8738 PALMER Place
Summerland, BC V0H1Z2
$1,190,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 0.24 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,296.36
Interior
- Basement
- Full
- Heating
- Forced air, See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Gas, Unknown
Exterior & Lot
- Exterior features
- Other
- View
- Mountain view
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 4 — uncovered indicated
- Features
- Other, Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Lower level | 6'9'' x 11'2'' |
| Bedroom | Lower level | 9'8'' x 10'3'' |
| Utility room | Lower level | 3'5'' x 7'4'' |
| Full bathroom | Additional Accommodation | — |
| Bedroom | Additional Accommodation | 11'2'' x 12'6'' |
| Dining room | Additional Accommodation | 10'0'' x 13'3'' |
| Kitchen | Additional Accommodation | 3'1'' x 9'6'' |
| Bedroom | Additional Accommodation | 11'1'' x 11'2'' |
| Bedroom | Lower level | 11'7'' x 13'2'' |
| Bedroom | Lower level | 9'10'' x 10'11'' |
| Bedroom | Lower level | 9'11'' x 13'11'' |
| 5pc Bathroom | Lower level | — |
| Living room | Main level | 16'10'' x 20'0'' |
| Kitchen | Main level | 11'8'' x 20'0'' |
| Foyer | Main level | 7'11'' x 6'1'' |
| Primary Bedroom | Main level | 13'7'' x 15'11'' |
| 4pc Ensuite bath | Main level | — |
| 2pc Bathroom | Main level | — |
Listing Information
- MLS®
- 10383844
- Listed
- April 20, 2026
- Time on market
- On the market for 133 days
- Data last synced
- August 28, 2026
Listing provided by: Summerland Realty Ltd. · Data source: CREA DDF.
Description
Beautiful 9-year-old family home with a legal 2-bedroom suite, perfectly located in a quiet, desirable area of Summerland. This well-maintained 5-bedroom main home offers quality finishes throughout, including hardwood flooring, granite countertops, and a cozy gas fireplace in the open-concept living area. The spacious covered deck is perfect for year-round entertaining and enjoys stunning views of Giants Head Mountain. The additional 2-bedroom legal suite provides excellent mortgage-helping income or space for extended family. Just minutes from downtown, schools, recreation facilities, and surrounded by hiking and biking trails, this property offers the perfect blend of lifestyle, comfort, and investment potential. (id:63159)
Values & Trends
This listing
$380/sqft
Building average
—
No other active listings in this building
Main Town average
$478/sqft
33 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 |
|---|---|---|
| Unisus Senior School(Independent) | Secondary | 385 m |
| Unisus Junior School(Independent) | Elementary | 385 m |
| Summerland Montessori School(Independent) | Elementary | 1.7 km |
| Summerland Secondary | K-12 | 2.2 km |
| Trout Creek Elementary | Elementary | 3.9 km |
| Naramata Elementary | Elementary | 6.1 km |
| West Bench Elementary | Elementary | 9.6 km |
| Queens Park Elementary | Elementary | 11.0 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($94,000) — 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.