Apartment For Sale in Okanagan Falls

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Invest in a fantastic vacation rental property

•  1029 sqft , 1 bath , 2 bdrm apartment – FOR SALE  CAD349,900 . Okanagan Falls Skaha Lakeview MLS® 192209

Okanagan Falls Skaha Lakeview – Top Floor 2 Bedroom Condo.Is it time to create your weekend or summer retreat, invest in a fantastic vacation rental property or buy your first home? Welcome to your piece of paradise – set at the southern shore of Skaha Lake, just steps to parks and beaches. This very well kept Top floor Lakeview condo in OK Falls, just 12 minutes from Penticton. 2 bedroom and 1 bathroom, with large open living space. Steps to Skaha Lake, beach and shopping. You can move right in or buy for investment and rent out. No age or rental restrictions, you can do short term or vacation rentals. Enjoy all that the Okanagan has to offer, walk to the beach, close to lake, KVR trail, Wineries, Golf and short drive to Penticton. This is a great opportunity to own in the South Okanagan. All measurements are approximate. Please contact the listing REALTOR® or your agent for further details or to book your private viewing.

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Your essential home project toolkit


your-essential-home-project-toolkit_imageEmbarking on a home improvement project is a fun and rewarding way to spend spare time. With a myriad of ideas available in books and on the Internet, ideas abound for quick makeovers that yield dramatic results and useful solutions.

With the right supplies and a few good tools, you can tackle small improvement projects with confidence and ease. Here are recommendations for the tools most commonly used for small projects around the home:

Claw hammer. Ensure you have this old standby for general assembly and demolition.

Nail sets. You’ll need these in a variety of sizes to sink nailheads below the worksurface, providing for a clean finish.

Coping saw. This saw has a very narrow blade stretched across a U-shaped frame. It’s the tool of choice for making curved cuts to wood.

Tape measure. You’ll find it useful to have both a 12-ft. and a 25-ft. tape measure on hand.

Cordless drill/driver. This portable power tool makes light work of drilling holes and driving screws.

Levels. A 4 foot bubble level is best used on large surfaces – the smaller torpedo level works nicely in confined spaces.

Combination square. This square is used to position hardware, such as hinges on doors, and to check right and 45-degree angles.

Carpenter’s pencil. The pencil’s flat design keeps it from rolling off surfaces and it is used for marking and laying out hardware.

Utility knife and putty knife. A utility knife will handle most cutting and trimming jobs. You’ll need a putty knife for filling holes and patching.

Miter box. This tool is used with a handsaw to cut accurate 45-degree and 90-degree angles. The miter box is most often used for cutting trim and molding to length.

Screwdrivers. Your toolkit should include different sizes in both Phillips and Robertson. Or, you can consider at four-in-one screwdriver that holds four bits—two standard and two Phillips, which should meet most jobs.

Safety gear: Eye and ear protection; dust mask or respirator; knee pads; work gloves; work boots; and, a good first aid kit.

For best results, look for quality in the tools you select and invest in a tool bag or carry-all to keep your essentials well organized and easily accessible.

Basement basics to elevate your home

Finishing an underutilized basement makes financial sense in certain situations, and may add to your home’s resale value. For a family who has outgrown their current space and  wants to avoid buying a more expensive, larger home, finishing the basement can be worthwhile. Yet, there are considerations to ensure your project will be worth the time, effort and expense.

Use these guidelines to determine if your basement is a good candidate for a renovation and will deliver adequate return on your investment:

  • Is there enough headroom? A finished floor-to-ceiling height of at least 7.5 feet is required. Include in your calculation 2.5 inches for flooring and ceiling finishing materials. If you own an older home with insufficient floor to ceiling space, you may need to consider additional costs to lower and underpin the foundation to create sufficient headroom.
  • Is your basement wet? You’ll want to address any moisture problems before you begin. In older homes, moisture issues can be severe. In some cases, you’ll need to waterproof the foundation from the outside. Waterproofing can add substantially to the cost as excavation, waterproofing, weeping tile and backfill may be required.
  • Are your windows adequate? The outside bottom edges of all basement windows should be at least six inches above the soil. Consider the size and condition of the windows. Are any large enough for fire escape? Are they operable, damage-free, airtight and energy-efficient? Be sure to calculate the cost of any needed window upgrades when estimating your costs.

