$3,300,000
Developers or investors! 6.5 acres of residential RU2 zoned land in the heart of Summerland. A preliminary design plan for 32 lots under existing zoning has been proposed to the municipality. Existing RU2 allows up to 4 dwellings per lot with up to 40% lot coverage and 11 m/3story height per lot, indicating potential for 128 dwellings with no rezoning. City water and sanitary sewer lines are right there. 4 minute drive or 16 minute walk to downtown. Views over Summerland and mountains. Gated property includes a well-maintained 2 bed house plus a one-bedroom secondary dwelling, big workshop, 3 car garage and swimming pool. Develop now or hold for the future. Priced very realistically for raw development land. Infrastructure and soft costs estimated at $115k/lot 2 years ago. Average selling price estimated at $350k/lot today. Not within ALR (Agricultural Land Reserve). Interior of house and buildings can only be shown on a second showing. 2024 property tax based on agricultural use, which is now discontinued. Summerland includes some municipal levies on annual municipal property tax notice. Do not access property without appointment - bad dogs live on site. Please leave 2 business days for acceptance. (id:59282)
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Property Details
MLS® Number 10343928 Property Type Other Neigbourhood Main Town AmenitiesNearBy Recreation, Schools, Shopping Features Private Setting ParkingSpaceTotal 6 -
Building
Constructed Date 1910 Cooling Type Central Air Conditioning Exterior Finish Other Fire Protection Controlled Entry Foundation Type See Remarks Heating Type See Remarks Roof Material Asphalt Shingle Roof Style Unknown Size Interior 1,648 Ft2 Type Other Utility Water Municipal Water Parking
Detached Garage 3 -
Land
Acreage Yes Fence Type Chain Link Land Amenities Recreation, Schools, Shopping Sewer Municipal Sewage System Size Irregular 6.53 Size Total 6.53 Ac|5 - 10 Acres Size Total Text 6.53 Ac|5 - 10 Acres Zoning Type Residential -
Utilities
Cable Available Electricity Available Natural Gas Available Telephone Available Sewer Available Water Available
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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April 24 2025 03:01:25
Okanagan-Mainline Real Estate Board
Stilhavn Real Estate Services
