PENTICTON REAL ESTATE & HOMES FOR SALE

 



A PLACE TO STAY FOREVER

 The name Penticton was derived from the Okanagan dialect of the Salish tribe; and the word Pen-tak-tin, means 'a place of permanent abode   where waters pass by'. It is also associated with the Okanagan words Sin-peen-tick-tin, which loosely translates as 'permanent place' and Pente-   hik-ton, which means 'forever'.

 Penticton is a city located in the South Okanagan, sandwiched between the southeast end of Okanagan Lake, and the northeast tip of Skaha Lake.   In addition to the two glacial lakes, the gentle rolling Monashee mountains surround the city. To the north, lie the communities of Summerland, on   the west side of Okanagan Lake, and Naramata, on the east side. To the south, on the west side of Skaha Lake, is the small community of Kaleden. 

Known as the hub of the South Okanagan, the city has a population of 43,000 and is centrally located along Highway 97. Its population was 33,761 in the 2016 census, while its census agglomeration population was 43,432. It's the largest community in the region. Osoyoos and the Canada/US border are to the south. Kelowna and Vernon are to the north, and Kamloops further northwest. The population is growing at an average of 0.58% per year, over the past 15 years.

Penticton is a city with a small-town heart. With its incredible high-desert weather, mountains and beaches, Penticton is a popular 4-season tourist destination. The city continues to grow as visitors choose to make this vacation paradise, with its affordable properties, their permanent home. The median value of a private dwelling is $359,167, which is just under the national median of $374,975. It's an area known for its farm-fresh produce stands, wineries and upscale restaurants that feature local ingredients.

33.22 percent — which is the majority of homes in Penticton — were constructed between 1961 to 1980. There was a construction boom before 1960, during which 2,800 homes were built, and another 2,560 homes were constructed between 1981 and 1990. The most popular dwelling size is 2 bedrooms, and the average family size is 2.6. Penticton's median age of 54.3 reflects the many residents who decided to spend their retirement years in the area. 

Penticton's business centre has access to major highways, the Canada/US border and convenient airports, with daily flights to Calgary and Vancouver. Penticton is continually recognized as one of the most entrepreneurial cities in Canada, with its business-friendly climate and low municipal taxes. There are 3,052 registered businesses in Penticton (2018), with 192 new businesses established annually (2017 - 2018).

 

Penticton has 9 distinct neighbourhoods.
 

Apex Mountain

 

Apex Mountain is a mountainside resort community situated about 30 minutes west of the City of Penticton. The hillside is dotted with mountain chalets, many with ski-in/ski-out access; while many more cabins and lodges hide in the forested streets of the mountainside resort community. Apex is a 4-season resort, with world-class downhill skiing and snowboarding in the winter, and a network of cross-country ski trails; and a whole mountain of hiking trails to explore the rest of the year. Apex Mountain offers a range of affordable condos, chalets and houses.

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Carmi


Upper Carmi is a quiet neighbourhood known for its open landscapes, and views of the valley, mountains and Okanagan Lake. Streets are well kept and beautifully landscaped, with newer housing styles. Newer developments like Sendero Canyon are expanding the borders of the neighbourhood.

Lower Carmi has a mix of older homes and new construction, surrounding Carmi Elementary School. It's also home to the Lier House heritage home and cultural centre. Located 10 minutes from the beaches, Carmi is one of the most desirable areas in Penticton.


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Columbia / Duncan

 

Columbia/Duncan is an affordable area with a mix of single-family and multi-unit family homes. The neighbourhood is close to schools, shopping, restaurants and the hospital. The community is located at the base of a mountain, adjacent to open park space, with a ravine that overlooks Penticton Creek. Columbia Elementary School and its associated park have made this a popular community for raising a family.

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Husulu / West Bench / Sage Mesa

 

West Bench offers a taste of rural life, with a mix of modern subdivisions, farms and orchards. West Bench, Husula Highlands and Sage Mesa are perched on Penticton's western slopes, with panoramic views of Penticton and Okanagan Lake. West Bench Elementary is central to this family community.

The Penticton Golf and Country Club is located at the foot of West Hill Bench Road. The Kettle Valley Rail Trail passes through this area, providing access to the longest trail in BC.
 

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K-Streets


The K-Streets neighbourhood is situated just outside Penticton's downtown core. Many of the streets begin with the letter "K". This affordable neighbourhood is characterized by classic homes on shady tree-lined streets. Many of the homes are original war-era houses, thoughtfully renovated. There are three parks in K-Streets. McLaren Park offers baseball diamonds and an arena for minor hockey and public skating. Another park follows Penticton Creek, with a well-maintained trail that is popular for a quiet walk in the woods, or morning run. Grocery shopping, dining, entertainment, boutique shops and Penticton's Main Street are all nearby.
 

