For Sale · Land

1060 Pearson Road, Penticton

1060 Pearson Road, Penticton, BC V2A8T9

$4.9M total

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Asset Class

Land

Size

—

Building class

A

Zoning

AG — Agricultural

$ / SF

—

Occupancy

82%

Year Built

2005

Lot Size

4.9 ac

About this property

World-class estate in an extraordinary setting. A contemporary architectural masterpiece perched above Okanagan Lake, offering 4.9 acres of unobstructed lake views on the coveted Naramata Bench, all within city limits. This custom-designed residence seamlessly blends exceptional architecture, refined luxury and environmental sustainability. Offering 4,380 sq. ft., 5 bedrooms, 4 bathrooms, a stunning open-concept chef's kitchen, wine room, gym and expansive decks. Every detail reflects quality and craftsmanship, including ICF concrete construction, geothermal heating and cooling, in-floor radiant heat, Turkish limestone flooring throughout, soaring 13 ft. ceilings, seamless glass, oversized fir doors and trim, and extensive use of reclaimed fir. Outside, enjoy a resort-inspired setting featuring a luxurious hotel-sized saltwater pool, expansive pool deck, built-in spa, outdoor shower and outdoor kitchen with built-in BBQ. Additional features include a triple-car garage, separate 1,000 sq. ft. two bedroom guest quarters and barn. Approximately 4 acres are dedicated to high-density, certified organic apple production. A truly exceptional offering that brings together architectural distinction, breathtaking views, privacy and the very best of Okanagan living. (id:66811)

Financial sandbox

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Estimate
Purchase price$4.92M
Down payment30% · $1.48M
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$23K

Projected NOI

$179K

Annual cash flow

$-94K

Cash-on-cash

-6.38%

DSCR

0.65

Going-in cap

3.63%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

73,413

Households

32,212

Median income

$95,500

Median age

46

Daytime population

123,089

5-yr growth

9.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1060 Pearson Road, Penticton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.