Property Type: Detached HouseOwnership: Freehold

3415-3421 Princeton Summerland Road

Princeton, BC V0X1W0

$1,000,000

5 bed3 bath3,229 sqftBuilt 1949
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
1.01 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,597.71

Interior

Heating
Baseboard heaters, Stove, Wood
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View of water, View (panoramic)

Parking

Features
RV, Additional Parking

Room Dimensions

RoomLevelDimensions
OtherSecondary Dwelling Unit13'11'' x 12'
Full bathroomAdditional Accommodation5'2'' x 12'9''
Primary BedroomAdditional Accommodation14'6'' x 16'7''
Full bathroomSecond level10'8'' x 8'7''
BedroomSecond level21'7'' x 11'11''
BedroomSecond level23'3'' x 12'
BedroomSecond level17'9'' x 11'10''
Full bathroomMain level6' x 7'6''
Primary BedroomMain level16'8'' x 12'2''
Dining roomMain level7'7'' x 12'6''
Living roomMain level15'6'' x 21'9''
KitchenMain level16' x 11'8''

Listing Information

MLS®
10376477
Listed
June 19, 2026
Time on market
On the market for 73 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Rare Waterfront Legacy Compound on Chain Lake 3415 - 3421 Princeton-Summerland Road, Bankeir, BC Discover the ultimate four-season retreat. Nestled in a historic BC recreation area between the Okanagan and Vancouver, this gorgeous, treed 1.01-acre legacy property boasts 308 feet of private, pristine beachfront on Chain Lake. An easy 4-hour drive from Vancouver, 1.15 hours from Summerland, and 25 minutes from Princeton, this turnkey oasis comes fully furnished with linens and kitchenware included—ready for immediate enjoyment. The Residences & Outbuildings The Main Log Cabin: Rich with cozy ambiance, the main home features an open floor plan with beamed ceilings, a main-floor primary bedroom, and priceless cedar-paneled walls sourced from the original owner’s sawmill. Cozy up by two efficient wood stoves, or enjoy the covered porch overlooking the water. Upstairs, two large bedrooms sleep six or more, complete with a custom Murphy bed and vintage accents. The Log Cabin Suite: A stunning studio suite featuring an indigenous stone fireplace, an exterior fireplace/sitting area with a built-in BBQ, and an ensuite boasting an original cast-iron bathtub. The Bunkie & Storage: A fantastic games room/teen hangout with a pull-out couch and historic memorabilia. This space holds incredible potential to be combined with the adjacent storage area into a third family cabin. The Acreage & Lifestyle Experience absolute privacy amidst natural forest and irrigated lawns where loons, eagles, deer, and moose roam. Positioned within an exclusive 6-property compound, you will enjoy the security of a shared caretaker and a reliable artesian well. Whether you choose to live here year-round on a maintained winter road and school bus route, or use it as an easy ""lock and leave"" summer escape, this property offers an unparalleled lakeside lifestyle. Explore! (id:63159)

Values & Trends

This listing

$310/sqft

Building average

No other active listings in this building

Summerland Rural average

$775/sqft

27 active listing(s)

Parking: Not indicatedStorage 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

Partly Cloudy

13°C

Partly Cloudy

Humidity 69%

Wind N calm km/h

Tonight

Tuesday

26°

Tuesday night

12°

Wednesday

22°

Wednesday night

10°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

2,894

(2021 Census)

+2.3% since 2016

Density: 48.8/km²

Dwellings: 1,521

Median household income: $64,500

After-tax: $60,000

Immigrant population: 8.5%

Top countries of origin (% of total population)

  • United Kingdom1.9% · 55
  • United States of America1% · 30
  • Germany0.9% · 25
  • Philippines0.9% · 25
  • Croatia0.3% · 10
  • India0.3% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 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

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (1)

  • Chain Lake West Recreation Site488 m

Nearby places data: © OpenStreetMap contributors.

School district: Nicola-Similkameen (SD58)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($75,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$800,000.00
Periodic payment — Principal & Interest (monthly)$5,161.33
Additional monthly expenses (strata, tax, utilities, etc.)$460.81
Total monthly cost$5,622.14
Interest paid over 5-yr term$229,282.30
Balance at end of term$719,602.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$75,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,112.93

Cash Needed at Closing

Minimum down payment$75,000
Estimated BC PTT$18,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,500

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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