MLS® 1036701511401 Victoria Road S, Summerland, British Columbia$799000
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DEVELOPER / INVESTOR opportunity in the heart of Summerland. This 1.253-acre RU2 zoned property offers excellent subdivision and densification potential. A subdivision (with 30 m panhandle) allows up to 4 units on the new lot, and once subdivided, the original lot can be retained as a holding property with the existing home or developed with up to 4 additional units. The main home offers 2 bedrooms plus loft, 1 bathroom (permit for a second), and a self-contained basement suite with 2 dens, 1 bathroom, and separate laundry. The upper unit is under construction and will need minor items to get it rented. Both units are vacant, with projected rental income of $3,200 + per month combined - ideal for generating income while subdividing. The home also has newer A/C and furnace, new windows and siding, oversized deck, outdoor kitchen, shower stall, and hot tub. The sloped lot provides a half acre of buildable area, backing onto Giants Head Mountain with stunning valley and mountain views. Conveniently within walking distance to schools, parks, downtown, and amenities, just 5 minutes to Hwy 97, beaches, golf courses, and wineries, 15 minutes to Penticton, 1 hr to Kelowna. Fully serviced with municipal utilities, including completed environmental, hazard, geotechnical reports, and survey. Offered at development value, a rare opportunity to secure a prime property with strong holding income and exceptional potential in one of the South Okanagan’s most sought-after communities. (id:44056)
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Property Details
Full Address:
11401 Victoria Road S, Summerland, British Columbia
Price:
$ 799,000
MLS Number:
10367015
List Date:
October 31st, 2025
Lot Size:
1.25 ac
Taxes:
$ 3,033
Interior Features
Building Features
Sewer:
Municipal sewage system
Water:
Municipal water
Ownership Type:
Freehold
Taxes:
$ 3,033
Floors
Land
View:
Mountain view
Lot Size:
1.25 ac
Current Use:
Development residential
Road Type:
Gravel road
Neighbourhood Features
Ratings
Commercial Info
Neighbourhood Details
Location
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