515 Heales Avenue
Penticton, BC V2A1G5
$459,900
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.08 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $2,300.79
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10393186
- Listed
- June 30, 2026
- Time on market
- On the market for 62 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
35 x 100 Lot Ready to Build – Zoned R4-S! Fantastic opportunity in a walkable neighborhood just blocks from Okanagan Lake, downtown, restaurants, breweries, the farmers' market, and year-round amenities. Zoned R4-S, this versatile property offers excellent development potential, permitting single detached homes, secondary suites, carriage houses, duplexes, townhomes, or small apartment buildings, with the potential for up to four units on serviced urban lots. Front and rear lane access provides added flexibility for site design, parking, and development. An excellent opportunity to build in one of Penticton's most desirable central locations. Find Yourself Living Here! (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
30
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 | 390 m |
| ConnectEd - Alternative Programs | Secondary | 1.3 km |
| Penticton Secondary | Secondary | 1.3 km |
| Secondaire de Penticton | Secondary | 1.3 km |
| Penticton Christian School(Independent) | K-12 | 1.6 km |
| Uplands Elementary | Elementary | 1.9 km |
| Holy Cross School(Independent) | Elementary/Middle | 2.0 km |
| West Bench Elementary | Elementary | 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+)
- Villa Rosa · 795 Westminster Avenue330 m
- Hokuto · 786 Westminster Avenue346 m
- Dosa Vilas349 m
- Sarhad Dhaba Indian and Pizza355 m
- Patio Burger & ice cream co.357 m
Cafes (4)
- Balance Vegetarian Shop and Tea Room323 m
- Wayne & Freda · 249 Westminster Avenue W361 m
- Bellevue Cafe599 m
- Blenz Coffee657 m
Parks (5+)
- Lakawanna Park339 m
- Unnamed438 m
- Queens Park443 m
- Unnamed474 m
- Gyro Park556 m
Pharmacies (2)
- Knights Pharmacy710 m
- Remedy'sRx714 m
Banks & ATMs (5+)
- Unnamed553 m
- BMO569 m
- CIBC616 m
- Valley First Credit Union617 m
- RBC678 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,995) — 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.