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 138 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. (id:36541)
MLS® Number | 10343928 |
Property Type | Other |
Neigbourhood | Main Town |
Amenities Near By | Recreation, Schools, Shopping |
Features | Private Setting |
Parking Space Total | 6 |
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 | 1648 Sqft |
Type | Other |
Utility Water | Municipal Water |
Detached Garage | 3 |
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 |
Cable | Available |
Electricity | Available |
Natural Gas | Available |
Telephone | Available |
Sewer | Available |
Water | Available |
https://www.realtor.ca/real-estate/28178316/12600-blagborne-avenue-summerland-main-town
Contact us for more information
(604) 398-7999
www.stilhavn.com
(604) 398-7999
www.stilhavn.com
(604) 398-7999
www.stilhavn.com