506 North Beach Road Unit# 1
Summerland, BC V0H1Z6
$1,799,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Annual property tax
- $4,140.8
Interior
- Basement
- Cellar
- Heating
- Heat Pump, Electric
- Cooling / A/C
- Heat Pump
- Fireplace
- Yes (1)
- Fireplace type
- Insert
- Flooring
- Tile, Hardwood
Exterior & Lot
- Exterior features
- Wood siding
- View
- Lake view, Mountain view
Building
- Roof
- Asphalt shingle, Other, Unknown
Parking
- Total spaces
- 1 — covered indicated
- Features
- Attached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 2'10'' x 2'8'' |
| Storage | Basement | 7'2'' x 12'2'' |
| 4pc Bathroom | Basement | 9'11'' x 10'9'' |
| Recreation room | Basement | 14'7'' x 18'8'' |
| Primary Bedroom | Basement | 13'3'' x 10'9'' |
| Bedroom | Basement | 12'4'' x 10'8'' |
| Storage | Main level | 5'8'' x 12' |
| Bedroom | Main level | 10'8'' x 11'4'' |
| 3pc Bathroom | Main level | 7' x 5'3'' |
| Living room | Main level | 20'3'' x 11'8'' |
| Dining room | Main level | 10'1'' x 11'5'' |
| Kitchen | Main level | 13'1'' x 11'5'' |
Listing Information
- MLS®
- 10392020
- Listed
- June 18, 2026
- Time on market
- On the market for 74 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Locations West · Data source: CREA DDF.
Description
Rare opportunity to own a share in the highly sought-after North Beach Estates on the shores of Okanagan Lake. This lakefront paradise offers breathtaking waterfront views in a private gated community with no through road, creating the perfect retreat for those seeking peace, privacy, and an exceptional lakeside lifestyle. The home features a modern open-concept kitchen, dining, and living area, highlighted by large glass sliding doors that open onto a wraparound lakefront patio, seamlessly blending indoor and outdoor living. With 3 bedrooms and 2 full bathrooms, this rancher with a walkout basement provides comfortable space for family and guests, while the covered lower deck offers an additional area to relax and enjoy the stunning surroundings. Positioned with only one neighbour to the south and parkland to the north, the property enjoys a rare sense of seclusion. The front and side yards lead to your private dock complete with boat lift, making it easy to take full advantage of life on the lake. Numerous upgrades have been completed, including stainless steel appliances, upgraded electrical, and a new roof in 2012. A gated driveway and attached garage provide secure storage for vehicles, boats, and recreational gear. Ideally located in a rural setting with convenient access to both Summerland and Peachland, this unique waterfront offering is contingent upon the Right of First Refusal. Best of all, there is no Speculation and Vacancy Tax. (id:63159)
Values & Trends
This listing
$1,026/sqft
Building average
—
No other active listings in this building
Summerland Rural average
—
No comparable active listings
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
| School | Type | Distance |
|---|---|---|
| Summerland Secondary | K-12 | 7.9 km |
| Summerland Montessori School(Independent) | Elementary | 8.4 km |
| Unisus Senior School(Independent) | Secondary | 10.4 km |
| Unisus Junior School(Independent) | Elementary | 10.4 km |
| Naramata Elementary | Elementary | 11.7 km |
| Trout Creek Elementary | Elementary | 12.6 km |
| Peachland Elementary | Elementary | 12.8 km |
| Our Lady of Lourdes(Independent) | Elementary/Middle | 18.3 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)
Other Listings in This Building
Other units currently listed in the same building. 506 North Beach Road
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($359,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.