Penticton Basement Suites for Sale

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Row / Townhouse for sale: 1458 Penticton Avenue Unit# 165, Penticton

33 photos

$475,000

1458 Penticton Avenue Unit# 165, Penticton (Cascade Gardens), British Columbia V2A 8L3

3 beds
4 baths
82 days

Nestled in a family-friendly complex near scenic Ellis Creek and walking trails, this bright and spacious 2-storey townhome with a basement offers a fantastic layout and stunning mountain views. The beautifully remodeled main floor features an open living and dining area with access to a deck—perfect

Row / Townhouse for sale: 1458 Penticton Avenue Unit# 123, Penticton

29 photos

$515,000

1458 Penticton Avenue Unit# 123, Penticton (CASCADE GARDENS), British Columbia V2A 8L3

3 beds
3 baths
42 days

This bright and spacious 2-storey townhome with an unfinished basement offers an ideal layout for families or first-time buyers. The main floor features an open concept kitchen, dining, and living area filled with natural light, a 2-piece bath, and access to your private deck—perfect

House for sale: 435 Penticton Avenue, Penticton

42 photos

$620,000

435 Penticton Avenue, Penticton, British Columbia V2A 2M5

3 beds
2 baths
67 days

This charming character home is located in a very desired and cental area of Penticton. Clean and ready and offers 3 bedrooms, 2 renovated bathrooms, new flooring on main level, a single garage with bonus workshop and measures over 1700 sqft on a .13 acre lot which has been fully landscaped

Other for sale: 3331 Evergreen Drive Unit# 105, Penticton

36 photos

$375,000

3331 Evergreen Drive Unit# 105, Penticton (The Bluffs at Skaha), British Columbia V2A 0J3

0 beds
0 baths
111 days

Build your dream home here at the Bluffs at Skaha on this stunning lakeview lot! Perched on the East hills above Wiltse this gorgeous spot offers 180 degree views over the city from Skaha to Okanagan Lake. The lot can be graded for a rancher, a 2 story, or a rancher walk-out basement style

Duplex for sale: 60 Roy Avenue Unit# 103, Penticton

55 photos

$1,199,999

60 Roy Avenue Unit# 103, Penticton (.), British Columbia V2A 3M7

4 beds
5 baths
47 days

Welcome to this brand new, move-in ready 2-storey half duplex with basement, offering suite potential and no strata fees! The main floor features a single attached garage, welcoming foyer, spacious open-concept living and dining area, large kitchen, and a 4pc bath. Upstairs, you'll find a

Duplex for sale: 60 Roy Avenue Unit# 101, Penticton

41 photos

$1,199,999

60 Roy Avenue Unit# 101, Penticton (.), British Columbia V2A 3M7

4 beds
5 baths
55 days

Welcome to this brand new, move-in ready 2-storey half duplex with basement, offering suite potential and no strata fees! The main floor features a single attached garage, welcoming foyer, spacious open-concept living and dining area, large kitchen, and a 4pc bath. Upstairs, you'll find a

Row / Townhouse for sale: 124 Cambie Place Unit# 107, Penticton

41 photos

$599,000

124 Cambie Place Unit# 107, Penticton (Cambie Meadows), British Columbia V2A 1C4

4 beds
3 baths
77 days

Nestled in a quiet, well-maintained 55+ gated community near downtown Penticton and just steps from the scenic KVR Trail, this beautifully updated rancher with a fully finished basement offers exceptional walkability and convenience. Featuring 4 bedrooms, 3 bathrooms, and main level living,

House for sale: 170 STOCKS Crescent Unit# 114, Penticton

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$845,000

170 Stocks Crescent Unit# 114, Penticton, British Columbia V2A 9C6

3 beds
3 baths
244 days

Welcome to Brentview Estates, a welcoming 55+ gated community that is both pet-friendly and budget-friendly, with low monthly strata fees of just $195. Enjoy a vibrant lifestyle with access to great amenities, including a clubhouse, swimming pool, and RV parking (subject to availability).

