Property Type: Detached HouseOwnership: Freehold

6178 Lipsett Avenue

Peachland, BC V0H1X7

$899,999

4 bed2 bath6 parking2,054 sqftBuilt 1973
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.42 acres
Frontage
90 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,506

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Hardwood, Other

Exterior & Lot

Exterior features
Other
View
City view, Lake view, Mountain view

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
6 — covered indicated
Features
Carport

Room Dimensions

RoomLevelDimensions
Utility roomBasement3'6'' x 5'6''
BedroomBasement11'1'' x 12'6''
BedroomBasement12'5'' x 12'6''
3pc BathroomBasement8'11'' x 9'6''
OtherBasement9'3'' x 12'5''
Family roomBasement12'3'' x 18'0''
BedroomMain level9'6'' x 13'2''
Primary BedroomMain level11'2'' x 12'8''
5pc BathroomMain level7'8'' x 12'8''
KitchenMain level13'0'' x 9'9''
Dining roomMain level9'11'' x 13'0''
Living roomMain level13'0'' x 18'5''

Listing Information

MLS®
10392895
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

Arguably one of the best renovated homes with the best lake views under $900,000 in Peachland. This stunning 4-bedroom, 2-bathroom home offers over 2,050 sq. ft. of beautifully finished living space and has been fully renovated from the studs up, combining quality craftsmanship with breathtaking 180° panoramic views of Okanagan Lake and the surrounding mountains. Designed to maximize the incredible views, the bright open-concept main floor features a wall of windows, an expansive entertaining deck, and a showpiece kitchen with a granite waterfall island, stainless steel appliances, soft-close cabinetry, and exceptional storage. The spa-inspired main bathroom offers a luxurious soaker tub, while the walkout lower level includes a spacious family room with a striking granite feature wall, two additional bedrooms, a full bathroom, laundry, and excellent suite potential for extended family or a mortgage helper. Set on a rare 0.42-acre lot, this property offers something seldom found at this price point—plenty of room to build a large detached shop, with additional potential for a garage or carriage house (buyer to verify with the City). Whether you need space for RVs, boats, hobbies, or future expansion, this oversized property offers endless possibilities. Just minutes from downtown Peachland, this home delivers an exceptional combination of premium renovations, panoramic lake views, suite potential, and an oversized lot with room to grow. (id:63159)

Values & Trends

This listing

$438/sqft

Building average

No other active listings in this building

Peachland average

$509/sqft

66 active listing(s)

Parking: 6 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

Nearest station: Summerland

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

5,789

(2021 Census)

+6.7% since 2016

Density: 359.6/km²

Dwellings: 2,936

Median household income: $81,000

After-tax: $72,500

Immigrant population: 15.8%

Top countries of origin (% of total population)

  • United Kingdom5.7% · 330
  • Germany2.3% · 135
  • United States of America1.6% · 90
  • Netherlands0.8% · 45
  • Korea, South0.3% · 20
  • Viet Nam0.3% · 20
  • Italy0.3% · 15
  • China0.3% · 15

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
Peachland ElementaryElementary3.9 km
Glenrosa Middle SchoolMiddle10.7 km
Webber Road ElementaryElementary10.8 km
Helen Gorman ElementaryElementary11.2 km
Glenrosa ElementaryElementary11.3 km
Our Lady of Lourdes(Independent)Elementary/Middle11.5 km
Shannon Lake ElementaryElementary14.4 km
Sensisyusten House of Learning(Independent)Elementary14.4 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.

Nearby Places

Parks (1)

  • Unnamed499 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($65,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,999.00
Periodic payment — Principal & Interest (monthly)$4,645.19
Additional monthly expenses (strata, tax, utilities, etc.)$478.50
Total monthly cost$5,123.69
Interest paid over 5-yr term$206,353.78
Balance at end of term$647,641.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$65,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,420.85

Cash Needed at Closing

Minimum down payment$65,000
Estimated BC PTT$16,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,500

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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