Property Type: Land / LotOwnership: Freehold

12210 LAKESHORE Drive S

Summerland, BC V0H1Z1

$799,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.13 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,478

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view

Listing Information

MLS®
10388794
Listed
May 25, 2026
Time on market
On the market for 98 days
Data last synced
August 28, 2026

Listing provided by: Chamberlain Property Group Inc. · Data source: CREA DDF.

Description

A rare and exciting opportunity to acquire two lots in the highly sought-after Lower Summerland area—directly across from Okanagan Lake and a municipal beach park, and just a short walk to the Summerland Waterfront Resort and Hotel. This prime, level property with additional access off an alley offers a range of development options, with zoning in place to accommodate one or two single-family homes, or a duplex, each with the option for a separate legal suite. Significant time and investment have already been made by the current owners to obtain zoning approvals and remove the previous home from the site. Conceptual renderings for 2 styles of duplexes are included in the listing photos, and a detailed information package is available upon request (id:63159)

Location Insights

Weather

17°C

Humidity 56%

Wind SW 4 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

12,042

(2021 Census)

+3.7% since 2016

Density: 162.6/km²

Dwellings: 5,426

Median household income: $82,000

After-tax: $74,000

Immigrant population: 12.2%

Top countries of origin (% of total population)

  • United Kingdom3.3% · 395
  • Germany1% · 125
  • India0.9% · 110
  • United States of America0.8% · 95
  • Netherlands0.7% · 85
  • Poland0.4% · 50
  • Hungary0.3% · 40
  • Philippines0.3% · 40

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

3/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Summerland SecondaryK-122.1 km
Summerland Montessori School(Independent)Elementary2.3 km
Unisus Senior School(Independent)Secondary2.8 km
Unisus Junior School(Independent)Elementary2.8 km
Trout Creek ElementaryElementary3.6 km
Naramata ElementaryElementary4.2 km
West Bench ElementaryElementary10.9 km
Queens Park ElementaryElementary11.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (1)

  • Shaughnessy’s Cove · 12817 South Lakeshore Drive281 m

Cafes (1)

  • Unnamed330 m

Parks (2)

  • Kinsmen Park108 m
  • Unnamed775 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (strata, tax, utilities, etc.)$289.83
Total monthly cost$4,413.73
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,721.87

Cash Needed at Closing

Minimum down payment$54,900
Estimated BC PTT$13,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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