Property Type: Detached HouseOwnership: Freehold

475 North Beach Road

Summerland, BC V0H1Z6

$2,225,000

4 bed1 bath7 parking924 sqftBuilt 1940
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.9 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,806.22

Interior

Basement
Crawl space
Heating
Baseboard heaters
Fireplace
Yes (1)
Fireplace type
Wood, Conventional
Flooring
Tile, Carpeted, Linoleum

Exterior & Lot

Exterior features
Stucco, Wood siding
View
Lake view, Mountain view, View of water

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
7 — covered indicated
Features
Detached Garage, RV, Additional Parking

Room Dimensions

RoomLevelDimensions
KitchenMain level11'0'' x 9'0''
Living roomMain level19'10'' x 15'4''
3pc BathroomMain level5'10'' x 6'0''
BedroomMain level11'0'' x 7'3''
BedroomMain level8'5'' x 10'6''
BedroomMain level8'4'' x 13'5''
Primary BedroomMain level7'8'' x 19'6''

Listing Information

MLS®
10387481
Listed
May 14, 2026
Time on market
On the market for 110 days
Data last synced
August 28, 2026

Listing provided by: Parker Real Estate · Data source: CREA DDF.

Description

This exceptional property presents a unique opportunity to have the ultimate Okanagan retreat on the shores of Okanagan Lake just minutes from Summerland and Peachland. Set on a rare 0.90-acre parcel with approximately 150 feet of private lake frontage, the property features a charming 4 bedroom, 1 bathroom cabin positioned right at the water’s edge, along with a legal private wharf/dock and boat launch—allowing you to enjoy the lake lifestyle immediately. A detached two-car garage adds valuable storage and flexibility for recreational equipment and lake essentials. There's an abundance are parking available and the gently sloping landscape offers both a level waterfront area and an elevated upper bench, creating an ideal site for a future luxury residence with panoramic lake and mountain views. Bonus! The zoning bylaw allows for an accessory building on the property and the rural location sets this property outside the vacancy and speculation tax area! (id:63159)

Values & Trends

This listing

$2,408/sqft

Building average

No other active listings in this building

Summerland Rural average

$698/sqft

27 active listing(s)

Parking: 7 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

16°C

Humidity 59%

Wind W 8 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.

Nearby Schools

SchoolTypeDistance
Summerland SecondaryK-127.6 km
Summerland Montessori School(Independent)Elementary8.2 km
Unisus Senior School(Independent)Secondary10.2 km
Unisus Junior School(Independent)Elementary10.2 km
Naramata ElementaryElementary11.4 km
Trout Creek ElementaryElementary12.3 km
Peachland ElementaryElementary13.0 km
Our Lady of Lourdes(Independent)Elementary/Middle18.4 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.

School district: Okanagan-Skaha (SD67)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($445,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,780,000.00
Periodic payment — Principal & Interest (monthly)$11,483.96
Additional monthly expenses (strata, tax, utilities, etc.)$446.52
Total monthly cost$11,930.47
Interest paid over 5-yr term$510,153.12
Balance at end of term$1,601,115.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$445,000
Stress test qualifying rate8.09%
Payment you must qualify for$13,687.58

Cash Needed at Closing

Minimum down payment$445,000
Estimated BC PTT$44,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$491,250

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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