697 Highway 97S, Summerland, BC
HM Commercial Group is pleased to present this opportunity for lakefront development land at Greata Ranch near Summerland, BC.
Offered for sale are three spectacular lakefront development parcels, totalling 46 acres and currently zoned for residential and commercial uses.
The parcels are located at 1E KM6 Highway 97 N (“North Estate” or “North Parcel”), 697 Highway 97 (“Village Centre” or “Center Parcel”), and Highway 97 (“South Estate” or “South Parcel”)
Collectively, the Property provides an opportunity to develop a residential masterplan community that could accommodate an estimated 412 dwellings, provide convenient access to Highway 97, as well as a unique waterfront setting with the potential for a new marina.
The Winery and Vineyards are not a part of this offering.
|Municipal Address||697 Highway 97S, Summerland, BC|
|Legal Description||North Estate – Lot 1 Plan KAP85707 District Lot 2537 Land District 41 Village Centre – Lot 1 Plan KAP83541 District Lot 2537 Land District 41 Except Plan KAP85241 South Estate – Lot 1 Plan KAP83875 District Lot 2537 Land District 41|
|PID||North Parcel 027-350-029 Center Parcel 027-045-145 South Parcel 027-111-873|
|Location||The Property is conveniently situated 12km north of Summerland BC. The District of Summerland is the second largest of the six municipalities within the RDOS. The Property is on the west side of Okanagan Lake and approximately equal distance from the two major cities of Kelowna and Penticton.|
Ideally situated along a major artery (BC Highway 97), the Property is linked throughout the Okanagan Valley with connections to other major routes providing access to the Vancouver Lower Mainland, the US, and Alberta.
It is also easily accessible by air through the Kelowna International Airport or the Penticton Regional Airport. The Kelowna International Airport provides 66 daily nonstop flights to eight of the largest North American gateway airports. The Penticton Regional Airport with daily nonstop flights to both, Vancouver and Calgary.
|Development Site Area||46.23 acres|
|Land Area||46.23 acres|
|Zoning||Parcel 1 - RS2 Parcel 2 – RM1, RM2, C3s, C5s, CAs Parcel 3 – RS2s|
E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.