Property Type: Detached HouseOwnership: Freehold

745 Westminster Avenue E

Penticton, BC V2A1J2

$4,250,000

4 bed5.5 bath2 parking4,262 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
House
Stories
2.5
Lot size
0.26 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$11,023

Interior

Basement
Full
Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

View
City view, Lake view, Mountain view, View of water, View (panoramic)
Pool
Inground pool, Outdoor pool

Parking

Total spaces
2 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
Full bathroomBasement5' x 8'6''
Wine CellarBasement8' x 5'6''
StorageBasement8' x 8'6''
BedroomBasement13' x 17'
Full ensuite bathroomSecond level13' x 16'
Primary BedroomSecond level13' x 30'
Partial bathroomSecond level8' x 6'
Laundry roomSecond level8' x 9'
PantrySecond level8' x 6'6''
KitchenSecond level15' x 18'
Dining roomSecond level15' x 15'
Living roomSecond level17' x 18'
BedroomMain level10' x 14'
Full bathroomMain level8' x 5'
MediaMain level15' x 18'
Full ensuite bathroomMain level5' x 8'
BedroomMain level12' x 12'

Listing Information

MLS®
10390310
Listed
June 5, 2026
Time on market
On the market for 87 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers South Okanagan · Data source: CREA DDF.

Description

Now under construction at Grandview Terraces, this architecturally significant residence by Agave Homes is positioned within one of Penticton’s more quietly distinctive hillside settings, steps from the KVR Trail and minutes from downtown, Okanagan Lake, the marina, restaurants, breweries, and the Farmers’ Market. With one residence now complete within the enclave, the architectural vision behind Grandview Terraces has begun to reveal itself. Inspired by the restrained warmth of Southern California Modern design, the home is defined by a reverse floor plan that elevates the primary living spaces to capture panoramic lake and mountain views from the main entertaining level and expansive terraces. Designed for both everyday living and gathering, the upper level features 10-foot ceilings, wide expanses of glass, premium hardwood flooring, custom cabinetry, integrated Miele and Wolf appliances, a concealed walk-in pantry, temperature-controlled wine room, elevator access, and multiple outdoor living spaces. A 21 x 8 saltwater pool, outdoor kitchen, fire table lounge, and more than 1,400 sq. ft. of upper terraces create a private setting shaped around Okanagan indoor-outdoor living. The primary suite opens directly to a secluded garden patio engineered for a hot tub, while integrated speakers, EV charging capability, and solar-ready infrastructure reflect the level of planning incorporated throughout. A rare opportunity to secure a residence within this limited architectural collection by Agave Homes. Purchase price excludes GST. Measurements approximate based on architectural plans and renderings. (id:63159)

Values & Trends

This listing

$997/sqft

Building average

No other active listings in this building

Uplands/Redlands average

$1,025/sqft

17 active listing(s)

Parking: 2 stall(s) includedStorage 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

22

3/9 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
Uplands ElementaryElementary423 m
ConnectEd - Alternative ProgramsSecondary880 m
Penticton SecondarySecondary1.0 km
Secondaire de PentictonSecondary1.0 km
Penticton Christian School(Independent)K-121.4 km
Entre-lacsElementary/Middle1.4 km
Queens Park ElementaryElementary1.6 km
Holy Cross School(Independent)Elementary/Middle1.7 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 Market485 m
  • Rusty's584 m
  • The Prague Café637 m
  • Cannery Brewing · 198 Ellis Street654 m
  • Tacos Del Norte757 m

Parks (5+)

  • Vancouver Avenue Park353 m
  • Unnamed426 m
  • Marina Way Park702 m
  • Ellis Park736 m
  • Unnamed763 m

Banks & ATMs (1)

  • Rocky Store - Bitcoin Well ATM · 430 Haven Hill Road350 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($850,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,400,000.00
Periodic payment — Principal & Interest (monthly)$21,935.65
Additional monthly expenses (strata, tax, utilities, etc.)$1,131.58
Total monthly cost$23,067.23
Interest paid over 5-yr term$974,449.77
Balance at end of term$3,058,311.00

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$850,000
Stress test qualifying rate8.09%
Payment you must qualify for$26,144.81

Cash Needed at Closing

Minimum down payment$850,000
Estimated BC PTT$130,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$982,000

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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