Property Type: Detached HouseOwnership: Freehold

3939 LAKESIDE Road

Penticton, BC V2A8W1

$2,880,000

3 bed2 bath13 parking2,389 sqftBuilt 1957
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.48 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$12,488.3

Interior

Basement
Crawl space
Heating
See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Appliances
Refrigerator, Range - Gas, Dishwasher, Hood Fan, Washer & Dryer

Exterior & Lot

Exterior features
Wood siding, Other
View
City view, Lake view, Mountain view, Valley view, View (panoramic)
Waterfront
Waterfront on lake
Pool
Above ground pool
Lot features
Level lot, Private setting, Central island, Three Balconies

Building

Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
003-057-976

Parking

Total spaces
13 — covered indicated
Features
Detached Garage, Other, RV, Oversize, See Remarks, Additional Parking

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level24'0'' x 16'0''
Living roomMain level20'7'' x 19'6''
KitchenMain level16'0'' x 14'0''
Family roomMain level22'0'' x 18'8''
4pc Ensuite bathMain level
Dining roomMain level17'4'' x 9'8''
BedroomMain level15'8'' x 11'8''
BedroomMain level15'8'' x 12'9''
4pc BathroomMain level

Listing Information

MLS®
10387249
Listed
May 13, 2026
Time on market
On the market for 110 days
Data last synced
August 29, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Welcome to one of the most remarkable lakeside opportunities in Penticton. Nestled along Lakeside Road, this spacious 3 bedroom, 2 bathroom home sits on one of the largest lots on the lake, offering incredible potential for homeowners and investors alike. With R4 multi-unit zoning, the possibilities stretch as wide as the waterfront views - think of rental income, redevelopment, or a legacy family compound. The generous 2,349 sq ft living space provides ample room for comfortable everyday living, while the fully fenced yard creates a private outdoor space to enjoy freely. Parking is plentiful making life convenient for residents and guests. This location truly sets this property apart. A marina and pub sit just steps from your door delivering that quintessential lakeside lifestyle without ever having to drive. Skaha Park Pond is a short stroll away, perfect for morning walks and afternoon adventures. Princess Margaret Secondary School and a Wallmart Supercenter are both within easy reach for everyday essentials. The Penticton Airport is also conveniently close connecting you to destinations near and far. Whether you envision a primary residence with strong rental income potential, a vacation retreat, or a strategic multi-unit investment this property provides exceptional versatility. Waterfront lots of this caliber rarely come to market in the Okanagan - and when they do they dont last long. Contact us today to schedule your private showing. (id:63159)

Values & Trends

This listing

$1,206/sqft

Building average

No other active listings in this building

Main South average

$587/sqft

24 active listing(s)

Parking: 13 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

Mainly Clear

17°C

Mainly Clear

Humidity 67%

Wind NE 4 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

36,885

(2021 Census)

+9.3% since 2016

Density: 857.2/km²

Dwellings: 18,457

Median household income: $68,000

After-tax: $61,600

Immigrant population: 13.4%

Top countries of origin (% of total population)

  • United Kingdom2.6% · 960
  • India1.5% · 535
  • United States of America1.1% · 415
  • Germany1.1% · 390
  • Philippines1% · 375
  • Portugal0.5% · 200
  • Netherlands0.5% · 175
  • Korea, South0.3% · 110

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

SchoolTypeDistance
Princess Margaret SecondarySecondary1.4 km
Wiltse ElementaryElementary2.6 km
Holy Cross School(Independent)Elementary/Middle4.0 km
Columbia ElementaryElementary4.4 km
Penticton Christian School(Independent)K-124.4 km
Entre-lacsElementary/Middle4.7 km
Penticton SecondarySecondary4.8 km
Secondaire de PentictonSecondary4.8 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

Parks (2)

  • Skaha Lake Park421 m
  • Unnamed772 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($576,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,304,000.00
Periodic payment — Principal & Interest (monthly)$14,864.63
Additional monthly expenses (strata, tax, utilities, etc.)$1,159.69
Total monthly cost$16,024.32
Interest paid over 5-yr term$660,333.02
Balance at end of term$2,072,455.45

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$576,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,716.95

Cash Needed at Closing

Minimum down payment$576,000
Estimated BC PTT$64,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$641,900

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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