1471 & 1473 Government Street
Penticton, BC V2A4V9
$1,949,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.48 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $8,052.05
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10390323
- Listed
- June 8, 2026
- Time on market
- On the market for 84 days
- Data last synced
- August 28, 2026
Listing provided by: Chamberlain Property Group · Data source: CREA DDF.
Description
SELLERS WILL SELL SEPARATELY OR AS A LAND ASSEMBLY! Premium Multi Family Development Potential. This designated High Density area by the OCP envisions heights up to 6 storeys of apartment use. The two parcels are only sold together and provide a 21,000 SF footprint. Under 100 steps to the Hospital and close to transportation, recreation, schools and shopping. This rare opportunity to develop one of the best locations in the city. Your opportunity to get involved in the future of Penticton housing. The Zoning process has now been streamlined and because of the OCP designation, no public hearing would be required. Start building now or a great holding property with rental income available from two homes. For more information please contact listing agent. (id:63159)
Location Insights
Weather
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
30
6/9 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 | 478 m |
| Penticton Christian School(Independent) | K-12 | 884 m |
| Entre-lacs | Elementary/Middle | 1.0 km |
| Penticton Secondary | Secondary | 1.2 km |
| Secondaire de Penticton | Secondary | 1.2 km |
| ConnectEd - Alternative Programs | Secondary | 1.2 km |
| Columbia Elementary | Elementary | 1.5 km |
| Wiltse Elementary | Elementary | 1.6 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.
Nearby Places
Restaurants (4)
- Kura593 m
- Casa Deli Bistro641 m
- White Spot · Main Street670 m
- Earls · 1848 Main Street738 m
Cafes (3)
- Starbucks · 1636 Main Street575 m
- Wheatgrass Cafe · Main Street616 m
- Starbucks772 m
Grocery (4)
- Canadian Wholesale Club · Main Street421 m
- Penticton IGA · 1160 Government Street546 m
- Whole Foods Market · Main Street603 m
- Safeway792 m
Parks (2)
- McLaren Park284 m
- Kiawanis Park771 m
Pharmacies (2)
- PharmaChoice · 1848 Main Street704 m
- Shoppers Drug Mart797 m
Banks & ATMs (2)
- Unnamed772 m
- Unnamed776 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($389,800) — 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.