A vented soffit panel and related method for buildings and the like includes a generally flat imperforate base portion shaped to enclose at least a portion of the building soffit when mounted in a generally horizontal orientation under an eave. At least one vent channel protrudes upwardly from the base portion, and has a generally trapezoidal shape defined by a horizontal imperforate top wall and inclined perforate sidewalls with lower ends that connect with the base portion in a spaced apart relationship to define a slot through which air flows to vent the eave. The perforate sidewalls are disposed at an acute angle, such that they are hidden from view from a position underneath the eave.