Development Opportunity in One of Summerland's Most Desirable Lakeside Neighbourhoods! Exceptional 0.44-acre RU2-zoned property offering outstanding redevelopment potential in a quiet, established neighbourhood just minutes from Summerland's waterfront. The RU2 zoning permits Single Detached Housing, Duplex Housing, Multi-Unit Housing, subject to District of Summerland bylaws and approvals, making this an excellent opportunity for developers, builders, or investors. Ideally located within walking distance or a short drive to beautiful Okanagan Lake beaches, the Summerland Yacht Club, local restaurants, the tennis club, and other amenities, this property combines a highly desirable location with exciting future possibilities. The existing residence is a charming mid-century post-and-beam rancher offering one-level living with 2 bedrooms and 3 bathrooms. Whether you choose to renovate, hold as an investment, or redevelop, the property presents exceptional flexibility in a sought-after lakeside community. A rare opportunity to secure a large urban lot with favourable zoning and significant development potential in the heart of Summerland. (id:2493)
Data was last updated August 19, 2026 at 12:45 PM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$889,900
Min list price:
$164,900
Max list price:
$2,895,000
Avg days on market:
86
Min days on market:
12
Max days on market:
252
Avg price per sq.ft.:
$352.58
These statistics are generated based on the current listing's property type
and located in
Lower Town. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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