Summerland · V0H1Z0
$1,993/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Court-Ordered Sale – Prime Development Opportunity in Central Summerland. Exceptional development property ideally located in the heart of Summerland. The existing home sits across two 25’ x 120’ lots, offering outstanding potential under the highly attractive CB1 zoning, which permits up to 100% lot coverage. The development possibilities here are extensive — build two individual commercial buildings or explore a mixed-use commercial/residential project. Permitted uses under the current zoning include financial institutions, health services, retail, professional offices, restaurants, craft brewery, and apartment units. The existing building on the property requires TLC, however it could provide some holding income as a commercial property while you plan and design your redevelopment. This is a court-ordered sale. All offers must be accompanied by Schedule A, to be provided by the listing agent.
1930
Year built
Other
Type
Main Town
Area
Listed
February 20, 2026
Nearby & Commute
5 min
walk to Nesters Market
19 min
bike to Prairie Valley Station
1h 4m
walk to Prairie Valley Station
10h 2m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 40%
| Detached | 56 | 40.3% |
| Condo / Apartment | 23 | 16.5% |
| Land | 22 | 15.8% |
| Townhouse | 14 | 10.1% |
| Duplex | 10 | 7.2% |
| Other | 14 | 10.1% |
| Under $5,000 | 5 | 1.8% |
| $10,000 to $14,999 | 5 | 1.8% |
| $15,000 to $19,999 | 10 | 3.5% |
| $20,000 to $24,999 | 50 | 17.5% |
| $25,000 to $29,999 | 15 | 5.3% |
| $30,000 to $34,999 | 20 | 7.0% |
| $35,000 to $39,999 | 20 | 7.0% |
| $40,000 to $44,999 | 15 | 5.3% |
| $45,000 to $49,999 | 10 | 3.5% |
| $50,000 to $59,999 | 15 | 5.3% |
| $60,000 to $69,999 | 20 | 7.0% |
| $70,000 to $79,999 | 20 | 7.0% |
| $80,000 to $89,999 | 20 | 7.0% |
| $90,000 to $99,999 | 10 | 3.5% |
| $100,000 to $124,999 | 25 | 8.8% |
| $125,000 to $149,999 | 15 | 5.3% |
| $150,000 to $199,999 | 5 | 1.8% |
| $200,000 and over | 5 | 1.8% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$1,993
Principal and interest
Calculated estimate
$1,735
Property tax
Calculated estimate
$108/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$375,000
Down payment
Calculated estimate
$75,000 (20%)
Estimated mortgage
Calculated estimate
$300,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$1,993
/mo
Rate
%
Amortization
Principal and interest
$1,735
Property tax (est.)
$108
P&I
Tax
Down payment
$75,000 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $75,000 down (20%) on $375,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
At 4.3996 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
