Property Type: Detached HouseOwnership: Freehold

511 Wade Avenue E

Penticton, BC V2A1T2

$450,000

3 bed2.5 bath1,896 sqftBuilt 1951
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.24 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,576.7

Interior

Heating
Baseboard heaters, Forced air
Cooling / A/C
Wall unit
Fireplace
None

Room Dimensions

RoomLevelDimensions
Recreation roomLower level22'7'' x 24'10''
DenLower level10'1'' x 12'9''
BedroomLower level11'8'' x 11'9''
Partial bathroomLower level
Living roomMain level18'7'' x 19'
Laundry roomMain level7'7'' x 9'10''
KitchenMain level5'9'' x 8'
Dining roomMain level10'3'' x 12'5''
BedroomMain level9'2'' x 13'9''
Primary BedroomMain level9'2'' x 18'3''
4pc BathroomMain level

Listing Information

MLS®
10372345
Listed
January 12, 2026
Time on market
On the market for 231 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

**Contingent on Probate. Cute and well-located 3 bedroom, 2 bathroom home just minutes from downtown and steps to the KVR Trail, schools, shopping, transit, and Okanagan Lake. The main floor features two bedrooms, a kitchen, dining area, and a full 4-piece bathroom, all laid out in a practical and functional design with excellent storage throughout. The walkout basement offers a spacious rec room, an additional bedroom, powder room, and a flexible office or den. Outside, enjoy a large backyard and plenty of parking, making this property ideal for everyday living with room to grow. Zoned RM2, offering strong long-term potential for investors or forward-thinking buyers. Property is being sold AS IS WHERE IS (id:63159)

Values & Trends

This listing

$237/sqft

Building average

No other active listings in this building

Main North average

$494/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

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

33

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 ProgramsSecondary475 m
Penticton SecondarySecondary613 m
Secondaire de PentictonSecondary613 m
Uplands ElementaryElementary814 m
Penticton Christian School(Independent)K-12960 m
Queens Park ElementaryElementary1.3 km
Entre-lacsElementary/Middle1.3 km
Holy Cross School(Independent)Elementary/Middle1.3 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+)

  • Lachi471 m
  • The Cellar475 m
  • Sushi Heaven · 564 Main Street482 m
  • Gratify Foods · 544 Main Street491 m
  • Twisted Chopsticks509 m

Cafes (4)

  • Angry Vegan · 536 Main Street481 m
  • Caffè d'Italia510 m
  • Blenz Coffee587 m
  • Bellevue Cafe657 m

Parks (5+)

  • Unnamed413 m
  • Unnamed415 m
  • Unnamed509 m
  • Vancouver Avenue Park561 m
  • Ellis Park709 m

Pharmacies (3)

  • Knights Pharmacy525 m
  • Remedy'sRx537 m
  • Sunrise Pharmacy · 749 Main Street674 m

Banks & ATMs (5+)

  • Rocky Store - Bitcoin Well ATM · 430 Haven Hill Road349 m
  • Prospera Credit Union480 m
  • TD492 m
  • Scotiabank528 m
  • RBC562 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$360,000.00
Periodic payment — Principal & Interest (monthly)$2,322.60
Additional monthly expenses (strata, tax, utilities, etc.)$393.06
Total monthly cost$2,715.66
Interest paid over 5-yr term$103,177.03
Balance at end of term$323,821.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,287.33

Cash Needed at Closing

Minimum down payment$22,500
Estimated BC PTT$7,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$31,000

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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