Summerland · V0H1Z0
$4,562/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Development Opportunity in One of Summerland's Most Desirable Lakeside Neighbourhoods! Exceptional 0.44-acre RU2-zoned property offering outstanding redevelopment potential in a quiet, established neighbourhood just minutes from Summerland's waterfront. The RU2 zoning permits Single Detached Housing, Duplex Housing, Multi-Unit Housing, subject to District of Summerland bylaws and approvals, making this an excellent opportunity for developers, builders, or investors. Ideally located within walking distance or a short drive to beautiful Okanagan Lake beaches, the Summerland Yacht Club, local restaurants, the tennis club, and other amenities, this property combines a highly desirable location with exciting future possibilities. The existing residence is a charming mid-century post-and-beam rancher offering one-level living with 2 bedrooms and 3 bathrooms. Whether you choose to renovate, hold as an investment, or redevelop, the property presents exceptional flexibility in a sought-after lakeside community. A rare opportunity to secure a large urban lot with favourable zoning and significant development potential in the heart of Summerland.
2
Beds
1,731 ft²
Floor area
1975
Year built
Single Family
Type
Lower Town
Area
Listed
August 7, 2026
Nearby & Commute
18 min
walk to IGA
29 min
bike to Prairie Valley Station
1h 36m
walk to Prairie Valley Station
10h 7m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 37%
| Detached | 43 | 36.8% |
| Condo / Apartment | 23 | 19.7% |
| Townhouse | 14 | 12.0% |
| Land | 13 | 11.1% |
| Duplex | 12 | 10.3% |
| Other | 12 | 10.3% |
| $25,000 to $29,999 | 10 | 4.0% |
| $30,000 to $34,999 | 5 | 2.0% |
| $35,000 to $39,999 | 15 | 6.0% |
| $40,000 to $44,999 | 5 | 2.0% |
| $45,000 to $49,999 | 10 | 4.0% |
| $50,000 to $59,999 | 25 | 10.0% |
| $60,000 to $69,999 | 10 | 4.0% |
| $70,000 to $79,999 | 25 | 10.0% |
| $80,000 to $89,999 | 15 | 6.0% |
| $90,000 to $99,999 | 25 | 10.0% |
| $100,000 to $124,999 | 35 | 14.0% |
| $125,000 to $149,999 | 25 | 10.0% |
| $150,000 to $199,999 | 30 | 12.0% |
| $200,000 and over | 15 | 6.0% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$4,562
Principal and interest
Calculated estimate
$4,154
Property tax
Calculated estimate
$258/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$898,000
Down payment
Calculated estimate
$179,600 (20%)
Estimated mortgage
Calculated estimate
$718,400
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$4,562
/mo
Rate
%
Amortization
Principal and interest
$4,154
Property tax (est.)
$258
P&I
Tax
Down payment
$179,600 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $179,600 down (20%) on $898,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
At 4.3996 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.
