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11401 Victoria Road S, Summerland
2025-10-31
Quick Summary
- Location
- 11401 Victoria Road S, Summerland, British Columbia V0H1Z2
- Price
- $799,000
- Status:
- For Sale
- Property Type:
- Vacant Land
MLS®#10367015
Property Description
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:32467)
Property Features
Building
- Fireplace: No
- Building Type: Other
- Utility Water: Municipal water
Land
- Land Size: 1.25 ac|1 - 5 acres
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by RE/MAX Orchard Country
Listing information last updated on: 2025-11-26 19:00:19
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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