Row / Townhouse for sale: 2990 SOUTH MAIN Street Unit# 101, Penticton

31 photos

$460,000

2990 South Main Street Unit# 101, Penticton (Brighton Place), British Columbia V2A 5J6

3 beds
3 baths
4 days

This fully renovated 3 bedroom 3 bath townhome with partially finished basement is everything you have been looking for in a price that you can afford. Nearly everything inside this home is new including the entire kitchen and appliances, all counter tops, all floorings, nearly all bathroom

Phil Harris,Real Broker B.c. Ltd
Listed by: Phil Harris ,Real Broker B.c. Ltd (778) 932-5947
Row / Townhouse for sale: 158 DEER Place Unit# 107, Penticton

36 photos

$875,000

158 Deer Place Unit# 107, Penticton (EDGEVIEW AT THE RIDGE), British Columbia V2A 0J7

4 beds
4 baths
13 days

Introducing Edgeview at the Ridge, a boutique townhome development featuring an exclusive collection of 14 thoughtfully designed homes. Each residence offers over 2,200 SF of well-crafted living space, built with high-quality construction by a trusted local build and design company. This unique

House for sale: 1634 CARMI Avenue Unit# 143, Penticton

19 photos

$725,000

1634 Carmi Avenue Unit# 143, Penticton (Carmi Heights), British Columbia V2A 8K5

3 beds
2 baths
45 days

Nestled in the sought-after Carmi Heights gated community, this 3-bedroom, 2-bath rancher offers a bright, open layout with a daylight walkout basement. The large living/dining area features vaulted ceilings, oversized windows, and a gas fireplace, creating a warm and inviting space. The kitchen

Katie Chamberlain,Chamberlain Property Group
Listed by: Katie Chamberlain ,Chamberlain Property Group (250) 486-3853
Row / Townhouse for sale: 3948 Finnerty Road Unit# 170, Penticton

54 photos

$749,999

3948 Finnerty Road Unit# 170, Penticton (SKAHA BENCHES), British Columbia V2A 8P8

3 beds
3 baths
60 days

A BIRD'S EYE VIEW. Looking for your next sanctuary in a peaceful setting and with extraordinary vistas? Look no further! This beautiful rancher with walkout basement home is situated in the desirable Skaha Benches. Positioned to take advantage of sunny west exposure, it captures breathtaking

Duplex for sale: 60 Roy Avenue Unit# 104, Penticton

55 photos

$1,199,999

60 Roy Avenue Unit# 104, Penticton (.), British Columbia V2A 3M7

4 beds
5 baths
47 days

Welcome to this brand new, move-in ready 2-storey half duplex with basement, offering suite potential and no strata fees! The main floor features a single attached garage, welcoming foyer, spacious open-concept living and dining area, large kitchen, and a 4pc bath. Upstairs, you'll find a

Duplex for sale: 60 Roy Avenue Unit# 102, Penticton

55 photos

$1,199,999

60 Roy Avenue Unit# 102, Penticton (.), British Columbia V2A 3M7

4 beds
5 baths
55 days

Welcome to this brand new, move-in ready 2-storey half duplex with basement, offering suite potential and no strata fees! The main floor features a single attached garage, welcoming foyer, spacious open-concept living and dining area, large kitchen, and a 4pc bath. Upstairs, you'll find a

Row / Townhouse for sale: 158 DEER Place Unit# 106, Penticton

36 photos

$850,000

158 Deer Place Unit# 106, Penticton (Edgeview at the Ridge), British Columbia V2A 0J7

4 beds
4 baths
57 days

Introducing Edgeview at the Ridge, a boutique townhome development featuring an exclusive collection of 14 thoughtfully designed homes. Each residence offers over 2,200 SF of well-crafted living space, built with high-quality construction by a trusted local build and design company. This unique

Row / Townhouse for sale: 705 Balsam Avenue Unit# 117, Penticton

32 photos

$774,900

705 Balsam Avenue Unit# 117, Penticton, British Columbia V2A 9B7

3 beds
4 baths
139 days

This stunning 2,936 square foot corner end unit stands as one of the most spacious and ideally positioned homes in the entire complex. From the covered deck and patio, you'll enjoy breathtaking lake views and sunsets so remarkable they've caught the attention of Global News. Your views are

Brian Cutler,Chamberlain Property Group
Listed by: Brian Cutler ,Chamberlain Property Group (250) 462-0609
House for sale: 170 Stocks Crescent Unit# 148, Penticton

