Summerland · V0H1Z4
$6,294/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
Welcome to 5408 Clark Street, a ONE-OF-A-KIND LAKEVIEW PROPERTY IN DESIRABLE SUMMERLAND, offering exceptional lifestyle & income potential. Set on a peaceful 0.353-acre countryside lot, this 3212 sq.ft. rancher w/ full walkout basement features 6 bedrooms & 5 bathrooms w/sweeping lake views from the bright, open-concept main living areas. The spacious layout flows seamlessly to a wraparound deck, perfect for relaxing or entertaining while enjoying the tranquil setting just minutes from town & amenities. Previously operated as a successful 5-star rated ""Front Bench Bed & Breakfast"", the walkout lower level includes 3 fully furnished private 1-bedroom guest suites, each w/ its own bathroom, separate entrance & patio area. One suite functions as a 1-bedroom apartment w/ an efficiency kitchen & living room space, ideal for longer-term rental or extended family. A convenient elevator & lower level laundry simplifies service between levels, while the extra large workshop w/ garage door access offers excellent storage or hobby space. Hot water on demand & brand new stainless steel range & dishwasher add modern comfort to this versatile property. Whether you envision a operating a thriving guest retreat, multigenerational living, or your own private Okanagan getaway, this unique property offers endless possibilities. Experience the views, the tranquility, & the potential—schedule your private showing today & discover what makes this property so special!
6
Beds
3,212 ft²
Floor area
2008
Year built
Single Family
Type
Main Town
Area
Listed
March 12, 2026
Nearby & Commute
18 min
walk to IGA
27 min
bike to Prairie Valley Station
1h 30m
walk to Prairie Valley Station
10h 6m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 40%
| Detached | 48 | 40.3% |
| Condo / Apartment | 25 | 21.0% |
| Land | 14 | 11.8% |
| Townhouse | 13 | 10.9% |
| Duplex | 9 | 7.6% |
| Other | 10 | 8.4% |
| $20,000 to $24,999 | 5 | 2.3% |
| $25,000 to $29,999 | 5 | 2.3% |
| $30,000 to $34,999 | 10 | 4.5% |
| $35,000 to $39,999 | 5 | 2.3% |
| $40,000 to $44,999 | 10 | 4.5% |
| $45,000 to $49,999 | 5 | 2.3% |
| $50,000 to $59,999 | 20 | 9.1% |
| $60,000 to $69,999 | 5 | 2.3% |
| $70,000 to $79,999 | 5 | 2.3% |
| $80,000 to $89,999 | 25 | 11.4% |
| $90,000 to $99,999 | 15 | 6.8% |
| $100,000 to $124,999 | 35 | 15.9% |
| $125,000 to $149,999 | 20 | 9.1% |
| $150,000 to $199,999 | 25 | 11.4% |
| $200,000 and over | 30 | 13.6% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
Request the due-diligence package
Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$6,294
Principal and interest
Calculated estimate
$5,777
Property tax
Calculated estimate
$367/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,249,000
Down payment
Calculated estimate
$249,800 (20%)
Estimated mortgage
Calculated estimate
$999,200
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
$6,294
/mo
Rate
%
Amortization
Principal and interest
$5,777
Property tax (est.)
$367
P&I
Tax
Down payment
$249,800 (20%)
Get Pre-Approved
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 $249,800 down (20%) on $1,249,000, 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 4.7326 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.
