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Building & Condo information

Sokana

270 Riverside Drive


Penticton, V2A 5Y5 PENOK - Okanagan

Official Website: liveatsokana.com Developers Website: www.kerkhoff.ca
  • Levels: 6
  • Suites: 138
  • Status: Under Construction
  • Built: 2026
  • Building Type: Strata Condos
  • Bldg#: 16568

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Building Info

Sokana - 270 Riverside Dr, Penticton, BC V2A 5Y5, Canada. Located at Riverside Drive & Eckhardt Avenue in the neighbourhood Okanagan-Penticton. Comprise of 234 condominiums, 4-storey wood frame building with 2-storey concrete parking podium. Development by Kerkhoff Construction. Offers a selection of studio, 1-bedroom, 1-bedroom + den, and 2-bedroom layouts. This variety in unit types provides options for individuals, couples, and families of different sizes. The suites can also be used as vacation rentals. Feature an outdoor pool, a putting green, lawns, an al fresco dining space, and lounge areas. Indoor amenities include a multi-purpose room and two fitness studios. Proudly design by Formosis Architecture. 

Official Website: liveatsokana.com
Phone: 250-462-5183
Email: sales@liveatsokana.com
Sales Address: 270 Riverside Drive, Penticton
Strata Sub Categories: Strata Condos
 

Sokana Technical Info

Building Name Sokana
Address 270 Riverside Drive
City Penticton
Neighborhood Okanagan
Listing Price Range N/A
Floors 6
Units in Development: 138
Units in Strata:138
Sub Categories:Strata Condos
Year Built 2026
Developer Kerkhoff Construction
Architect Name Formosis Architectur
Architect Phone 604-688-7582
Architect Email studio@formosis.ca
Designer Portico Design Group
Official Website liveatsokana.com
Restrictions Details

Sokana Documents

  

Sokana Building & Common Area Photos

270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
270 Riverside Drive - Sakona - Penticton - Rendering
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Complex Site Map (Click image to enlarge)

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Complex Site Map (Click image to enlarge)

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Sokana Videos

Sokana A contemporary riverside community in the heart of Penticton
Sokana
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Penticton Homes for Sale - SOKANA Development!

Sokana Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Real Estate Related News Articles(Sun and Province) Search News  

Mandarin 
# Article Publish Date Source
1 City Of Burnaby Introduces ProposedRates For Updated DCCs, New ACCs

In November, the Province of British Columbia announced that it would introduce a new development financing tool that would streamline the development timelines that often hold cities back from building housing faster.

That new tool, introduced via Bill 46, theHousing Statutes (Development Financing) Amendment Act, is the creation of amenity cost charges (ACCs) along with changes to how development cost charges (DCCs) and community amenity contributions (CACs) currently work.

Currently, DCCs — which are called development cost levies (DCLs) in the City of Vancouver — are charged by municipal governments on all new development projects and typically have set rates that are payable early on in the approval process. The funds that municipal governments collect from DCCs are limited in what they can be used for, however, specifically to cover costs associated with growing infrastructure, such as roads, sewers, or drainage.


City Of Burnaby Introduces ProposedRates For Updated DCCs, New ACCs
2024/02/28 other
2 Tri-Cities turn to transit-oriented development to accommodate population boom

Population growth, increasing demand for housing and new provincial legislation have set the stage for “unprecedented” growth in the area, said Leslie Courchesne, CEO of the Tri-Cities Chamber of Commerce. The result is an increasing number of master-planned communities, new transit-oriented development (TOD) and a rethinking of the kinds of developments that are needed in the area.

“The number of master-planned communities of significant size … is something we’ve never seen before. It’s exciting, but it also really brings to the forefront how important it is for the region to be working together to make sure we get this right,” said Courchesne.

Examples of new and vast developments are Coronation Heights by Polygon Homes Ltd. in Coquitlam, which will add more than 2,800 housing units across nine towers and roughly 4.5 hectares of land.


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4 New Property Transfer Tax exemptions for first-time buyers and new homes in BC

n an effort to improve housing affordability, three major changes are being made to the Government of British Columbia’s Property Transfer Tax (PTT) framework.

Firstly, the threshold to be eligible for the first-time homebuyers’ exemption will be increased from a fair market value of $500,000 to $835,000, with the first $500,000 exempt from the tax. The phase-out range for the complete elimination of the exemption will be $860,000, while properties with a fair market value under $500,000 will be completely exempt. These changes will start on April 1, 2024.


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5 Budget 2024: B.C. introduces new home-flipping tax

Flipping Tax  

The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in addition to any existing federal or provincial income taxes incurred from the sale of the property, including the federal anti-flipping tax. Exemptions will be available for certain life circumstances that might motivate the sale of a property within two years, including for added supply through the creation of rental accessory dwelling units. 

 

The BCREA Economics Department’s preliminary analysis estimates the flipping tax will decrease home sales by between 1-2 per cent over a three-year period. Given the relatively small impact, prices and housing attainability are essentially unchanged by the tax. This is unsurprising, given that short-term flipping represents a low share of sales activity (less than 2 per cent in both Vancouver and Victoria). 


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