Court-Ordered Sale – Prime Development Opportunity in Central Summerland. Exceptional development property ideally located in the heart of Summerland. The existing home sits across two 25’ x 120’ lots, offering outstanding potential under the highly attractive CB1 zoning, which permits up to 100% lot coverage. The development possibilities here are extensive — build two individual commercial buildings or explore a mixed-use commercial/residential project. Permitted uses under the current zoning include financial institutions, health services, retail, professional offices, restaurants, craft brewery, and apartment units. The existing building on the property requires TLC, however it could provide some holding income as a commercial property while you plan and design your redevelopment. This is a court-ordered sale. All offers must be accompanied by Schedule A, to be provided by the listing agent. (id:47421)
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Detailed Information
Amenities Nearby
Recreation, Schools, Shopping
Listing Contract Date
2026-02-20
Municipal ID
005-931-657
# of Parking Spaces
1
Property Type
Other
Transaction Type
For sale
Building
Constructed Date
1930
Exterior Finish
Stucco
Heating Type
Forced air, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Type
Residential Commercial Mix
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Additional Parking
Other
Land
Total Size
0.14 acres
Access Type
Easy access
Amenities
Recreation, Schools, Shopping
Current Use
Mixed use
Landscape Features
Landscaped
Sewer
Municipal sewage system
Size of Irregular Land
0.14
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