




This 4-bedroom, 2-bathroom single family in Summerland offers 2,327 sqft of living area on a 7.29 ac lot. Built in 1972, 2 storeys. The property has lot dimensions of 7.29. The home features electric heating, heat pump, a fireplace.
LAKEVIEW VINEYARD! 7.29 acres featuring 6 acres of Pinot Noir grapes planted in 2024! Seize a rare investment opportunity with this extraordinary property offering the perfect blend of income potential, lifestyle, and future development. The vineyard is leased for the 2026 season to a local winery for full caretaking and grape sales, creating a truly hands-off income property. The existing home generates $2,500/month from a long-term tenant who would love to stay—providing immediate, stable cash flow. This flat, expansive parcel is ideally located just a short drive from town, offering both privacy and convenience. The property includes a well-maintained 4-bed, 2-bath home, along with a massive 26' x 82' four-bay garage and workshop. One bay features a cooling system, ideal for fruit storage. Advanced irrigation system & fertilizer injector are in place to support optimal vineyard production. With a generous building envelope, this property is perfect for those looking to build a custom dream home while enjoying breathtaking views over Okanagan Lake and southern city lights. Take in spectacular sunsets and enjoy a front-row seat to fireworks right from your backyard. Whether you're looking to develop, invest, or simply hold a low-maintenance, income-generating property until you're ready to build, this offering delivers exceptional flexibility and long-term potential. Don’t miss this rare opportunity contact us today to explore everything this unique property has to offer. (id:60351)
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Listed by Stephanie Erdt, RE/MAX Orchard Country
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Listing represented by Stephanie Erdt, RE/MAX Orchard Country · MLS# 10381121
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.