- Active
#1 – 506 North Beach Road
Summerland · Single Family
- Beds
- 3
- Baths
- 2
- Sqft
- 1,753
- Built
- 1965
Listed by Royal LePage Locations West · MLS® 10392020
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Sign inAbout this home
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.
Home facts
- Bedrooms
- 3
- Bathrooms
- 2 full
- Interior
- 1,753 sq ft
- Year built
- 1965
- Storeys
- 2
- Parking
- 1
- Property type
- Single Family
- Basement
- Cellar
- Garage
- Yes
- Fireplace
- 1
- Area
- Summerland Rural
- Style
- Ranch
- Listed
- June 18, 2026
- Structure
- House
- PID
- 011-365-439
- Common interest
- Condo/Strata
Highlights
- Mountain view
- Waterfront
- Patio
Features and inclusions
- Appliances
- Refrigerator, Dishwasher, Oven, Microwave
- Heating
- Heat Pump, Electric
- Cooling
- Heat Pump
- Flooring
- Tile, Hardwood
- Roof
- Asphalt shingle, Other, Unknown
- Parking
- Attached Garage
- Lot
- Level lot, Balcony
- Community
- Rural Setting
Rooms and building
- Sewer
- Septic tank
- Water
- Lake/River Water Intake
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $8,053
- Property tax
- $492/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $8,695
Purchase snapshot
- List price
- $1,699,000
- Down payment
- $339,800 (20%)
- Estimated mortgage
- $1,359,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $8,041
- At 4.7326 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 42%
Who lives here
Documents
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