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:51018)
| 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
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