 

Main Street North and South

 

The Main Street North and South neighbourhoods run the north and south lengths of Penticton's Main Street. These quiet neighbourhoods surround Penticton's vibrant downtown core.

Main Street North is known for its incredible beaches along Okanagan Lake’s shoreline, extending from the SS Sicamous heritage site to beyond the Penticton Art Gallery and the Japanese Garden. The neighbourhood offers a mix of older single-family homes, new construction and condos. The homes are within walking distance of the waterfront esplanade, farmers’ and community markets, restaurants, boutique shopping, wineries and craft breweries.

Main Street South's proximity to Skaha Lake has made it one of the most sought after neighbourhoods in the city. The south end offers a mix of renovated classic homes, unique character houses and new development. A scenic paved promenade follows the length of the beach. There's convenient shopping at the South Main Market.


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View All Main Street South Real Estate Listings

 

 

Uplands / Redlands

 

The Uplands/Redlands neighbourhood is located on a bench, with sweeping panoramic views of both Okanagan and Skaha Lakes, and the City of Penticton. The views and well-kept streets make this a very desirable area. Uplands/Redlands offers a mix of renovated older homes and newer construction, with manicured lawns and immaculate landscaping, set amidst old-growth trees. Residents are close to the Uplands Elementary School, Downtown Penticton, the KVR Trail and Munson Mountain. This area is the gateway to some of the finest wineries in BC, with the first vineyards and orchards of the Naramata Bench a little further up the hillside.

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Wiltse/Valleyview

 

Wiltse and Valleyview are two of Penticton’s most prestigious neighbourhoods, with expansive panoramic views, overlooking the sandy beaches of Skaha Lake Park that stretch along the lakefront. At the heart of this family community is the Wiltse Elementary School, with its large sports fields and playground. Older students take the bus to the Skaha Lake Middle and Princess Margaret Secondary Schools. Residents are close to shopping and dining, at the Cherry Lane Mall, and Downtown Penticton, via South Main Street.

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RE/MAX PENTICTON REALTY 169 TIMBERSTONE PLACE, Penticton

 

New Developments
 

Penticton is growing, with several new developments on the go at any given time. 

The Bluffs at Skaha is a wildland/urban development of single and multi-family homes with spectacular views. It offers an integrated trail network for walking and biking, and a world-class recreational playground and wildlife sanctuary in the surrounding roughly 1,200 acres of parkland. 

The Bow is an affordable ranch-style residential development, located in the heart of Penticton. The property is leased to Warren Avenue Development Corp. for an unprecedented 150-year tenure. Purchasers own their home and have a sublease under a secure prepaid 150-year land lease from the Crown.

Pineview Plateau is a 20-acre single-family development on the eastern hillside slopes of Penticton, in the heart of wine country. The subdivision offers excellent views of the City, as well as both Okanagan and Skaha Lake; and it backs onto acres of wilderness and hiking trails. 

Skaha Hills is a master-planned community of Penticton's most desirable hillside property. Project phases include The Vistas, The Bench, The Park and The Ridge. The first neighbourhoods, The Views, offered spectacular views from a superb location on the hills above Skaha Lake. The Views were sold out within only weeks. Skaha Hills second neighbourhood, The Ridge, offers detached homes further up the hill, with exciting new exterior designs and floorplans. The Ridge also sold out. And now, Skaha Hills third neighbourhood offering, The Vistas, offers a fresh approach to townhome design, with unique terraced ranchers, with a one-level living plan and huge balconies. The Bench, Skaha Hills next detached homes neighbourhood is now released for registering.

Riverside is a development of 35 contemporary riverfront townhomes, in the heart of the Downtown Penticton's riverside district. These luxury townhomes offer open plan living, two-car garages and four levels of living space. All plans offer approximately 2,300 sq ft, with 1000 sq ft of deck and rooftop space. 

 

Climate

 

According to Environment Canada, Penticton has the most attractive climate of all Canadian cities. The city averages 2,100 hours of sunshine and only 15 inches of rainfall. The City has a steppe climate (BSk) bordering on an oceanic climate (Cfb), with low precipitation, hot summer days with cool nights, and moderately cool, mostly cloudy winters. The year-round temperature averages 9.0 °C.

Penticton is the fourth driest city in Canada, averaging 58.7 cm (23.1 in) of snowfall per year. The Okanagan Valley is surrounded by the Rocky Mountains. The mountains block any arctic winds from reaching Penticton. They also prevent mild maritime air from reaching Penticton in summer, leading to warmer weather than Vancouver.

