725 Westminster Avenue E Lot# B
Penticton, BC V2A4A6
$1,200,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.24 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,000
Interior
- Fireplace
- None
Exterior & Lot
- View
- Lake view, Mountain view
Listing Information
- MLS®
- 10395901
- 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
Welcome to Grandview Terraces, a new luxury development by Agave Homes. Located in a premium tranquil setting, steps away from the KVR trail famous for cycling, jogging and walking. These future homes are within walking distance of Penticton’s downtown amenities, including restaurants, craft breweries, Okanagan Lake beaches, marina and the Farmers Market. Purchased lots will require the boutique homes to be designed and built by Agave Homes, who take the utmost care in the design of each individual home as well as in the orientation and interaction with the homes to each other. All homes are inspired by the architecture of Southern California and will include elevators, wine rooms, outdoor kitchens, pools, rooftop decks, and low-maintenance landscaping to get the most out Okanagan living. Don’t miss the opportunity to become a part of this exceptional neighbourhood! All measurements approximate, and price includes lot only. (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.
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 |
|---|---|---|
| Uplands Elementary | Elementary | 451 m |
| ConnectEd - Alternative Programs | Secondary | 870 m |
| Penticton Secondary | Secondary | 1.0 km |
| Secondaire de Penticton | Secondary | 1.0 km |
| Penticton Christian School(Independent) | K-12 | 1.3 km |
| Entre-lacs | Elementary/Middle | 1.4 km |
| Queens Park Elementary | Elementary | 1.6 km |
| Holy Cross School(Independent) | Elementary/Middle | 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 (5+)
- The Bench Market458 m
- Rusty's566 m
- The Prague Café611 m
- Cannery Brewing · 198 Ellis Street623 m
- Tacos Del Norte726 m
Cafes (1)
- Blenz Coffee800 m
Parks (5+)
- Vancouver Avenue Park328 m
- Unnamed395 m
- Marina Way Park675 m
- Ellis Park706 m
- Unnamed759 m
Pharmacies (1)
- Knights Pharmacy785 m
Banks & ATMs (3)
- Rocky Store - Bitcoin Well ATM · 430 Haven Hill Road362 m
- RBC787 m
- TD798 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($95,000) — 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.