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$ 3,300,000
Est. payment /mo
Active
12600 Blagborne Avenue Summerland, BC V0H1Z8
1,648 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,648 sqft
Price per Sqft $2,002
Subdivision Main Town
MLS® Listing ID 10343928
Originating Board Association of Interior REALTORS®
Year Built 1910
Lot Size 6.530 Acres
Acres 284446.8
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 0.0
Interior
Heating See remarks
Cooling Central air conditioning
Exterior
Parking Features Yes
Garage Spaces 3.0
Garage Description 3
Fence Chain link
View Y/N No
Roof Type Unknown
Total Parking Spaces 6
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://www.dropbox.com/scl/fi/ced7ecxxtf6dvwwhuqm1f/Blagborne-Movie.mov?rlkey=9
Listed by Stilhavn Real Estate Services
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