Property Type: Condo / ApartmentOwnership: Strata

13011 LAKESHORE Drive S Unit# 115

Summerland, BC V0H1Z1

$162,500

1 bed1 bath1 parking378 sqftBuilt 2005
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$643/mo
Annual property tax
$1,336.7

Interior

Heating
Geothermal
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

Waterfront
Waterfront on lake
Pool
Inground pool

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level' x '
Dining roomMain level' x '
Living roomMain level' x '
KitchenMain level' x '
4pc BathroomMain level

Listing Information

MLS®
10380231
Listed
March 20, 2026
Time on market
On the market for 164 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Parkside Realty · Data source: CREA DDF.

Description

Don't miss this unique opportunity! First time offered for sale by the original owner, this fantastic corner unit studio suite in the esteemed Summerland Waterfront Resort is the perfect landing pad for your Okanagan vacation plans! You'll be amazed at how the intuitive floor plan makes excellent use of the space and opens on to the expansive deck which adds room for entertaining and enjoying the view. Current rules state that owners can occupy the suite for up to 180 days per year with a maximum stay of 90 days per reservation. Summerland Waterfront is known for its attractive amenities including outdoor swimming pool, patio, gym and sauna along with delicious dining at Shaughnessy's Cove and the on-site bistro, and renowned Ikaya Day Spa. Truly a turn-key option, this property is not to be missed! (id:63159)

Values & Trends

This listing

$430/sqft

Building average

$364/sqft

5 active listing(s)

Lower Town average

$475/sqft

15 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

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

30

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-121.9 km
Summerland Montessori School(Independent)Elementary2.2 km
Unisus Senior School(Independent)Secondary2.9 km
Unisus Junior School(Independent)Elementary2.9 km
Trout Creek ElementaryElementary3.9 km
Naramata ElementaryElementary4.4 km
West Bench ElementaryElementary11.2 km
Queens Park ElementaryElementary12.2 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 Drive59 m

Cafes (1)

  • Unnamed33 m

Parks (2)

  • Kinsmen Park233 m
  • Unnamed508 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,125) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$130,000.00
Periodic payment — Principal & Interest (monthly)$838.72
Additional monthly expenses (strata, tax, utilities, etc.)$773.39
Total monthly cost$1,612.11
Interest paid over 5-yr term$37,258.37
Balance at end of term$116,935.42

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,125
Stress test qualifying rate8.09%
Payment you must qualify for$1,187.09

Cash Needed at Closing

Minimum down payment$8,125
Estimated BC PTT$1,625
Legal / closing costs (typical estimate)$1,500
Total cash needed$11,250

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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