12600 Blagborne Avenue, No City Value

About the home

SUMMERLAND. Developers or investors! 6.5 acres of residential RU2 zoned land in the heart of Summerland. Plan for 32 lots proposed to municipality under existing zoning. RU2 allows up to 4 dwellings/lot with 40% lot coverage and 11m/3story height per lot suggesting 138 "doors" with no rezoning. Townhouse type development? 4 minute drive or 16 minute walk to downtown. Sewer, water and views available. Includes 2 bed house plus 1 bed secondary dwelling, workshop, 3 car garage and pool. Develop or hold. Sharp price for raw development land. Infrastructure and soft costs estimated at $115k/lot 2 years ago. Avg selling price est at $350k/lot today. Not in ALR. No access without appointment - bad dogs on site. Buyer to independently verify all info/figures if important.