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$925,000

170 Stocks Crescent Unit# 148, Penticton (Brentview Estates), British Columbia V2A 9C6

3 beds
3 baths
174 days

Custom built rancher with full basement in the sought after gated 55+ community of Brentview Estates. This sprawling, open concept immaculate home is exactly what you have been looking for. The main floor greets you with beautiful hardwood floors and a stunning open concept living room, dining

Link Snider,Royal Lepage Locations West
Listed by: Link Snider ,Royal Lepage Locations West (250) 809-9988
House for sale: 1634 Carmi Avenue Unit# 125, Penticton

20 photos

$695,900

1634 Carmi Avenue Unit# 125, Penticton (Carmi Heights), British Columbia V2A 8K5

3 beds
3 baths
32 days

Welcome to Carmi Heights—a secure, well-maintained 55+ gated community designed for comfort, convenience, and low-maintenance living in a peaceful, adult-oriented setting. Ideally located close to shopping, healthcare services, and other essential amenities, this neighborhood offers a

Row / Townhouse for sale: 2445 South Main Street Unit# 111, Penticton

44 photos

$449,000

2445 South Main Street Unit# 111, Penticton (Lantern Court), British Columbia V2A 5J1

2 beds
3 baths
53 days

Welcome to Lantern Court, a well-run 55+ community in the heart of Penticton, just steps to Cherry Lane Mall, transit, and amenities. This spacious home offers over 2,000 sqft of comfortable living with thoughtful updates throughout. The main floor features a bright and updated kitchen with

Row / Townhouse for sale: 2445 South Main Street Unit# 102, Penticton

37 photos

$439,000

2445 South Main Street Unit# 102, Penticton (LANTERN COURT), British Columbia V2A 5J1

2 beds
3 baths
4 days

Attention Retires! Welcome to Lantern Court, a well run 55+ complex designed with seniors in mind. Walking distance to shops and amenities like Cherry Lane Malls, London Drugs, restaurants and more. This South facing unit has convenient one level living with the added bonus of the basement

House for sale: 331 Sudbury Avenue, Penticton

41 photos

$929,000

331 Sudbury Avenue, Penticton, British Columbia V2A 8M7

3 beds
3 baths
4 days

Location, location, Location!!! Fabulous opportunity just steps from the beach and with views of Skaha Lake. Excellent neighbourhood located on a cul-de-sac and a short walk to Skaha Lake Park with off leash dog areas, beach volleyball, tennis courts, fabulous beach and more. Great Revenue

House for sale: 102 Vista Place, Penticton

44 photos

$2,450,000

102 Vista Place, Penticton, British Columbia V2A 8T4

3 beds
3 baths
109 days

Welcome to this stunning and spectacular 10.13 acre property. Maintained like a park, and just a few minutes from downtown Penticton, this package-deal listing offers sweeping views of Lake Okanagan. This unconventionally built house (Insulated Concrete Form) is comprised of a spacious first

Rhonda Van Der Veer,Parker Real Estate
Listed by: Rhonda Van Der Veer ,Parker Real Estate (250) 460-2932
House for sale: 102 Pineview Place, Penticton

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$879,000

102 Pineview Place, Penticton, British Columbia V2A 3R4

4 beds
2 baths
59 days

Excellent investment! This home has been beautifully renovated throughout and designed to be low maintenance. There are many possibilities here, upstairs you have 3 bedrooms and a full bath, downstairs is a fully self-contained in law suite. The house can easily be converted back to one residence

Blake Crocker,Royal Lepage Locations West
Listed by: Blake Crocker ,Royal Lepage Locations West (250) 488-8113
House for sale: 1515 DUNCAN Avenue, Penticton

25 photos

$874,900

1515 Duncan Avenue, Penticton, British Columbia V2A 2X7

4 beds
3 baths
84 days

Nestled in one of the area’s most sought-after neighbourhoods, this beautifully updated family home offers the perfect blend of comfort, functionality, and lifestyle. Situated on a spacious .27-acre lot, the property boasts 4 bedrooms and 3 bathrooms, thoughtfully designed across an open-concept

House for sale: 138 EVERGREEN Crescent, Penticton

26 photos

$1,250,000

138 Evergreen Crescent, Penticton, British Columbia V2A 7Y5

7 beds
5 baths
60 days

This well-maintained and updated 4,400 sq ft home located on a highly desirable Crescent, featuring a unique layout with three self-contained living areas. Perfect for a large family, multigenerational living, or generating revenue. The property currently serves as a two-family home and includes

