Property Type: Detached HouseOwnership: Freehold

498 Braid Street

Penticton, BC V2A4Y2

$700,000

3 bed2.5 bath1,902 sqftBuilt 1951
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Property Details

Property & Lot

Sub-type
House
Stories
1.5
Lot size
0.14 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,286

Interior

Basement
Partial
Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

Exterior features
Stucco

Building

Roof
Asphalt shingle, Unknown

Parking

Features
Rear, Street

Room Dimensions

RoomLevelDimensions
Living roomMain level15' x 15'
Dining roomMain level14' x 8'
KitchenMain level13' x 8'
Primary BedroomMain level13' x 11'
BedroomMain level12' x 11'
Laundry roomMain level12' x 7'
Full bathroomMain level
Recreation roomSecond level11' x 11'
Recreation roomSecond level21' x 13'
Partial bathroomSecond level
BedroomBasement11' x 11'
DenBasement11' x 11'
WorkshopBasement10' x 10'
Utility roomBasement20' x 10'

Listing Information

MLS®
10382050
Listed
April 7, 2026
Time on market
On the market for 146 days
Data last synced
August 28, 2026

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

Description

498 Braid Street is a charming opportunity in one of Penticton’s evolving downtown neighbourhoods — perfect for first-time buyers, young families, or those looking for a property with room to grow over time. Situated on a generous flat 60’ x 100’ double lot, this property offers plenty of outdoor space to enjoy now while providing flexibility for the future. Ideally located just steps from downtown amenities, you’re within walking distance to Okanagan Lake beaches, the popular Saturday Farmers Market, the Kettle Valley Trail, and a fantastic selection of local shops, cafes, and restaurants. The home features 3 bedrooms and 2 bathrooms with a functional layout that includes a charming upper loft space full of character. Outside, you’ll find a spacious yard ideal for kids, pets, gardening, or entertaining, along with a detached single-car garage/workshop with convenient lane access. Whether you’re searching for your first home, a comfortable place to settle in, or a solid long-term holding property in a central location, this home offers outstanding potential and lifestyle appeal. All measurements are approximate and should be verified if important. Contact the listing Realtor today for more information or to book your private showing. (id:63159)

Values & Trends

This listing

$368/sqft

Building average

No other active listings in this building

Main North average

$492/sqft

56 active listing(s)

Parking: Not indicatedStorage 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

37

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

SchoolTypeDistance
ConnectEd - Alternative ProgramsSecondary376 m
Secondaire de PentictonSecondary490 m
Penticton SecondarySecondary490 m
Penticton Christian School(Independent)K-12847 m
Uplands ElementaryElementary1.0 km
Queens Park ElementaryElementary1.1 km
Holy Cross School(Independent)Elementary/Middle1.3 km
Entre-lacsElementary/Middle1.4 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+)

  • Lachi242 m
  • Sushi Heaven · 564 Main Street259 m
  • Gratify Foods · 544 Main Street265 m
  • The Cellar268 m
  • Twisted Chopsticks289 m

Cafes (5+)

  • Angry Vegan · 536 Main Street255 m
  • Caffè d'Italia289 m
  • Blenz Coffee449 m
  • Bellevue Cafe525 m
  • Wayne & Freda · 249 Westminster Avenue W772 m

Parks (5+)

  • Unnamed420 m
  • Unnamed449 m
  • Unnamed479 m
  • Unnamed578 m
  • Vancouver Avenue Park686 m

Pharmacies (3)

  • Remedy'sRx346 m
  • Knights Pharmacy363 m
  • Sunrise Pharmacy · 749 Main Street496 m

Banks & ATMs (5+)

  • Prospera Credit Union277 m
  • TD299 m
  • Scotiabank321 m
  • RBC419 m
  • CIBC479 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($45,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$560,000.00
Periodic payment — Principal & Interest (monthly)$3,612.93
Additional monthly expenses (strata, tax, utilities, etc.)$452.17
Total monthly cost$4,065.10
Interest paid over 5-yr term$160,497.61
Balance at end of term$503,721.81

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$45,000
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.72

Cash Needed at Closing

Minimum down payment$45,000
Estimated BC PTT$12,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,500

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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