506 NELSON Avenue
Penticton, BC V2A2L2
$629,800
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 3
- Lot size
- 0.08 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,234.4
Interior
- Heating
- Baseboard heaters, Electric
- Fireplace
- None
- Flooring
- Tile, Hardwood, Carpeted, Vinyl
Exterior & Lot
- Exterior features
- Wood siding, Cedar Siding
- View
- Mountain view, View (panoramic)
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 3 — uncovered indicated
- Features
- Other, Rear, RV, Street, Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 16'4'' x 14'11'' |
| Living room | Main level | 18'3'' x 16'3'' |
| Full bathroom | Main level | — |
| Primary Bedroom | Second level | 19'10'' x 12'6'' |
| Bedroom | Second level | 15' x 11'4'' |
| Kitchen | Basement | 8' x 10'9'' |
| Living room | Basement | 15'2'' x 15'2'' |
| Full bathroom | Basement | — |
| Bedroom | Basement | 12'8'' x 9'3'' |
Listing Information
- MLS®
- 10392992
- Listed
- June 29, 2026
- Time on market
- On the market for 63 days
- Data last synced
- August 28, 2026
Listing provided by: Chamberlain Property Group Inc. · Data source: CREA DDF.
Description
Opportunity is calling, and this one delivers. Centrally located and income-generating from day one, this versatile property is a smart move for investors and homeowners alike, whether you're growing a portfolio or letting a tenant help carry the mortgage. Two fully self-contained living spaces give you real options: the upper residence offers 2 bedrooms and a full bath, a bright living area, functional kitchen, and the everyday convenience of main-floor laundry, while the lower level features a private 530 sq.ft. 1-bed, 1-bath suite with its own laundry and separate backyard access. Both open onto a spacious, fully fenced yard made for summer living. Move in with confidence: a new roof and hot water tank, both completed in 2023, mean the big-ticket items are already handled and in 1995 new electrical, plumbing, windows & insulation were updated. Outside, generous front and rear yards, rear lane access, and ample parking leave plenty of room for multiple vehicles, the RV, and the boat. Minutes from shopping, schools, parks, transit, and everyday amenities, this is that rare blend of location, flexibility, and lasting value. Whether you're expanding your investments or offsetting your mortgage with rental income, opportunities like this don't wait. Come see it before it's gone. Total sq.ft. calculations are based on the exterior dimensions of the building at each floor level & inc. all interior walls & must be verified by the buyer if deemed important. (id:63159)
Values & Trends
This listing
$397/sqft
Building average
—
No other active listings in this building
Main North average
$491/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
52
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 |
|---|---|---|
| Penticton Christian School(Independent) | K-12 | 389 m |
| Holy Cross School(Independent) | Elementary/Middle | 414 m |
| Secondaire de Penticton | Secondary | 542 m |
| Penticton Secondary | Secondary | 542 m |
| ConnectEd - Alternative Programs | Secondary | 597 m |
| Entre-lacs | Elementary/Middle | 898 m |
| Uplands Elementary | Elementary | 1.5 km |
| Queens Park Elementary | Elementary | 1.7 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)
- Casa Deli Bistro162 m
- Kura709 m
- Penticton Pizza & Subs718 m
- Theo's Restaurant774 m
Cafes (1)
- Starbucks740 m
Grocery (3)
- Penticton IGA · 1160 Government Street196 m
- Safeway739 m
- Canadian Wholesale Club · Main Street763 m
Parks (5+)
- Kiawanis Park131 m
- Unnamed385 m
- Unnamed487 m
- Unnamed512 m
- McLaren Park517 m
Gyms (1)
- Unnamed405 m
Pharmacies (2)
- Shoppers Drug Mart681 m
- Sunrise Pharmacy · 749 Main Street699 m
Banks & ATMs (1)
- Unnamed729 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.0% ($37,980) — 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.