Looking to buy a lakefront home or waterfront real estate in the beautiful Okanagan Valley, British Columbia? This guide shows you the 6 best places to own lakefront property in the Okanagan, including Kelowna, Vernon, Lake Country, Summerland, Peachland, and Penticton, British Columbia.

Most of the communities featured in this guide do not charge the BC Speculation Tax, which means you won’t have to pay an additional 0.5 to 2 percent tax if you’re buying property in British Columbia as a vacation home or summer lake house.

Lakefront Property for Sale BC | Okanagan Waterfront Real Estate

1. Naramata, British Columbia

Naramata is a quiet and serene lakeside community on the southeast side of Okanagan Lake near Penticton. Known for rolling vineyards, fruit orchards, and stunning lakefront real estate, Naramata is one of the best places anywhere in British Columbia to own your own vacation home or summer cottage. Naramata provides beautiful lake views whether you’re out cycling the low-traffic streets or kayaking along the waterfront to landmarks like Manitou Park or Three Mile Beach. With just over 1,000 residents, there aren’t many homes for sale in Naramata, so interested buyers should act quickly when new listings come available.

 

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2. Peachland, British Columbia

Peachland, British Columbia is a Central Okanagan community with over 5,600 residents south of West Kelowna along the west side of Okanagan Lake. With great summer weather, waterfront properties, and orchards brimming with local fruit, Peachland has always been a popular summer vacation destination. Properties for sale in Peachland include single Okanagan Lake waterfront homes along Beach Ave, Buchanan Rd, and Robinson Pl to spacious ranchers, farms, and vineyards higher up on the plateau.

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3. Summerland, British Columbia

Summerland, British Columbia is a community of over 11,000 in the South Okanagan-Similkameen Regional District. Located on the southwest side of Okanagan Lake between Kelowna and Penticton, Summerland is known for great year-round weather, beaches, golf courses, fantastic wineries, and gorgeous Okanagan Lake real estate. Summerland is a 4.5 hour drive from Vancouver or the Fraser Valley. Single family homes in Summerland (3 bed, 2 bath) start around $500,000.

 

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4. Lake Country, British Columbia

Lake Country BC is a Central Okanagan community with 15,000 residents on the east side of the Lake Okanagan between Kelowna and Vernon. Lake Country includes the Central Okanagan Regional District communities of Okanagan Centre, Winfield, Oyama, and Carr’s Landing, and private communities like Lakestone with Okanagan lakefront property for sale.

Okanagan Waterfront real estate listings in Lake Country start around $3 million and are exempt from the BC speculation tax.

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5. Westside Road

Westside Road is a long stretch of windy road that runs along the west side of Lake Okanagan between Kelowna and Vernon, BC with bits of Okanagan waterfront for sale along the road. Starting around the north side of Bear Creek Park, most homes on Westside Road are outside of the West Kelowna city limits and are exempt from the British Columbia speculation tax.

Some of the best places to own lakefront property on Westside Road are the remote lakeside communities of Wilson Landing, Fintry, Nahun and Killiney Beach.

 

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6. McKinley Landing, Kelowna BC | Lake View Lots for Sale Okanagan, BC

McKinley Landing is a gorgeous lakeside community with private waterfront homes for sale north of Knox Mountain. This semi-rural community just 20 minutes from Kelowna, BC is known for its secluded beachfront and lake view homes on both public streets and private gated communities like the exclusive Shayler Court.

Since McKinley Landing is part of Kelowna, British Columbia, homes here are liable to pay the BC speculation tax; however there are a few ways to avoid the speculation tax. For example, you can rent out a carriage house, hire a live-in caretaker, or rent the property as a vacation home while you’re not there.

 

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2022 Featured Lakefront Listing

6950 Lakeshore Road, Kelowna, British Columbia: $15.6M

5 Beds| 12 Baths | 12,679 Sq ft | 3.3 Acres

Carved into the rocky hillside of Kelowna’s Okanagan Mountain sits Lakeside Luxe, a 12,700 square foot engineering marvel.

Lakeside Luxe comes complete with 5 bedrooms, 12 bathrooms, an elevator, pool, theatre room, beach house, and stunning Japanese-inspired hidden garden.

Named Home of the Year in 2019, and taking home three Okanagan Housing Awards of Excellence, Lakeside Luxe is equal parts art and home.

Whether you’re entertaining guests or simply want a quiet space to revel in the natural beauty of the Okanagan, Lakeside Luxe offers unparalleled views, luxury living, and architectural excellence worthy of a standing ovation.

Take a video tour with AJ

 

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Okanagan, British Columbia Real Estate Professionals

Personal real estate on Okanagan Lake, British Columbia

 

Let’s find your dream lakefront property for sale BC.  For a tailored list of Okanagan waterfront properties that suit you perfectly, contact Vantage West Realty. +1-250-864-6433

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