, ~2,000 sq ft single-family home. Wheelchair accessible for added versatility. C1 zoning supports a wide range of uses including daycare, medical, professional, retail, and service-based businesses, making it ideal for an owner-operator or investor. 5 on-site parking stalls (including 1 covered) with rear lane access add convenience for staff and clients. Contingent. Quick possession available. Duplicate commercial listing. Some photos have been virtually staged. (id:63159)
Values & Trends
This listing
$216/sqft
Building average
—
No other active listings in this building
Main North average
$494/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
7/9 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 |
|---|---|---|
| Holy Cross School(Independent) | Elementary/Middle | 421 m |
| Penticton Christian School(Independent) | K-12 | 746 m |
| Entre-lacs | Elementary/Middle | 866 m |
| Secondaire de Penticton | Secondary | 984 m |
| Penticton Secondary | Secondary | 984 m |
| ConnectEd - Alternative Programs | Secondary | 1.0 km |
| Columbia Elementary | Elementary | 1.5 km |
| Uplands Elementary | Elementary | 1.8 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)
- Casa Deli Bistro425 m
- Kura637 m
Cafes (2)
- Starbucks · 1636 Main Street726 m
- Starbucks780 m
Grocery (4)
- Penticton IGA · 1160 Government Street328 m
- Canadian Wholesale Club · Main Street538 m
- Whole Foods Market · Main Street788 m
- Safeway794 m
Parks (4)
- McLaren Park143 m
- Kiawanis Park579 m
- Unnamed745 m
- McNicoll Park748 m
Gyms (1)
- Unnamed688 m
Pharmacies (1)
- Shoppers Drug Mart777 m
Banks & ATMs (1)
- Unnamed778 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,495) — 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.