Finished basements provide a myriad of possibilities including guest rooms, nanny suites, play rooms and home theatres. Whether you’re looking to increase the value of your home, or enhance your living space, do your research to ensure a successful project.

More information is available at www.royallepage.ca.

Should you sell your home?


Should you sell your homeFor many, you’ll know it’s time, when posed with the question to stay or sell. Specific reasons to sell your home can come quickly, including job changes, divorce, children, health issues and marriage.  But for others, the decision to stay or sell will be one of great deliberation.

Few decisions will have bigger impact on your life than selling your home. Often, the decision requires landing on priorities to ensure you are doing the right thing and you are clear about what you will gain if you chose to sell.  Pondering these three crucial questions to help shape your decision:

What do you value about your current property and what do you find lacking? Make a list of pros and cons considering all features of your home and how it fits with your current lifestyle. If change is needed, see if renovating a viable option.

What are the pros and cons of your current location? Remember why you moved to your neighbourhood in the first place and consider if those reasons are still valid.

How about the financial picture? Are you looking to reduce expenses by downsizing to a smaller, less expensive home? Or, has your financial picture improved since you first purchased and it’s now time to leave this home behind?

Answering these questions will sharpen your perspective and help your decision to stay or sell your home.

If you’d like to find a Royal LePage agent in your neighbourhood, click here.

Royal LePage’s Rent vs. Buy Report


The Royal LePage Rent vs. Buy Report includes insights from economist and housing market analyst Will Dunning’s recent study on the financial benefits of home ownership versus renting. 

The study uses price data for 278 scenarios (broken out by city and housing type) across the country and aims to answer the commonly-asked question ‘Is it better to buy or rent?’. The study, which assumes the buyer is able to secure a 20% down payment, found that it is more financially beneficial to buy a home in Canada than to rent an equivalent dwelling over the long term, in 91% of cases.

According to a Mortgage Professionals Canada report, close to half of first-time homebuyers that purchased a property in 2018 or later in Canada, had a down payment of 20% or more. The average down payment for first-time homebuyers in Canada is 21%.

Key findings from the release include:

  • For those able to secure a sufficient down payment, it is more financially beneficial to buy a home in Canada than to rent over the long term, in 91% of cases analyzed;

  • As of Q2 2021, on average the net home ownership cost was $769 per month less than the cost of renting an equivalent dwelling;

  • Even with a 10% decline in home prices over a ten year period, approximately half of homeowners studied would still see a positive rate of return on investment, while the other half would break even or see a modest loss.

Read the full press release here.

7 More Things to Look Out for When Screening Tenants



Renting your property out is a great way to earn a little extra income and, to find the ideal tenant, it’s well worth screening your applicants. While the typical things to look out for will generally cover you (check out our previous article to find them out), sometimes it’s worth digging a little deeper. With that in mind, here are seven more things to look out for when screening tenants.

Reason for Moving Out

This may seem like a nosy inquiry, but it’s wise to ask your tenant why they are moving out of their current rental. Most of the time, it’s a simple reason, such as the lease expiring and them wanting to relocate closer to work or school. Or perhaps their previous landlord intends to sell the property. However, they could also be moving out due to a bad relationship with their landlord or roommates. A background check and landlord references will provide more context, yet it’s worth having the tenant’s side of the story as well.

Number of People Moving In

This is an important question to ask for legal reasons. First, the current regulation recommends two people per bedroom, so you need to make sure that your rental can accommodate everyone. Also, knowing how many people are moving in will help draw the lease agreement and highlight the legalities that come with differentiating between co-tenants and sub-tenants.

For example, a tenant can evict a sub-tenant, but only you, as the landlord, can evict one of the co-tenants. In the case of co-tenants, they will each be responsible for making sure the rent is paid in full each month, as well as complying with other contractual agreements, such as taking responsibility for any property damage.

