Discover a remarkable opportunity with this .14-acre lot located in the vibrant hub of Summerland, offering immense potential thanks to its CB1 zoning. This mixed-use lot allows for 100% lot coverage and the possibility of constructing up to SIX stories. The flexibility of the CB1 zoning opens the door to a range of development options, making it an ideal investment for your next project. The home is currently rented to a long term tenant and is cash flowing, making it the perfect holding property for your future development plans. This prime location is just a short distance from Summerland Middle School and High School, making it ideal for community-focused developments. Enjoy the convenience of being within walking distance to a variety of shops, restaurants, and wineries, as well as recreational activities such as Giants Head Mountain. Summerland is one of the most sought-after townships in the South Okanagan, call the listing rep to learn more about the endless opportunities this strategically located lot can provide. (id:2493)
Data was last updated January 2, 2025 at 02:15 PM (UTC)
Area Statistics
Listings on market:
61
Avg list price:
$999,900
Min list price:
$307,000
Max list price:
$2,855,000
Avg days on market:
112
Min days on market:
3
Max days on market:
535
Avg price per sq.ft.:
$386.51
These statistics are generated based on the current listing's property type
and located in
Main Town. Average values are
derived using median calculations.
