Property Type: Condo / ApartmentOwnership: Strata

Strata Lot 29 Princess Street Unit# 3A Lot# SL 29

Peachland, BC V0H1X7

$799,900

3 bed2 bath1 parking1,126 sqftBuilt 2027
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$293/mo
Annual property tax
$0

Interior

Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View of water

Parking

Total spaces
1 — covered indicated
Features
Attached Garage

Restrictions & Policies

Pets
Allowed, Restrictions apply, Allowed with restrictions
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Dining roomMain level' x '
4pc BathroomMain level
BedroomMain level' x '
BedroomMain level' x '
4pc Ensuite bathMain level
Primary BedroomMain level' x '
Living roomMain level' x '
KitchenMain level' x '

Listing Information

MLS®
10392755
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

Listing provided by: MLA Okanagan Realty · Data source: CREA DDF.

Description

Somerset Heights is Peachland's exclusive collection of Premium SIMGLE LEVEL LIVING homes. In the heart of the Okanagan lies Somerset Heights, where luxury intertwines with the essence of the region. The Flats offer one level living with stunning lake views. Expansive windows allow the home to be bathed in natural light and well-planned layouts plus soaring ceilings infuse each room with a feeling of spaciousness, while custom finishes add a touch of elegance and comfort to your experience. Luxury extends beyond the view with spacious walk-in closets featuring built-in organizers, heated flooring in the bathroom for added comfort during cooler months, and a fully tiled shower enclosure for a seamless and sleek appearance. Additional highlights include a single car attached garage for each home as well as a storage room. Whether entertaining guests or seeking quiet relaxation, expansive outdoor areas offer an idyllic setting, complemented by meticulously manicured landscapes. Price + GST www.liveatsomerset.com, estimated completion Spring 2027 (id:63159)

Values & Trends

This listing

$710/sqft

Building average

$814/sqft

1 active listing(s)

Peachland average

$645/sqft

4 active listing(s)

Parking: 1 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

2/9 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 ElementaryElementary2.9 km
Glenrosa Middle SchoolMiddle9.8 km
Webber Road ElementaryElementary9.9 km
Helen Gorman ElementaryElementary10.3 km
Glenrosa ElementaryElementary10.3 km
Our Lady of Lourdes(Independent)Elementary/Middle10.6 km
Shannon Lake ElementaryElementary13.5 km
Sensisyusten House of Learning(Independent)Elementary13.5 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

Restaurants (1)

  • Blind Angler · 5899 Beach Avenue698 m

Parks (1)

  • Pentowna Park540 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,920.00
Periodic payment — Principal & Interest (monthly)$4,128.55
Additional monthly expenses (strata, tax, utilities, etc.)$348.76
Total monthly cost$4,477.31
Interest paid over 5-yr term$183,402.91
Balance at end of term$575,610.11

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,728.10

Cash Needed at Closing

Minimum down payment$54,990
Estimated BC PTT$13,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,488

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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