luxury properties for sale Penticton, Canada

For sale by court order. Sold as-is, where-is. Presenting a compelling infill development opportunity in a highly convenient South Penticton location. This approximately 13,950 square foot (0.32 acre) site is zoned RM2 Low Density Multiple Housing and was previously rezoned to facilitate a three-storey, six-unit townhouse concept. Directly across from a park and minutes from Cherry Lane Shopping Centre, the property offers future residents walkable access to shopping, services, public transit and everyday conveniences. A public pathway bordering the site connects to the community garden and Baskin Park, with Lions Park also nearby. An increasingly rare opportunity to deliver much-needed housing in an established, centrally located neighbourhood. All development potential is subject to independent verification and municipal approval. All offers are subject to approval by the Supreme Court of British Columbia. Sold as-is, Where-is.

Breathtaking lake views define this exceptional 5.64-acre estate on the coveted Naramata Bench. The property offers a refined vineyard lifestyle with meaningful revenue potential. The 4 bedroom residence is designed for effortless living and entertaining, with soaring ceilings, expansive windows, and generous decks overlooking Okanagan Lake. The private grounds are equally compelling, featuring a solar-heated saltwater pool, gardens, and open space for recreation or farm-to-table living. Above the triple garage, a fully self-contained 1 bedroom carriage suite provides flexibility for guests, extended family, or supplemental income. Approximately 4.5 acres are planted with Pinot Gris and Merlot, presenting an established vineyard opportunity. For those seeking a turnkey lifestyle, the current owners are open to leasing back the grape supply, allowing for immediate income while enjoying the setting. 2025 Vineyard Income was $52,000. 2025 rental income for the homes was $54,000. Moments to Penticton and steps to the KVR Trail, this is a rare offering where luxury living and vineyard potential meet. Whether pursuing a boutique wine venture or simply embracing the rhythm of vineyard living, this property captures the essence of the Okanagan lifestyle with elegance and enduring value. As an income producing property, it is anticipated to generate $106,000 to $110,000 in 2026. An exceptional opportunity for discerning buyers seeking both lifestyle and investment in one of the South Okanagan's premiere geographical indications.