 

Employment Opportunities

 

Penticton has a median household income of $58,828, and an unemployment rate of 9.3% (2016 Census). Key business sectors include manufacturing and technology, tourism, virtual and mobile work, 

Penticton's manufacturing sector consists of over 80 companies, with the majority focused on niche manufacturing and custom products. Penticton has roughly 280 acres (112 hectares) of industrial zoned land.  Its industrial area is centrally located for access to key trucking routes, especially via the Highway 97 corridor. KPMG named Penticton the most cost-effective place to carry out manufacturing in the North America Pacific Region.

Tourism is a major employment sector. Penticton currently attracts about 1.2 million visitors per year. The city's lush valleys, incredible mountain areas, warm glacial lakes, and over 2,100 hours of sunlight per year have made it a prime tourist destination. When paired with its two waterfronts and diverse terrain, long hot summers and short mild winters; it's possible for visitors to ski in the morning, sail in the afternoon and golf year-round.

The agriculture and wine country sector are a very important part of Penticton's economy. The Okanagan is home to more than 2,200 farmers, with over 84,000 hectares of active farmland. Much of Penticton's produce is organically grown. The South Okanagan is considered the fruit basket of Canada. The warmer temperatures and longer growing season are more conducive to fruit crops than almost anywhere else in Canada. Agricultural land dedicated to fruit, berry and nut production in the South Okanagan currently represents 58% of land under cultivation in the Okanagan Valley. Over 40% of that is grape cultivation. The Okanagan Valley holds 82% of the total vineyard acreage in BC.

Construction employs a substantial portion of Penticton’s labour force, and this sector has been growing over the last 10 years. The number of building permit applications the City receives has been quite steady over the last eight years, and employment opportunities are forecast to remain strong in all the building-related trades.

Another rapidly growing Penticton industry is virtual and mobile work. One-third of the global work-force will be virtual by 2020, and 58% of all employment will be contract-based. Many of Penticton's residents now enjoy the “donut schedule,” working in the morning, taking the afternoon off to enjoy the many outdoor activities the area has to offer, and returning to work at the computer in the evening. In Penticton alone, the virtual workforce includes freelance writers, illustrators, environmental consultants, software development, team leads for IBM and Intel and several people managing their own start-up companies, from tech to publishing. Meeting with clients is easy in Penticton, with access to Vancouver and Calgary in under an hour. Flights to Vancouver and Calgary are only 45 minutes and the flights leave two to three times a day.

 

Education

 

Elementary Schools in Penticton include Carmi Elementary, Columbia Elementary, Parkway Elementary, Queen's Park Elementary, Uplands Elementary, West Bench Elementary and Wiltse Elementary. École Entre-Lacs Penticton is a French Immersion elementary school, offering full-day French study from Kindergarten to Grade 8.

There are three middle schools: KVR Middle School, McNicoll Middle School and Skaha Lake Middle School. And two secondary schools: Penticton Secondary and Princess Margaret Secondary.

Independent schools include Concordia Lutheran Church & School, Holy Cross School and Penticton Christian School.

There are two colleges in Penticton: Okanagan College - Penticton Campus and Sprott Shaw College Penticton. Okanagan College (OC) is British Columbia’s second-largest trades training institution and the largest post-secondary institution in the region. Sprott Shaw is a private institution that focuses on skills for jobs in high growth industries. 

 

Shopping/Dining

 

Penticton has two shopping centres. Cherry Lane Shopping Centre is the only enclosed Shopping Centre in South Okanagan. It's situated on 22 acres in the heart of Penticton. Cherry Lane has 54 stores, and anchor stores include Hudson's Bay, London Drugs and Save On Foods. SmartCentres Penticton is a 201,947 sq ft open shopping centre. There are 12 stores, and anchor stores include Petsmart, Staples and  The Real Canadian Superstore.

Penticton has gained a reputation for its sophisticated culinary scene and many wineries. The City is the hub of wine tourism in the Okanagan Valley, with more than 120 wineries within an hour's drive and over 40 wineries within its city limits. There are also many craft beer breweries, distilleries, and cider manufacturers. Penticton gained a reputation for its early involvement in the craft brewing movement and is a featured route in BC Ale Trails.

Here's a small sampling from Penticton's dining scene. For lunch or light dinner, Brodo Kitchen might be just the spot. Brodo features locally sourced ingredients in a variety of soups, sandwiches and salads; and the menu changes seasonally to reflect what's fresh. They have an urban cultivator on-site providing fresh herbs, with meat and produce coming from local orchards and farmers, and wine from nearby vineyards. Front Street Brasserie serves French-inspired comfort food in Downtown Penticton.

Hooded Merganser Restaurant is a lakeside restaurant with big windows that overlook the water and a dock. They serve local cuisine raised on their own farm. The Portalakis family of La Casa Ouzeria Restaurant offer both fine Greek & Italian cuisine. Theo and Mary Theodosakis have been serving authentic Greek dishes at Theo's in a relaxing and beautiful setting for over forty years. Lachi offers a full menu of Indian favourites, ranging from beef and lamb to tender chicken and freshly caught seafood. 

