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Primary Property View
Featured Imagery
Tertiary Property View
Exceptional Property

150 Sumac Ridge Drive, Summerland

$1,150,000
2 + 2 Bedrooms
3 Bathrooms
2451 sqft

Property Highlights

Distinctive Features That Set This Property Apart

Property Type

Single Family

Style

House

Year Built

1988

Square Footage

2451 square feet

Bedrooms

2 + 2 Bedrooms

Bathrooms

3 Bathrooms

Distinguished Features

Property Overview

A Closer Look at This Distinguished Residence

Situated on a quiet no-thru cul-de-sac, this beautifully updated 4 bedroom, 2 bathroom rancher with finished basement offers sweeping lake views, privacy, and refined comfort. The level driveway provides easy access and ample parking. Inside, expansive new windows fill the home with natural light. A brand-new kitchen, upgraded window coverings, ext...

MLS Number

10360523

Listed By

Royal LePage Parkside Rlty Sml

Last Updated

Aug 29, 2025, 7:05 p.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.
Agent's Insight

Property Specifications

Comprehensive Details of This Fine Residence

Property Specifications

Property Type
Single Family
Architectural Style
House
Year Built
1988
Square Footage
2451
Zoning
Unknown

Climate Control & Utilities

Heating System
Forced air
Air Conditioning
Central air conditioning

Exterior & Surroundings

View Type
Lake view
Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

Property Timeline

Historical transactions and listing information

Property image
42
New
MLS# 10360523
List Date
Aug 26, 2025, 6:30 p.m.
List Price
$1,150,000
Property Type
Sale
Bedrooms
2
Bathrooms
3

Financial Planning

Tools to Help You Plan Your Investment

Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

$
300,000
$
20%
% p.a.

Monthly Payment

$0
Per Month
Mortgage Details
Loan Amount
$240,000
Total Interest
$0
Total Payments
$0
Loan-to-Value Ratio
80%
Total Number of Payments
360
Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Total Income
$4,300/monthly
2 income sources
Total Expenses
$2,530/monthly
3 expense items
Net Cash Flow
$1,770/monthly
Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.

Income Sources

Rental Income
monthly
$3,500
Investment Returns
monthly
$800
Add New Income
$

Expense Items

Mortgage
monthly
$1,800
Property Tax
monthly
$450
Property Management
monthly
$280
Add New Expense
$
This calculator provides an estimate only. Actual investment returns may vary based on market conditions and unforeseen expenses.

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