Property Type: Land / LotOwnership: Freehold

151 Timberstone Place

Penticton, BC V2A0B5

$399,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.15 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,470

Interior

Fireplace
None

Listing Information

MLS®
10388899
Listed
May 26, 2026
Time on market
On the market for 98 days
Data last synced
August 28, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

*** For more information, please click Brochure button. *** Build your dream home on this fully serviced, city-view lot located in the prestigious and family-friendly Wiltse neighbourhood of Penticton. Nestled in a quiet cul-de-sac within a recently developed area, this property offers the perfect combination of privacy, natural beauty, and convenience. The lot has been professionally prepared with engineered concrete retaining walls and comes with a custom-designed home plan specifically tailored for this site, which can be used if desired. All major utilities are available at the lot line, including sewer, water, electricity, and natural gas—making it truly ready for development. Enjoy breathtaking panoramic views of the city and surrounding landscape from your future home, while being just minutes away from all essential amenities. Cherry Lane Shopping Centre, Penticton Regional Hospital, schools, parks, and other local conveniences are all within a five-minute drive. This is a rare opportunity to build a custom home in one of Penticton’s most desirable and well-serviced neighbourhoods. Don’t miss out! (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
Wiltse ElementaryElementary226 m
Princess Margaret SecondarySecondary1.3 km
Columbia ElementaryElementary2.0 km
Holy Cross School(Independent)Elementary/Middle2.2 km
Entre-lacsElementary/Middle2.5 km
Penticton Christian School(Independent)K-122.7 km
Penticton SecondarySecondary3.0 km
Secondaire de PentictonSecondary3.0 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: 5.0% ($19,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,920.00
Periodic payment — Principal & Interest (monthly)$2,064.02
Additional monthly expenses (strata, tax, utilities, etc.)$122.50
Total monthly cost$2,186.52
Interest paid over 5-yr term$91,689.99
Balance at end of term$287,769.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,921.34

Cash Needed at Closing

Minimum down payment$19,995
Estimated BC PTT$5,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,493

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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