Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

775 BALSAM Avenue

Penticton, BC V2A7Y8

$869,000

3 bed3.5 bath6 parking2,974 sqftBuilt 1987
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Property Details

Property & Lot

Sub-type
House
Stories
3
Lot size
0.15 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,056.35

Interior

Heating
Baseboard heaters, Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Flooring
Tile, Hardwood, Carpeted, Vinyl

Exterior & Lot

Exterior features
Wood siding
View
Mountain view, Valley view, View (panoramic)

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
6 — covered indicated
Features
Attached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
OtherBasement8' x 9'11''
StorageBasement23'4'' x 10'8''
StorageBasement15' x 14'1''
Recreation roomBasement22'11'' x 17'
4pc BathroomSecond level
BedroomSecond level11'8'' x 10'11''
BedroomSecond level11'8'' x 11'5''
3pc Ensuite bathSecond level
OtherSecond level10'2'' x 7'6''
Primary BedroomSecond level16'11'' x 13'5''
Dining nookMain level9'3'' x 9'3''
FoyerMain level8'9'' x 8'7''
Laundry roomMain level8' x 8'3''
2pc BathroomMain level
Family roomMain level10'11'' x 15'5''
KitchenMain level9'10'' x 11'9''
Dining roomMain level13'10'' x 8'10''
Living roomMain level13'6'' x 15'1''

Listing Information

MLS®
10398627
Listed
August 25, 2026
Time on market
On the market for 6 days
Data last synced
August 28, 2026

Listing provided by: Chamberlain Property Group Inc. · Data source: CREA DDF.

Description

A Great Wiltse Family Home. This spacious 2,974 sq. ft. 3-bedroom, 3-bathroom, three-level split is in one of Penticton’s most desirable family neighbourhoods. The location is a major highlight, with Wiltse Elementary just a short walk away, plus nearby hiking and mountain biking trails, rock climbing and convenient transit. The main floor offers a bright living room, formal dining room, spacious kitchen with eating nook, and a cozy family room with gas fireplace that opens directly to the private, fully fenced and landscaped backyard and patio. The main floor also has a 2-piece bath, laundry and access to the double garage. Upstairs are three generous bedrooms, including a primary bedroom with a 3-piece ensuite and large walk-in closet. The lower level adds a versatile rec room plus plenty of storage and flexible space that could work well for a home gym, craft room, workshop or additional family space. With lots of parking, a double garage, a great yard and an excellent school-and-trails location, this home is truly perfect for a growing family looking to put down roots in one of Penticton’s most desirable areas. Total sq.ft. calculations are based on the exterior dimensions of the building at each floor level & inc. all interior walls & must be verified by the buyer if deemed important. (id:63159)

Values & Trends

This listing

$292/sqft

Building average

No other active listings in this building

Wiltse/Valleyview average

$391/sqft

22 active listing(s)

Parking: 6 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

17°C

Mainly Clear

Humidity 67%

Wind NE 4 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

SchoolTypeDistance
Wiltse ElementaryElementary357 m
Princess Margaret SecondarySecondary1.8 km
Columbia ElementaryElementary1.8 km
Holy Cross School(Independent)Elementary/Middle2.3 km
Entre-lacsElementary/Middle2.4 km
Penticton Christian School(Independent)K-122.8 km
Penticton SecondarySecondary3.1 km
Secondaire de PentictonSecondary3.1 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)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($61,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$695,200.00
Periodic payment — Principal & Interest (monthly)$4,485.19
Additional monthly expenses (strata, tax, utilities, etc.)$570.36
Total monthly cost$5,055.56
Interest paid over 5-yr term$199,246.32
Balance at end of term$625,334.65

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$61,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,206.32

Cash Needed at Closing

Minimum down payment$61,900
Estimated BC PTT$15,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,780

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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