A private gated lakefront community at 506 North Beach Road on Okanagan Lake; a lakefront lot ($949,000) and a 1965 house ($1,699,000) are offered as share sales per MLS® listings.
North Beach Estates is described in MLS® listings as an exclusive, private gated community with no through road on Okanagan Lake. Both active offerings are share sales: a lakefront lot with nearly 100 feet of shoreline and mature pear, apricot and walnut trees ($949,000), and a 1965 three-bedroom house of about 1,753 sq ft ($1,699,000). Share sale is a different ownership structure from fee-simple or standard strata.
Ownership is by shares. Get a lawyer to explain what you own, what you can build and how transfers work.
North Beach suits buyers who prioritise lake frontage and privacy.
Lenders and insurers can treat share-sale properties differently. Ask early.
Review bylaws, minutes, depreciation report, reserve fund and any planned special levies before you write an offer.
Review the company bylaws, share transfer rules, build restrictions and costs with a lawyer.
Check lender and insurer requirements before waiving conditions.
Strata or pad fees, property tax, insurance and any levies — confirm exactly what the monthly charge covers.
Pat can compare North Beach Estates against other South Okanagan lakefront properties and flag construction or maintenance concerns before you commit.
As of 2024, deferring a depreciation report by vote is no longer allowed — South Okanagan strata corporations have until July 1, 2027 to be compliant. See the full guide →
2 currently active — $949,000 – $1,699,000
Figures from MLS® active listings exported October 9, 2026. Facts marked “per MLS® listing” come from listing remarks and fields and may differ by unit — verify strata fees, rules and building details in the strata documents. Pat can pull recent sold comparables for any unit you are considering.
You buy shares that carry the right to occupy a property, not the title itself. Get legal advice.
The listing says it offers possibilities to build. Confirm rules and approvals.
Pat can help you understand the structure and flag property-specific issues at North Beach Estates.
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