House for sale: 458 Alder Street, Penticton

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$864,000

458 Alder Street, Penticton, British Columbia V2A 6S6

5 beds
3 baths
109 days

This immaculate 5 bedroom/3 bathroom rancher with full basement has a beautifully-landscaped yard & is located in the highly-desirable Uplands/Redlands neighborhood in Penticton. Enter the large foyer and you will be immediately impressed with the open floor plan featuring a cozy living room

Jeff Queen,Front Street Realty
Listed by: Jeff Queen ,Front Street Realty (250) 486-5333
House for sale: 112 DUNANT Place, Penticton

58 photos

$693,500

112 Dunant Place, Penticton, British Columbia V2A 3G3

4 beds
2 baths
1 day

Located in a great neighbourhood, directly across the street from Dunant Park on a quiet no thru road. This 4-bedroom, 2-bathroom home has a ton of potential and is perfect for the growing family. With 2477 square feet over two levels, this well-appointed layout offers spacious rooms, tons

Dawn Ford,Royal Lepage Locations West
Listed by: Dawn Ford ,Royal Lepage Locations West (250) 486-5373
House for sale: 4003 FINNERTY Road, Penticton

55 photos

$1,490,000

4003 Finnerty Road, Penticton, British Columbia V2A 8W2

4 beds
5 baths
9 days

Beautiful Lakeview home in a very desirable neighbourhood. 4 bed +Den/ 5 bathroom home on the south end of Penticton overlooking Skaha Lake and close to one of Canada's finest Lake, beach and parks. Main floor boasts 2 large bedrooms each with own ensuite, master has a soaker tub and walk

Listed by: Stuart Trimble ,Skaha Realty Group Inc. (250) 809-5843
House for sale: 501 Nanaimo Avenue E, Penticton

46 photos

$1,699,000

501 Nanaimo Avenue E, Penticton, British Columbia V2A 1M8

4 beds
4 baths
54 days

CLICK VIDEO. PRICED TO SELL! Below assessed value! Stunning Lakeview Home in the highly sought out area of Uplands, Penticton! This exquisite home over 4,000 square feet, located on an expansive 0.356-acre lot and 3 parcels of land, offers unparalleled luxury and breathtaking lake views. Designed

Heena Nagar,Exp Realty
Listed by: Heena Nagar ,Exp Realty (250) 488-9339
House for sale: 1157 Elk Street, Penticton

62 photos

$1,499,000

1157 Elk Street, Penticton, British Columbia V2A 0C9

5 beds
4 baths
122 days

Luxurious family home with legal walk-out suite. Welcome to this stunning 2400+ square foot home in the highly sought-after The Ridge Penticton neighborhood. Blending modern design with functional living spaces, this home is perfect for families or those seeking rental income. The main house

Listed by: Bobbi Miller ,Royal Lepage Locations West (250) 552-6885
Other for sale: 1080 Antler Drive, Penticton

12 photos

$345,000

1080 Antler Drive, Penticton, British Columbia V2A 0C9

0 beds
0 baths
344 days

Flat Corner Lot in desirable area. Discover the perfect setting for your dream home at The Ridge in Penticton, where this large, flat corner lot offers lake views and is surrounded by rolling mountains and scenic natural landscapes. With the GST already paid, this well-priced lot is ideal

Dan Jones,Royal Lepage Locations West
Listed by: Dan Jones ,Royal Lepage Locations West (250) 488-0226
House for sale: 2455 Westwood Drive, Penticton

29 photos

$1,150,000

2455 Westwood Drive, Penticton (Westwood Properties), British Columbia V2A 8Y8

3 beds
3 baths
16 days

Westwood drive offers breathtaking Okanagan lake and mountain views. This fantastic 3-bedroom, 3-bathroom rancher with walk out basement offers the perfect layout for any age demographic. Live on the main level while your adult children visit or start your family with the children's rooms

Lori J. Lancaster,Parker Real Estate
Listed by: Lori J. Lancaster ,Parker Real Estate (250) 488-9554
House for sale: 156 Gardner Court, Penticton

