506 North Beach Road Unit# 16
Summerland, BC V0H1Z6
$949,000
Property Details
Property & Lot
- Sub-type
- Other
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Annual property tax
- $3,784.96
Interior
- Fireplace
- None
Exterior & Lot
- View
- Lake view, Mountain view
Restrictions & Policies
- Pets
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Listing Information
- MLS®
- 10396599
- Listed
- July 31, 2026
- Time on market
- On the market for 31 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Locations West · Data source: CREA DDF.
Description
Rare opportunity to own a spectacular lakefront property on beautiful Okanagan Lake in the exclusive, private gated community of North Beach Estates. Offered as a share sale and featuring nearly 100 feet of pristine lakeshore, this exceptional property presents endless possibilities to build and create your dream waterfront retreat. The mature landscape includes established pear, apricot, and walnut trees, adding natural beauty and charm to the setting. A mobile home is currently situated on the property and must be decommissioned or removed. The property also benefits from a newer septic system, RV parking, and a convenient RV dump station. Located on a quiet no-through road, North Beach Estates offers a peaceful waterfront lifestyle with privacy and tranquility while remaining close to local amenities. Please note the sale is contingent upon the First Right of Refusal. This property is exempt from the Speculation and Vacancy Tax, making it an exceptional opportunity to secure your own piece of Okanagan lakefront. (id:63159)
Values & Trends
This listing
—
Building average
$1,026/sqft
1 active listing(s)
Summerland Rural average
$1,026/sqft
1 active listing(s)
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.
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: 7.4% ($69,900) — 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.