$2,799,000
1282 Corbishley Avenue
Beds
4
Baths
3
Sqft
—
Year
1940
Type
Agriculture
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Penticton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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 recreation space 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 $52k. 2025 rental income for the homes was $54k. Moments to Penticton and steps to 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. As an income producing property, it is anticipated to generate $106k to $110k in 2026. An exceptional opportunity for discerning buyers seeking both lifestyle and investment in one of the South Okanagan's premiere geographical indications. (id:65958)
- Subtype
- Agriculture
- Architectural style
- Contemporary
- Structure
- Other
- Community
- Uplands/Redlands
- Common interest
- Freehold
- Living area
- 3,408 square feet
- Lot size
- 5.65 acres
- Lot dimensions
- 5.65
- Parking
- 3 total
- Stories
- 3
- Fireplace
- 1
- On market
- Apr 22, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $6,645.27
- Photos
- 25
- MLS#
- 10384563
- Area
- PENTICTON
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Flooring
Roof
Lot
View
Pool
Utilities
Cash on cash
-6.23%
Cap rate
3.62%
GRM
16.7
Break-even rent
$17,060
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.