- Active
3415-3421 Princeton Summerland Road
Princeton · Single Family
- Beds
- 5
- Baths
- 3
- Sqft
- 3,229
- Built
- 1949
Listed by FaithWilson Christies International Real Estate · MLS® 10376477
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Sign inAbout this home
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!
Home facts
- Bedrooms
- 5
- Bathrooms
- 3 full
- Interior
- 3,229 sq ft
- Year built
- 1949
- Storeys
- 2
- Property type
- Single Family
- Area
- Summerland Rural
- Style
- Cabin
- Listed
- June 19, 2026
- Structure
- House
- PID
- 010-391-576
- Common interest
- Freehold
Highlights
- Mountain view
- Waterfront
- Fireplace
Features and inclusions
- Heating
- Baseboard heaters, Stove, Wood
- Parking
- RV, Additional Parking
Rooms and building
- Sewer
- Septic tank
- Water
- Well
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
- $4,740
- Property tax
- $292/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,181
Purchase snapshot
- List price
- $1,000,000
- Down payment
- $200,000 (20%)
- Estimated mortgage
- $800,000
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
- $6,077
- At 6.0772 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
For investors
As a rental
- Estimated rent
- $1,485 a month
- Gross yield
- 1.8%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
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 · 40%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
