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! (id:2493)
Data was last updated November 10, 2026 at 04:15 PM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$634,450
Min list price:
$212,500
Max list price:
$2,950,000
Avg days on market:
70
Min days on market:
1
Max days on market:
525
Avg price per sq.ft.:
$378.25
These statistics are generated based on the current listing's property type
and located in
Main Town. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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