Property Type: OtherOwnership: Freehold

A Reservoir Road Lot# Lot A

Penticton, BC V2A8T3

$6,750,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
150.6 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$35

Interior

Fireplace
None

Listing Information

MLS®
10326361
Listed
October 17, 2024
Time on market
On the market for 683 days
Data last synced
August 28, 2026

Listing provided by: Front Street Realty · Data source: CREA DDF.

Description

This 150+ acre property offers a unique opportunity for nature enthusiasts. The fully fenced land features multiple flat areas ideal for future building sites, providing the potential to create your own private retreat. This blank canvas property attracts local wildlife such as elk and boasts stunning Okanagan Valley mountain, lake, and city views. With flat, development-ready areas and access to a groundwater well, this dream property provides the perfect setting for nature lovers to build their ideal wildlife retreat and enjoy the incredible vistas while observing the local fauna in their natural habitat. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Penticton Rural average

$2,123/sqft

1 active listing(s)

Parking: Not indicatedStorage 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
Uplands ElementaryElementary2.4 km
Entre-lacsElementary/Middle3.0 km
Columbia ElementaryElementary3.3 km
ConnectEd - Alternative ProgramsSecondary3.6 km
Secondaire de PentictonSecondary3.7 km
Penticton SecondarySecondary3.7 km
Penticton Christian School(Independent)K-123.9 km
Holy Cross School(Independent)Elementary/Middle4.1 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: 20.0% ($1,350,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$5,400,000.00
Periodic payment — Principal & Interest (monthly)$34,838.97
Additional monthly expenses (strata, tax, utilities, etc.)$2.92
Total monthly cost$34,841.88
Interest paid over 5-yr term$1,547,655.52
Balance at end of term$4,857,317.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,350,000
Stress test qualifying rate8.09%
Payment you must qualify for$41,524.11

Cash Needed at Closing

Minimum down payment$1,350,000
Estimated BC PTT$255,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,607,000

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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