When renting to several tenants, it’s also worth running a background check on everyone who is of age.

Inaccurate Information

Always make sure that the information you receive from your tenant aligns with your own findings. For example, if the credit report you receive from the tenant shows drastically different data compared to the one you got from a credit reporting bureau, that’s a red flag. The same applies to an eviction report that came up during a background check, but the tenant avoided telling you about it.

Honest mistakes aside, you want to be able to trust your tenant, and missing or incorrect information does little to facilitate that. If you cannot establish a relationship based on trust from the very beginning, you can expect difficulties later on.


You may come across a tenant who is trying to negotiate a lower rent or security deposit. Although it’s well within their right to do so, it could indicate that, despite their current financial and employment status, they anticipate having difficulties later on. As a landlord, always do a bit of market research before listing your property. This way, when a tenant tries to negotiate a lower rent, you can explain why the price was set the way it was.


Cigarette smoke can cause hundreds of dollars worth of property damage. Not only does the smell permeate everything in the unit, from curtains to furniture, but the smoke can cause paint discoloration, and unattended cigarettes can result in burn marks. True, you can always use the security deposit to pay for a fresh coat of paint and an ozone generator to get rid of the smell. But that also means that your property will be off the market while you fix the damage. So always ask your tenants whether they smoke, and make sure that they’re aware of any non-smoking lease clauses.

Potentially Noisy Lifestyle

Ask your tenants if they have a potentially disruptive lifestyle. Of course, nobody will admit that throwing late-night parties is their favorite pastime. However, it’s worth asking them if they have loud hobbies, such as playing an instrument or woodworking. Also, if your tenant is working odd hours and coming home at 3 in the morning, they may disrupt the neighbors, even if it’s something as innocent and inevitable as opening drawers, moving chairs or taking a shower.

Always make sure that your tenants are aware of the quiet times in the building, and check whether their lifestyle could result in disturbances. This will prevent not just fines but also problems with people living next door and even the HOA.

Move-in Date

It’s not unusual for tenants to prospect a new rental before actually moving out of their current one. Therefore, always remember to ask them if they can move in immediately or after a month. A tenant with stellar references, stable income and sky-high credit score but who can’t move in for several weeks is not ideal, especially in a hot rental market.


What to Look Out for When Screening Tenants


Renting out your property is a great way to bring in income. However, finding the right tenant can be a tricky process. Whether you are handling the process on your own or delegating the task to an agent, here are the seven main things to look out for when screening potential tenants.

Proof of Income

The first thing you need to check is whether your future tenants will afford to pay rent. Ideally, their monthly income should be at least three times the rent. Pay stubs, tax returns and even bank statements would confirm whether the figures add up. But if it looks like your tenant will be spending more than 30% of their income on rent, they may encounter difficulties making payments later on.

Credit Score

A tenant’s credit score is like a business card for their financial responsibility. Along with the proof of income, it confirms not just that they can afford to pay rent but that they can make these payments on time. Of course, the higher the credit score, the better. Most landlords look for a minimum score of 650, but some will be content with 600.

Employment History

Many landlords enjoy the financial stability that comes with a long-term lease, typically a 12-month one. Therefore, it’s wise to look for tenants with a long, steady employment history. Check if your tenant not only has a job but also if they have a habit of changing jobs often or if there are gaps in their employment. Frequent job changes can result in payment delays, as the tenant is waiting for their paycheck, or worse, missed rent payments.

Background Checks

Running a background check on your potential tenants is just as important as checking their credit score or employment history. For example, you’ll want to know if your tenant has been evicted in the past and the circumstances behind the eviction. If you’re running a background check for criminal convictions, always do so in accordance with the law, and be cautious of any discrimination.

Landlord References

References are essentially letters of recommendation for your tenant. As a landlord, you’ll want to know if your tenant has had a good relationship with their previous landlords, whether they made timely payments, and whether they left the property in good condition.

Of course, if you’re dealing with first-time renters, you won’t be able to ask for previous landlord references. In such cases, a reference letter from their employer or even a professor could be a good alternative.

