When Peachland School finally closed for good in 2002, the School District turned the building over to the District of Peachland. Since then, not a lot has happened.  A study of possible reuse has been done, which concluded that the building is basically sound and that a new use should be found.  But so far, council has not acted on this recommendation.

Built in 1908, the school initially served grades 1–12.  That first year it was lit with candles and kerosene lamps, and the toilets were out back. In the mid 1930’s an athletic hall was built for basketball and all community activities.  Its regulation hardwood floor was the envy of neighboring communities.

In 1948 it became an Elementary school, and later a Primary school, then closed for good in 2002.

On Saturday, September 27, 2008 the Peachland Historical Society sponsored an open house at the old school and the response was overwhelming, with an estimated 500 people attending.  There was unanimous and enthusiastic support for preserving and using the school, according to the society.  Both candidates for mayor vowed to preserve and restore the school. Heritage BC wrote to Peachland Mayor Graham Reid and Council on October 7, urging that they not delay further in their decision about the fate of historic Peachland School, and recommending the Heritage Legacy Fund as a possible source of financial assistance.