67 photos

$995,000

156 Gardner Court, Penticton, British Columbia V2A 8N6

5 beds
4 baths
17 days

Welcome to your dream home! An exceptional custom built 5 bedroom, 4 bathroom rancher with a walkout basement, perfectly positioned on a private half-acre lot overlooking the city of Penticton. Spanning over 3,800 sq ft, this beautifully maintained residence offers the ideal blend of space,

House for sale: 102 Derenzy Place, Penticton

53 photos

$2,099,000

102 Derenzy Place, Penticton, British Columbia V2A 8W7

3 beds
3 baths
69 days

ONCE IN A LIFETIME WATERFRONT PROPERTY - Totally unique rancher 4 bed 3 bath, 3300 SF, full basement MASSIVE LOT 18643 SF & 80+FT of BEACH ACCESS. 1740 SF up with 3 bed plan, vaulted ceilings, floor-ceiling iconic fireplace, new custom kitchen & pantry, full length deep balcony, vast VIEWS

Chad Wozniak,Chamberlain Property Group
Listed by: Chad Wozniak ,Chamberlain Property Group (250) 488-3304
House for sale: 857 Main Street, Penticton

36 photos

$539,000

857 Main Street, Penticton, British Columbia V2A 5E3

2 beds
1 baths
3 days

This expansive 0.19-acre R4-L lot presents a fantastic opportunity, whether you're looking for a holding property with potential for multi-unit residential development or a charming starter home in Penticton's vibrant downtown core. The location offers unparalleled convenience, with schools,

Tracy Dionne,Royal Lepage Locations West
Listed by: Tracy Dionne ,Royal Lepage Locations West (250) 486-7653
House for sale: 198 Bankview Place, Penticton

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$1,895,000

198 Bankview Place, Penticton, British Columbia V2A 1B4

3 beds
2 baths
32 days

RARE DIAMOND in the rough with WATER VIEW VIEW VIEWS in one of Penticton's PREMIER neighbourhoods awaits its next owner. Open the front door and be instantly WOWED you guessed it by the VIEW! This charming home features an OVERSIZED FOYER with high ceilings, SUPER SIZED dining room with

Micah Hudson,Skaha Realty Group Inc.
Listed by: Micah Hudson ,Skaha Realty Group Inc. (778) 531-8010
House for sale: 2871 PARTRIDGE Drive, Penticton

70 photos

$1,349,000

2871 Partridge Drive, Penticton, British Columbia V2A 9A9

4 beds
6 baths
14 days

CLICK VIDEO. Welcome to an unparalleled oasis of luxury in the highly sought out Wiltse area where elegance meets breathtaking natural beauty. This extraordinary lakeview estate spans over 3800 square feet of meticulously crafted living space. The heart of the home is the expansive living

House for sale: 1096 Antler Drive, Penticton

4 photos

$1,400,000

1096 Antler Drive, Penticton, British Columbia V2A 0J8

6 beds
4 baths
35 days

Welcome to 1096 Antler Drive located at The Ridge in Penticton. This sleek and modern walkout rancher offers breathtaking mountain views and a thoughtfully designed layout. The open-concept main floor features a spacious living, dining, and kitchen area with a large island, gas stove, walk-in

House for sale: 85 Granby Place, Penticton

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$649,000

85 Granby Place, Penticton, British Columbia V2A 2Z3

5 beds
2 baths
80 days

Looking for the perfect starter home or investment property, look no further! This 5 bedroom, 2 bathroom home sits on a large flat lot with alley access! The main floor of this mid century has the perfect family layout with 3 bedrooms all together, including the spacious primary bedroom. There’s

House for sale: 145 Upper Bench Road N, Penticton

37 photos

$1,000,000

145 Upper Bench Road N, Penticton, British Columbia V2A 8T2

2 beds
2 baths
84 days

Located at the south end of the stunning Naramata Bench Wine Region, this tastefully updated home is ideally situated to enjoy the privacy of rural living while still being only minutes from downtown Penticton, Okanagan Lake, and countless world-class wineries. A sizeable 0.64 acre lot, which

Kattlin Stass,Century 21 Assurance Realty Ltd
Listed by: Kattlin Stass ,Century 21 Assurance Realty Ltd (250) 515-2649
House for sale: 926 Holden Road, Penticton

