303 Nanaimo Avenue W
Penticton, BC V2A1N8
$649,900
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.16 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,983.33
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10385007
- Listed
- April 27, 2026
- Time on market
- On the market for 126 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Penticton Realty · Data source: CREA DDF.
Description
126 ft x 58 ft Flat corner lot zoned RM3 in the heart of Penticton—allowing for a wide range of development including apartments, townhomes, congregate housing, daycare facilities, and more. Zoning permits up to 24 meters in height (approximately 6–8 storeys), making this a prime high-density opportunity. Ideally, located just steps to the downtown core, brewery district, coffee shops, and farmers market, and only a 5-minute walk to Okanagan Lake. A rare, flat corner site with excellent frontage and access—ripe for development in one of the city’s most walkable and rapidly growing areas. Exceptional potential for builders and investors looking to maximize density and long-term value. (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
41
5/9 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 |
|---|---|---|
| Queens Park Elementary | Elementary | 425 m |
| ConnectEd - Alternative Programs | Secondary | 961 m |
| Penticton Secondary | Secondary | 985 m |
| Secondaire de Penticton | Secondary | 985 m |
| Penticton Christian School(Independent) | K-12 | 1.3 km |
| Uplands Elementary | Elementary | 1.6 km |
| Holy Cross School(Independent) | Elementary/Middle | 1.7 km |
| Entre-lacs | Elementary/Middle | 2.2 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 (5+)
- The Black Antler · 218 Winnipeg Street152 m
- Lees Overseas Delights276 m
- Katsu Heaven · 203 Martin Street296 m
- Bad Tattoo · 169 Estabrook Avenue321 m
- Penticton Indian Cuisine350 m
Cafes (5+)
- Balance Vegetarian Shop and Tea Room209 m
- Wayne & Freda · 249 Westminster Avenue W258 m
- Bellevue Cafe350 m
- Blenz Coffee380 m
- Caffè d'Italia463 m
Parks (5+)
- Unnamed441 m
- Unnamed449 m
- Unnamed464 m
- Gyro Park482 m
- Unnamed489 m
Pharmacies (2)
- Remedy'sRx385 m
- Knights Pharmacy401 m
Banks & ATMs (5+)
- CIBC338 m
- Unnamed368 m
- BMO382 m
- RBC391 m
- Scotiabank410 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.2% ($39,990) — 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.