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 home requires TLC, however it could provide holding income as a rental 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:2493)
Data was last updated February 23, 2026 at 08:15 PM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$827,250
Min list price:
$359,000
Max list price:
$2,950,000
Avg days on market:
49
Min days on market:
2
Max days on market:
349
Avg price per sq.ft.:
$374.33
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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