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$1,175,000

926 Holden Road, Penticton, British Columbia V2A 9G6

4 beds
4 baths
46 days

Introducing Sendero Canyons Voyager designed home. This 4 bedroom 2994 sq ft home with a detached double car garage is the perfect balance of affordable luxury with a 1 bedroom suite mortgage helper. 926 Holden Road is immaculate and never being offered for sale. The open and bright main floor

Lori J. Lancaster,Parker Real Estate
Listed by: Lori J. Lancaster ,Parker Real Estate (250) 488-9554
House for sale: 921 WESTMINSTER Avenue E, Penticton

28 photos

$998,000

921 Westminster Avenue E, Penticton, British Columbia V2A 1J6

5 beds
3 baths
26 days

This well-maintained, family-sized home with a pool is located in one of Penticton’s most desirable neighborhoods. Tucked away on a quiet street, it offers a peaceful setting while remaining just minutes from top-rated schools and essential amenities. The established community is known

House for sale: 156 VANCOUVER Place, Penticton

51 photos

$2,999,000

156 Vancouver Place, Penticton, British Columbia V2A 1A7

3 beds
3 baths
46 days

Welcome to 156 Vancouver Place – a stunning custom-built rancher with walkout basement, perched on a 1.76-acre parcel offering breathtaking panoramic lake views. Crafted in 2003 by Homescape Construction for the current owners, this thoughtfully designed home places all principal rooms

House for sale: 2956 Evergreen Drive, Penticton

54 photos

$999,000

2956 Evergreen Drive, Penticton, British Columbia V2A 9A8

6 beds
3 baths
46 days

Welcome to your dream home! This immaculate 6-bedroom, 3-bathroom custom-built rancher with a walkout basement is nestled on a beautifully landscaped and fully fenced .163 acre irrigated lot in one of the most desirable areas - Evergreen Drive. Step inside to discover a bright, open-concept

House for sale: 626 Winnipeg Street, Penticton

34 photos

$665,000

626 Winnipeg Street, Penticton, British Columbia V2A 5M9

2 beds
1 baths
51 days

Welcome to 626 Winnipeg Street - a property offering nothing but possibilities! Situated in a desirable downtown area, close to schools, transit, entertainment, and shopping, opportunity is everywhere. With two spacious bedrooms, a full four-piece bathroom, a large living room and a separate

Lyndi Ainsworth,Engel & Volkers South Okanagan
Listed by: Lyndi Ainsworth ,Engel & Volkers South Okanagan (250) 809-1260
House for sale: 1087 Government Street, Penticton

29 photos

$575,000

1087 Government Street, Penticton, British Columbia V2A 2J9

3 beds
2 baths
10 days

Excellent development/revenue property located on two separately titled lots with access from north side lane & west side back lane. Its been a great rental property, pulling $2400/month. Spacious main floor features, two bedrooms, one bath, large living room, kitchen & laundry room on the

Janice Ponce,Royal Lepage Locations West
Listed by: Janice Ponce ,Royal Lepage Locations West (250) 486-4404
House for sale: 3925 PENTICTON STREET, Vancouver

16 photos

$2,180,000

3925 Penticton Street, Vancouver, British Columbia V5R 1X7

3 beds
3 baths
73 days

Excellent location in Nanaimo skytrain area. BRIGHT CORNER LOT (39.9 X 120) at E.23 Ave. Nice and quiet street. Potential REDEVELOPMENT LAND withinTransit Oriented Area (TOA) of 400 metre Tier for a 12-storey building with neighours; or multi/duplexes. Existing split level home with 3 bedrooms,

House for sale: 4400 MCLEAN CREEK Road Unit# 136, Okanagan Falls

43 photos

$865,000

4400 Mclean Creek Road Unit# 136, Okanagan Falls (Big Horn Estates), British Columbia V0H 1R6

3 beds
3 baths
32 days

EXECUTIVE RANCHER WITH WALKOUT BASEMENT - Big Horn Mountain Estates. Discover a perfect retreat, stunning 3-bed, 3-bath (possible 4 bed) rancher featuring open-concept, soaring vaulted ceilings Prime OK Falls wine country. The gourmet kitchen showcases maple cabinets in cherry stain, quartz

Chad Wozniak,Chamberlain Property Group
Listed by: Chad Wozniak ,Chamberlain Property Group (250) 488-3304
House for sale: 133 EAGLE RIDGE Road, Okanagan Falls

