- Active
4221 Princeton-Summerland Road
Princeton · Single Family
- Beds
- 1
- Baths
- 1
- Sqft
- 1,890
- Built
- 1989
Listed by LandQuest Realty Corp. (Interior) · MLS® 10395791
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Sign inAbout this home
Escape to the peaceful lakeside community of Bankeir, nestled between Princeton and Summerland in the beautiful South Okanagan–Similkameen region. Surrounded by pristine forests, mountain scenery and a chain of crystal-clear lakes, this is a place where families have been creating lasting memories for generations. Despite its peaceful setting, Bankeir is a welcoming year-round community with approximately 40 full-time families. School bus service is available to Princeton, making the area suitable for both permanent residents and those seeking a recreational retreat. Lovingly designed by the same family over 40 years ago, this log home reflects exceptional craftsmanship and thoughtful planning throughout. While it has primarily served as a cherished family getaway, it was engineered for comfortable year-round living, with practical features that keep operating costs reasonable while standing up to both the hottest summers and coldest winters. Meticulously maintained since construction, the home is now ready for a new family to enjoy for generations to come. Offering approximately 2,900 square feet over three levels, the home features three bedrooms, two-and-a-half bathrooms, and a full basement housing the mechanical systems along with extensive unfinished storage for recreational equipment and seasonal gear. Warm wood interiors, generous living spaces and classic log construction create a timeless mountain-lake atmosphere that is both inviting and functional.
Home facts
- Bedrooms
- 1
- Bathrooms
- 1 full
- Interior
- 1,890 sq ft
- Year built
- 1989
- Storeys
- 2.5
- Parking
- 11
- Property type
- Single Family
- Basement
- Full
- Area
- Princeton Rural
- Listed
- July 24, 2026
- Structure
- House
- Frontage
- 165 feet
- PID
- 001-935-399
- Common interest
- Freehold
Highlights
- Mountain view
Features and inclusions
- Appliances
- Refrigerator, Water softener, Range - Electric, Microwave, Freezer, Hood Fan, Washer/Dryer Stack-Up, Water Heater - Electric
- Heating
- Baseboard heaters, Stove, Electric, Wood
- Flooring
- Mixed Flooring
- Roof
- Metal, Unknown
- Lot
- Private setting, Treed
- Community
- Family Oriented, Rural Setting, Pets Allowed, Rentals Allowed
Rooms and building
- Sewer
- Septic tank
- Water
- Private UtilityWell
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
- $6,631
- Property tax
- $408/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $7,189
Purchase snapshot
- List price
- $1,399,000
- Down payment
- $279,800 (20%)
- Estimated mortgage
- $1,119,200
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
- $8,502
- 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
- $858 a month
- Gross yield
- 0.7%
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
Land · 40%
Who lives here
Documents
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Availability is not guaranteed. Review documents with a professional.