Princeton · V0X1W0
$5,067/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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Rare Waterfront Legacy Compound on Chain Lake 3415 - 3421 Princeton-Summerland Road, Bankeir, BC Discover the ultimate four-season retreat. Nestled in a historic BC recreation area between the Okanagan and Vancouver, this gorgeous, treed 1.01-acre legacy property boasts 308 feet of private, pristine beachfront on Chain Lake. An easy 4-hour drive from Vancouver, 1.15 hours from Summerland, and 25 minutes from Princeton, this turnkey oasis comes fully furnished with linens and kitchenware included—ready for immediate enjoyment. The Residences & Outbuildings The Main Log Cabin: Rich with cozy ambiance, the main home features an open floor plan with beamed ceilings, a main-floor primary bedroom, and priceless cedar-paneled walls sourced from the original owner’s sawmill. Cozy up by two efficient wood stoves, or enjoy the covered porch overlooking the water. Upstairs, two large bedrooms sleep six or more, complete with a custom Murphy bed and vintage accents. The Log Cabin Suite: A stunning studio suite featuring an indigenous stone fireplace, an exterior fireplace/sitting area with a built-in BBQ, and an ensuite boasting an original cast-iron bathtub. The Bunkie & Storage: A fantastic games room/teen hangout with a pull-out couch and historic memorabilia. This space holds incredible potential to be combined with the adjacent storage area into a third family cabin. The Acreage & Lifestyle Experience absolute privacy amidst natural forest and irrigated lawns where loons, eagles, deer, and moose roam. Positioned within an exclusive 6-property compound, you will enjoy the security of a shared caretaker and a reliable artesian well. Whether you choose to live here year-round on a maintained winter road and school bus route, or use it as an easy ""lock and leave"" summer escape, this property offers an unparalleled lakeside lifestyle. Explore!
5
Beds
3,229 ft²
Floor area
1949
Year built
Single Family
Type
Summerland Rural
Area
Listed
June 19, 2026
Nearby & Commute
10h 55m
walk to IGA
3h 14m
bike to Prairie Valley Station
10h 44m
walk to Prairie Valley Station
8h 23m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 45%
| Detached | 5 | 45.5% |
| Land | 3 | 27.3% |
| Other | 3 | 27.3% |
| $20,000 to $24,999 | 15 | 7.1% |
| $25,000 to $29,999 | 10 | 4.8% |
| $30,000 to $34,999 | 10 | 4.8% |
| $35,000 to $39,999 | 15 | 7.1% |
| $40,000 to $44,999 | 10 | 4.8% |
| $45,000 to $49,999 | 10 | 4.8% |
| $50,000 to $59,999 | 15 | 7.1% |
| $60,000 to $69,999 | 20 | 9.5% |
| $70,000 to $79,999 | 20 | 9.5% |
| $80,000 to $89,999 | 20 | 9.5% |
| $90,000 to $99,999 | 10 | 4.8% |
| $100,000 to $124,999 | 25 | 11.9% |
| $125,000 to $149,999 | 5 | 2.4% |
| $150,000 to $199,999 | 15 | 7.1% |
| $200,000 and over | 10 | 4.8% |
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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
$5,067
Principal and interest
Calculated estimate
$4,626
Property tax
Calculated estimate
$292/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,000,000
Down payment
Calculated estimate
$200,000 (20%)
Estimated mortgage
Calculated estimate
$800,000
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
$5,067
/mo
Rate
%
Amortization
Principal and interest
$4,626
Property tax (est.)
$292
P&I
Tax
Down payment
$200,000 (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 $200,000 down (20%) on $1,000,000, 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.
At 5.7981 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.
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.
