13014 97 Highway
Summerland, British Columbia
MLS® 10405445
$1,275,000
- Status
- Active
- Property type
- House
- MLS® number
- 10405445
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1955
Listing description
Prime development opportunity at 13014 Hwy 97, Summerland! This 0. 79 Acre highway-fronting parcel offers excellent visibility and is ideally located next to a thriving retail hub including IGA, Dairy Queen, Summerland Liquor, RBC Bank, Dollarama and more!
The property features an older but well-maintained home and detached workshop/garage in good condition, making it an excellent holding property while future development plans are finalized. Currently zoned RU2, the lot presents strong potential for multi-family housing development. Adding to its appeal, the OCP designation for this parcel is Gateway Commercial — the same designation as the neighbouring IGA — significantly increasing the likelihood of successful rezoning to a commercial classification such as CB1, CB2, or MX1.
This parcel is well-positioned for rezoning approval given its alignment with the municipality's future land-use vision and its proximity to existing commercial zoning. Whether pursuing multi-family residential construction under current zoning or exploring commercial redevelopment down the road, this is a rare opportunity to secure a strategic, income-producing property with multiple paths to maximize long-term value in growing Summerland!
Property summary
- MLS® number
- 10405445
- Property type
- Single Family
- Building type
- House
- Square footage
- 2,003 sq ft
- Title
- Freehold
- Land size
- 0.79 acres
- Built in
- 1955
- Annual property taxes
- $3,910.82
- Parking
- Covered
- Days on market
- 0 days
Features & details
- Heating
- Stove, Electric, Wood
- Flooring
- Mixed Flooring
- Appliances
- Washer, Refrigerator, Range - Electric, Dryer
- Exterior features
- Wood
- Architectural style
- Other
What would this home cost you?
Based on the $1,275,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Orchard Country, Summerland.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.