Pet Ownership

Regardless of whether you have a pet-friendly apartment or a strict no-pets policy, asking your tenants if they have pets is a must. Of course, everyone wants a tenant that’s low maintenance, and sometimes, pets can complicate things. Yet that doesn’t mean you should rule out a tenant just because they have a pet. Since so many renters have pets nowadays, realistically speaking, there’s a good chance that your tenant will have one as well.

Attitude and Communication

The ideal tenant is not just someone who pays rent on time while keeping the place in pristine shape, but also someone you can have a good relationship with. Setting up an interview allows you to assess your tenant’s character in a way that credit scores and employment history can’t.

Does the tenant have a professional and polite attitude? Are they punctual? Easy to contact? Did they make sure their application was filled in correctly? Are they honest about their lifestyle choices, such as having pets or smoking? If your tenant ticks these boxes, you can be sure that you will have a professional and productive relationship for the duration of the lease.


Commercial For Sale in Penticton Main North, Penticton

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Once in a Lifetime Opportunity. 5 Lots in total!

•  commercial – FOR SALE  CAD3,150,000 . Phenomenal Location!
MLS® 186994

Phenomenal Location! Once in a Lifetime Opportunity. 5 Lots in total!! Including a Large Commercial Building, currently operating as a successful restaurant and with 2 homes that are currently rented on a month to month. All tenants agree to continue to lease back on agreeable terms. Corner Lot with street frontage being approximately 300ft x 100ft deep. Hugh development potential. Currently zoned CT1. Across the street from BC’s second largest Convention Centre and 1.5 Blocks to Lake Okanagan! Great access to downtown and schools. Located on Westminster Ave. Penticton’s most sought after development corridor.

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Make merry with a late-in-the-year home sale

You may have fewer people viewing your home during the fall and winter months, but that doesn’t necessarily mean fewer offers. Compared to selling a home in the spring when there are more homes on the market, selling during the final months of the year can often be a successful endeavour.

With careful planning and a few helpful tips you can showcase your home  and find time to enjoy the season too. Here are tips to help you through a late-year sale:

  • Weekends are for showing. Homes show better during the daylight hours, but as the days get shorter, the work week gets in the way for many buyers. However, this can work in your favour if you are selling a home late in the year. Show your home over the weekend during the day and leave it the evenings to enjoy outside social events.
  • Get help with the cleaning. You’ll need to keep your home sparkling clean for showing, so this might be a good time to spend a little extra money on a housekeeper. Alternatively, have the whole family pitch in daily to pick up, wipe clean, dust and vacuum. Many hands make light work.
  • Trim a smaller tree. Opt for a smaller Christmas tree and decorate sparingly to make an impact while not taking over the room. Be sure to store wrapped presents out of sight.
  • Strip out the clutter to make merry. If you’re selling during the holidays, it’s critical to clear out and store away all household clutter and personal items. Once the decks are clear, you can accent with a few tasteful and carefully-placed decorations.
  • Leverage tradition to create a warm, homey atmosphere. Plump pillows in cream and golds and soft earthy coloured throws coupled with red and woodsy greens accents provide seasonal touches that draw directly from nature. This kind of decorating is easy on the eye and attractive to any buyer.

More information on selling your home can be found online at www.royallepage.ca.

Single Story For Sale in Lower Town, Summerland

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Comfy, spacious, character home

•  1726 sqft , 1 bath , 3 bdrm single story – FOR SALE  CAD889,000 . Phenomenal Okanagan 180 degree Lakeview! MLS® 192161

Phenomenal Okanagan 180 degree Lakeview! Comfy, spacious, character home. Hardwood and tile on main floor. Sunny den off living room, open kitchen, 2 bedrooms plus den on main floor. Basement includes: 1 bedroom and 1 den, large workshop, outside entry. Large newer 10 x 28 deck and hot tub overlooking the Summerland Yacht Club and Okanagan Lake. Lots of Parking, room for your RV. Home is located on end of the street. New roof 2021. Large 0.27 acre lot.

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