12600 Blagborne Avenue

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:58842)

Property Information

Property Type
Commercial
SqUARE FOOTAGE
1648
 sqft
Structure Type
Other
LAND SIZE
6.53 acres
Roof Type
Asphalt shingle
Lot
Private setting
SEWER Type
Municipal sewage system
Parking Spots
6
stories
Floor Type

More Information

Security
Controlled entry
View
Parking
Detached Garage
Exterior
Other
Community
Common inTEREST
Freehold
Listing Key
28178316
MLS ID
10343928
listing Office
listing Office key
284982
0
Beds
0
Baths
$
3300000

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