Residents in a home in the 300 block of Winnipeg Street said two males entered their home and threatened them with what appeared to be a handgun.
Cpl. Dan Moskaluk said between 1 and 1:50 p.m. on Thursday two Caucasian male youths believed to be between the ages of 14 and 17, wearing balaclavas entered the home.
"Investigators are establishing the motive and believe the incident was directed at the particular residence and was not a random act," said Moskaluk.
It was reported to RCMP that the suspects left in a vehicle believed to be a newer model silver BMW sedan with black tinted windows, chrome rims with low-profile tires and blacked-out aftermarket LED-type tail lights.
RCMP officers and the dog handler combed the area for suspects on Thursday but were unsuccessful.
Investigators want to speak with anyone that may have information regarding this incident or to any witnesses who may have seen this vehicle and its occupants in the area on that date. Persons with information can contact the Penticton RCMP at 250-492-4300 or via CrimeStoppers at 1-800-222-8477.