 

Transportation

 

One of Penticton's best features is its central location. The district municipality of Peachland is 27 minutes (37.8 km) away by Highway 97, and Kelowna is 51 minutes (62.9 km). Osoyoos is 52 minutes (62.7 km) via Hwy 97. South of Osoyoos lies the Canada/USA border. Penticton is 5 hours from Seattle, Washington or Vancouver, BC, and 8 hours from Calgary, Alberta.

Bus service in Penticton is provided by BC Transit. Penticton Transit operates a modern fleet of "low floor" fully handicapped-accessible transit buses. Beginning September 3rd, 2019, the bus route between Penticton and Kelowna is open. Fares for the new Route 70 will be $5 per trip.

Penticton Regional Airport (CYYF) provides daily non-stop flights to Calgary and Vancouver via WestJet and Air Canada.

 

Arts and Entertainment


Penticton is a community of artists and supporters of the Arts, with public art displays, downtown galleries and an annual contest that celebrates the work of local sculptors. The Penticton Art Gallery interacts with the community by designing programs that inspire, challenge, educate and entertain, while showcasing the visual, artistic and cultural heritage of Indigenous Peoples of Canada.

Penticton Arts Council’s historic Leir House Gallery is a 1920s stone-clad mansion that is open to the public year-round. The historical building is host to the PDCAC Arts Rising Festival and Cultural Days events. The Shatford Center is home to the Okanagan School of the Arts. The 30,000 square foot building has classrooms, studios and a recital hall that seats up to 300 people. A wide variety of performing and visual arts courses for students of all ages and stages are offered year-round. The centre also houses periodic visual art exhibitions.

Penticton's stages and theatres are always in use, by community theatre groups, touring shows, and the Okanagan Symphony Orchestra.  The Cleland Community Theatre hosts national and international performers, symphonies, school groups, comedians, noteworthy speakers and community groups. The theatre seats 443.

The Penticton Museum is located in the Penticton Community Art complex, which it shares with the Penticton Public Library.

 

Sports and Recreation

 

One of Penticton's favourite outdoor adventures is the KVR Trail. The Kettle Valley Rail Trail trailheads provide access to more than 160 km of flat, railbed trails for walking and biking. The trail is part of the Trans Canada Trail. The scenic gravel trail winds its way past orchards and vineyards on its way to Naramata. It's also a popular way to tour the wineries of the Naramata Bench. From Naramata, the trail passes over trestles and through tunnels on its way to Myra Canyon in Kelowna.

Penticton is a beach community. Located at the north end of the city, Okanagan Lake Beach is one of the most beautiful beaches in Canada. Its views, soft sand, shaded areas, expansive swimming areas and neighbouring dog park make it one of the most popular beaches in the area. Skaha Beach, located in Skaha Lake Park, is another hot spot. The park has several playgrounds, trails, sports courts and picnic areas. There's also a large pavilion for local events. Rentals of boats, kayaks and paddleboards are available at both lakes. 

The Skaha Bluffs is a popular rock climbing destination. The Okanagan crags and boulders offer challenging routes and obstacles for all skill levels, with excellent views of the Valley. With its lakes and gentle hills, and low-traffic roads, Penticton has become host to many world-class triathlons and races over the past thirty years.

A 38 minute (34.9 km) drive just outside Penticton, Apex Mountain Resort is located on the west side of Okanagan Lake. Apex is the only mountain in the Okanagan that faces northeast, resulting in a light champagne powder that is less affected by the sun, so it lasts for days after a snowfall. An average of 600 cm falls each season. Apex's dry powder snow and moderate conditions make it a favourite for skiers and snowboarders. Apex offers 2,000+ feet of vertical, with 79 marked runs, another 40+ unmarked runs, 4 terrain parks, short 2-minute average lift line waits and 5,000 hectares of backcountry terrain.

There are four golf courses in the Penticton area: Penticton Golf & Country Club, Pine Hills Golf Club, Skaha Meadows Golf Course and Wow Golf Club.

 

Investing in Penticton

 

Penticton is one of the most beautiful places in Canada, with sandy beaches, warm freshwater lakes and rolling mountains. It has some of the warmest summer temperatures and mildest winters. It's a foodie's dream, with fresh local produce, wineries, craft breweries and distilleries. And it's an excellent place to raise a family, with great schools and safe neighbourhoods, local trails and parks, and plenty of recreational activities to choose from. 

In addition to the city's many attractions, Penticton is an affordable place to live. There are many older, tastefully renovated homes in quiet subdivisions, that make great starter homes for young families, or retirees looking to downsize. And Penticton is growing, with affordable new housing developments under construction.

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