36 photos

$923,800

133 Eagle Ridge Road, Okanagan Falls, British Columbia V0H 1R3

4 beds
4 baths
39 days

Panoramic Skaha Lake & Mountain Views! Perched above Skaha Lake on a quiet no thru road, this beautifully updated 4bd, 4bth, 2,359 sqft rancher style home with a daylight walk out basement offers breathtaking panoramic lake & mountain views from nearly every room in the house. With over $90K

Shannon Simpson,Chamberlain Property Group
Listed by: Shannon Simpson ,Chamberlain Property Group (250) 328-5138
House for sale: 439 Panorama Crescent Lot# 17, Okanagan Falls

52 photos

$1,649,000

439 Panorama Crescent Lot# 17, Okanagan Falls, British Columbia V0H 1R5

3 beds
4 baths
105 days

Contemporary Jewel in Okanagan Wine Country Perched above Skaha Lake with captivating views stretching to Penticton and beyond, this one owner custom-built contemporary home offers luxurious living in wine country paradise. The quality of the build is evident in all aspects of the build. The

Brian Cutler,Chamberlain Property Group
Listed by: Brian Cutler ,Chamberlain Property Group (250) 462-0609

Understanding the Appeal of Penticton Basement Suites

For home buyers and investors alike, Penticton basement suites offer a unique blend of affordability, potential income, and lifestyle benefits. Nestled in the heart of British Columbia's Okanagan Valley, Penticton is renowned for its stunning landscapes, vibrant community, and growing real estate market. Whether you're looking to purchase a home with a basement suite for personal use or as an investment, understanding the nuances of this market is crucial.

Zoning and Legal Considerations

Before diving into the Penticton real estate market, it's essential to understand the zoning regulations that govern basement suites. In Penticton, basement suites are often referred to as "secondary suites" and are subject to specific zoning bylaws. These regulations ensure that the suites meet safety standards and do not disrupt the neighborhood's character. For instance, properties with legal basement suites in Saskatoon and other regions often have similar requirements.

Prospective buyers should verify that any existing basement suite is legally compliant. This includes checking for proper permits and ensuring that the suite meets fire safety and building codes. Legal suites not only provide peace of mind but also enhance the property's resale value.

Resale Potential and Investment Opportunities

Investing in a property with a basement suite in Penticton can be a lucrative decision. The demand for rental properties in the area is consistently high, driven by the city's appeal to both tourists and long-term residents. A well-maintained basement suite can generate a steady rental income, offsetting mortgage costs and increasing the property's overall value.

Comparatively, properties with basement suites in Kelowna and Surrey have shown significant appreciation over the years, making them attractive to investors. Similarly, Penticton's real estate market is poised for growth, offering a promising return on investment.

Lifestyle Appeal

Penticton's lifestyle appeal is undeniable. With its picturesque lakes, wineries, and outdoor recreational activities, the city attracts a diverse range of residents. A basement suite can serve as a flexible living space, accommodating extended family, guests, or even a home office. This versatility enhances the property's appeal to potential buyers who value both functionality and lifestyle.

For those considering a move to Penticton, the lifestyle benefits are comparable to those found in other desirable locations such as Chilliwack and Maple Ridge. The ability to enjoy a vibrant community while having the option to generate rental income makes Penticton basement suites particularly attractive.

Seasonal Market Trends

The real estate market in Penticton, like many other regions in British Columbia, experiences seasonal fluctuations. The summer months typically see an increase in demand, driven by the influx of tourists and seasonal workers. This trend is similar to what is observed in other parts of BC, where the summer season boosts rental demand.

For investors, this seasonal trend presents an opportunity to maximize rental income during peak periods. However, it's important to consider the potential for vacancies during the off-season and plan accordingly. Properties with basement suites in Prince George and Abbotsford often face similar market dynamics, making it essential for investors to adopt a strategic approach.

Key Considerations for Buyers

When considering a purchase of a property with a basement suite in Penticton, buyers should conduct thorough due diligence. This includes assessing the suite's condition, verifying its legal status, and understanding the local rental market. Engaging with a knowledgeable real estate advisor can provide valuable insights and help navigate the complexities of the market.

Additionally, buyers should consider the long-term potential of the property. As seen in markets like Medicine Hat, properties with well-maintained basement suites tend to appreciate over time, offering both immediate and future financial benefits.