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 November 23, 2024 at 08:15 AM (UTC)
Area Statistics
Listings on market:
69
Avg list price:
$1,200,000
Min list price:
$164,900
Max list price:
$2,855,000
Avg days on market:
92
Min days on market:
2
Max days on market:
495
Avg price per sq.ft.:
$390.62
These statistics are generated based on the current listing's property type
and located in
Main Town. Average values are
derived using median calculations.
