This home is a stunning Peachland bungalow with walkout basement & panoramic lake views! Discover the perfect blend of comfort and potential in this charming 3-bedroom, 2-bathroom rancher, nestled on a nearly 1/4 acre lot with breathtaking views of Okanagan Lake and Okanagan Mountain Park. Step inside to find an updated galley kitchen, a bright and airy dining & living area, primary bedroom and full bathroom as well as main floor laundry for added convenience. Professionally rebuilt in summer 2024, the large south-facing sun deck offers top-of-the-line vinyl decking with brand new off-set aluminum railings for years of water tight enjoyment. It is ideal for soaking up the sun-drenched Okanagan summers, while oversized windows throughout the home flood the space with natural light and frame the stunning lake views. The walkout lower level features a spacious family room with large windows, 2 bedrooms and another full bathroom, and indoor workshop, offering endless possibilities—including an easy suite conversion with its own separate entrance. Outside, the expansive terraced backyard offers limitless potential! Whether you dream of a pool, gardens, fruit trees, a play area, or even a coach house, this property provides the space and flexibility to make it your own. Located in the heart of Peachland, this home offers scenic tranquility while being just minutes from the waterfront, local wineries, and all the amenities of the Okanagan lifestyle.