604 Balsam Avenue
Penticton, BC V2A0B5
$179,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.17 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,551.07
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10380493
- Listed
- March 31, 2026
- Time on market
- On the market for 153 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Locations West · Data source: CREA DDF.
Description
Great opportunity to build your dream home in the highly sought-after Wiltse neighborhood! This fantastic lot is located among well-established homes, offering a prime location surrounded by valuable real estate. With plenty of possibilities, you can design the perfect family home. Conveniently located right across the street from Wiltse Elementary School, this lot is ideal for families with young children. With downtown just 5 minutes away and outdoor recreation only 2 minutes from your doorstep, you’ll enjoy the perfect balance of convenience and lifestyle. The property is zoned R4-L (Small-Scale Multi-Unit Residential – Large Lot), allowing for the development of up to four dwelling units, providing flexibility in your building plans. Additionally, the R4-L zoning supports the inclusion of accessory dwelling units, such as secondary suites or carriage houses, further enhancing the property's versatility and potential rental income. Notably, recent bylaw amendments have removed on-site parking requirements for these accessory units, simplifying the development process. There is a building scheme on title, buyer to do their own due diligence with the city. Great opportunity—contact the listing agents today for a full information package. (id:63159)
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Wiltse Elementary | Elementary | 134 m |
| Princess Margaret Secondary | Secondary | 1.4 km |
| Columbia Elementary | Elementary | 1.9 km |
| Holy Cross School(Independent) | Elementary/Middle | 2.1 km |
| Entre-lacs | Elementary/Middle | 2.4 km |
| Penticton Christian School(Independent) | K-12 | 2.6 km |
| Penticton Secondary | Secondary | 2.9 km |
| Secondaire de Penticton | Secondary | 2.9 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.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($8,950) — 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.