Fantastic opportunity to own a great development or holding property in the heart of downtown Summerland with development permit approved for 4, 1500 approx sqft townhouses and one 700 approx sqft commercial space.

Currently occupied as a single family home rented for $2,750/mth to great tenants. The 50 ft by 120 ft lot provides plenty of room to take advantage of the flexible zoning with 100% lot coverage allowed and up to 4 stories or 15 meters in height.

Located across the street to the Aquatic Centre and steps to downtown, great location to provide highly sought after affordable rental units, or affordable strata units for sale. Can be assigned with approval of the district. Seller would look at taking trades as partial payment.