581 Vancouver Avenue
Penticton, BC V2A1A4
$7,995,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 4
- Lot size
- 0.35 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $23,480
Interior
- Basement
- Full
- Heating
- Heat Pump, Forced air
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (2)
- Fireplace type
- Gas, Unknown
- Flooring
- Carpeted, Wood, Mixed Flooring
Exterior & Lot
- Exterior features
- Concrete, Metal, Other
- View
- Lake view, Mountain view, View of water, View (panoramic)
Building
- Roof
- Tar & gravel, Metal, Unknown
Parking
- Total spaces
- 4 — covered indicated
- Features
- Attached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Third level | 19'6'' x 18'7'' |
| Storage | Third level | 4'1'' x 10'11'' |
| Partial bathroom | Third level | 10'5'' x 7'6'' |
| Full ensuite bathroom | Second level | 6' x 10'4'' |
| 3pc Ensuite bath | Main level | 6'10'' x 10'6'' |
| 2pc Bathroom | Main level | 7'1'' x 5'6'' |
| Other | Third level | 11'7'' x 14'8'' |
| Living room | Third level | 18'7'' x 20'6'' |
| Family room | Third level | 11'3'' x 12'10'' |
| Other | Third level | 14'8'' x 17'8'' |
| Kitchen | Third level | 14'3'' x 10'7'' |
| Other | Second level | 23'11'' x 26'8'' |
| Full ensuite bathroom | Second level | 12'3'' x 29'7'' |
| Primary Bedroom | Second level | 18'10'' x 26'8'' |
| Other | Second level | 10'11'' x 13'6'' |
| Laundry room | Second level | 13'6'' x 10' |
| Bedroom | Second level | 13'10'' x 17'7'' |
| Gym | Main level | 26'8'' x 15'1'' |
| Mud room | Main level | 6' x 8'5'' |
| Bedroom | Main level | 12'1'' x 12'3'' |
| Foyer | Main level | 13'6'' x 16'5'' |
Listing Information
- MLS®
- 10390753
- Listed
- July 27, 2026
- Time on market
- On the market for 35 days
- Data last synced
- August 28, 2026
Listing provided by: Engel & Volkers South Okanagan · Data source: CREA DDF.
Description
Set above the southern edge of Okanagan Lake, 581 Vancouver Avenue presents panoramic views from sunrise to sunset. This remarkable home offers refined Okanagan living with a distinctly European influence. Built of concrete and steel, it brings together enduring quality, thoughtful design and exceptional craftsmanship. Handcrafted walnut, richly veined marble and carefully selected finishes give each level its own character. On the upper floor, the great room opens through a wall of sliding glass doors to the lake and surrounding landscape, creating an inviting setting for quiet evenings or gatherings with family and friends. The adjoining working kitchen, appointed with La Cornue appliances, is designed for everything from daily meal preparation to catered events. Five generous terraces extend the living spaces outdoors, offering places for morning coffee in the sun, a quiet afternoon in the shade or dinner overlooking the lake and marina. The primary suite is a peaceful retreat with a private balcony, panoramic views and a Nero Marquina marble ensuite with twin soaking tubs positioned with optimal lake views. For a discerning buyer ready to exchange the pace of a larger city for greater space, natural beauty and a more connected way of life, 581 Vancouver Avenue offers lasting quality in one of Penticton’s finest lake-view settings. Contact the listing representative or your REALTOR® for the full information portfolio or a private viewing. All measurements approximate. (id:63159)
Values & Trends
This listing
$1,278/sqft
Building average
—
No other active listings in this building
Uplands/Redlands average
$1,008/sqft
17 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
26
4/9 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 |
|---|---|---|
| Uplands Elementary | Elementary | 619 m |
| ConnectEd - Alternative Programs | Secondary | 1.1 km |
| Secondaire de Penticton | Secondary | 1.3 km |
| Penticton Secondary | Secondary | 1.3 km |
| Queens Park Elementary | Elementary | 1.6 km |
| Penticton Christian School(Independent) | K-12 | 1.6 km |
| Entre-lacs | Elementary/Middle | 1.7 km |
| Holy Cross School(Independent) | Elementary/Middle | 2.0 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 Bench Market210 m
- Rusty's210 m
- The Prague Café323 m
- Cannery Brewing · 198 Ellis Street531 m
- Tacos Del Norte625 m
Cafes (2)
- Blenz Coffee775 m
- Bellevue Cafe792 m
Parks (5+)
- Vancouver Avenue Park119 m
- Unnamed354 m
- Marina Way Park403 m
- Ellis Park516 m
- Okanangan Lake Park627 m
Banks & ATMs (5+)
- Rocky Store - Bitcoin Well ATM · 430 Haven Hill Road716 m
- Valley First Credit Union725 m
- RBC777 m
- BMO777 m
- Unnamed794 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,599,000) — 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.