3339 Bothe Road new Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1W3M3
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,451 sqft
Price per Sqft $367
Subdivision Springfield/Spall
MLS Listing ID 10353132
Bedrooms 6
Year Built 1967
Lot Size 6,969 Sqft
Property Sub-Type Freehold
Property Description
Offering strong rental income and future redevelopment potential, this property is an excellent investment opportunity. The land is already zoned to accommodate up to 6 townhouses and is located on a quiet street close to all that the South Pandosy neighbourhood has to offer—shopping, restaurants, beaches, schools, H2O Centre, public transit, and much more. Higher floors will enjoy beautiful pastoral views in almost every direction and will aid any future development in being a big success! Good rental revenue ensures that you can continue to rent out the property until the timing is right to redevelop or cash out. The increased Property Transfer Tax Exemption on new construction means that a buyer can now purchase an $850k townhouse with only $60k down if they are eligible for the GST and PTT exemptions. Furthermore, the latest change allowing high-ratio mortgages to amortize new construction over 30 years could result in said buyer's mortgage payment being only $3.5k/mo (assuming a 3.09% interest rate at time of project completion). Sample floor plans have been provided to demonstrate what is possible, but the extensive street frontage of this lot provides considerable flexibility to realize your own development vision. (id:24570)
Location
Province BC
Zoning Multi-Family
Rooms
Kitchen 2.0
Interior
Heating Forced air,See remarks
Cooling Central air conditioning
Flooring Ceramic Tile,Laminate
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
View Y/N Yes
View Mountain view,Valley view,View (panoramic)
Roof Type Unknown
Building
Lot Description Landscaped,Level
Story 2
Sewer Municipal sewage system
Others
Virtual Tour https://my.matterport.com/show/?m=zJ7Bc7FEKFP