762 Westminster Avenue
Penticton, BC V2A1K8
$500,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.14 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,755.92
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view
Listing Information
- MLS®
- 10396800
- Listed
- August 4, 2026
- Time on market
- On the market for 27 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Locations West · Data source: CREA DDF.
Description
Development opportunity in the up and coming Northern Gateway of Penticton. This clear lot is walking distance to the shores of Okanagan lake with multiple projects already under construction in the area. The lot has 50 ft of frontage on Westminster Ave and 120 ft deep with lane access providing a perfect footprint for a fourplex. Preliminary building plans available. Contact the listing agent for details! (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
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 |
|---|---|---|
| Queens Park Elementary | Elementary | 253 m |
| Penticton Secondary | Secondary | 1.4 km |
| Secondaire de Penticton | Secondary | 1.4 km |
| ConnectEd - Alternative Programs | Secondary | 1.4 km |
| Penticton Christian School(Independent) | K-12 | 1.6 km |
| West Bench Elementary | Elementary | 1.9 km |
| Holy Cross School(Independent) | Elementary/Middle | 2.0 km |
| Uplands 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+)
- Hokuto · 786 Westminster Avenue30 m
- Dosa Vilas34 m
- Sarhad Dhaba Indian and Pizza37 m
- Villa Rosa · 795 Westminster Avenue42 m
- Denny's300 m
Cafes (4)
- Balance Vegetarian Shop and Tea Room614 m
- Tim Hortons637 m
- Wayne & Freda · 249 Westminster Avenue W661 m
- Starbucks · 300 Riverside Drive791 m
Grocery (1)
- Quality Greens682 m
Parks (5+)
- Queens Park126 m
- Lakawanna Park293 m
- Riverside Park667 m
- Unnamed699 m
- SS Sicamous Heritage Shipyard Area706 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($25,000) — 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.