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| 3339 Bothe Road Kelowna V1W3M3 |
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| Price : $900,000 |
Listing ID : 10311452
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6 
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3 
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| Property Type : Single Family |
Building Type : House |
| Title : Freehold |
Finished Area : 2451 sqft |
| Built in : 1967 |
Total Parking Spaces : 5 |
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Offering a 1.89% assumable mortgage and strong rental income, this corner lot is the perfect holding property for future development. 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 aide your future development in being a big success! Good rental revenue from the tenants in the existing house ensures that you can take your time perfecting your development plans and then build when the time is right. If the existing mortgage is assumed, the property will generate approximately $700/mo in positive cashflow until you are ready to redevelop it (based on current rental income and a 20% downpayment). The increased Property Transfer Tax Exemption on new construction means that a buyer can now purchase an $850k townhouse with less than $65k down if they included the GST in their mortgage. Furthermore, the upcoming change allowing high-ratio mortgages to amortize new construction over 30 years could result in said buyer’s mortgage payment being less than $4k/mo (assuming 4% 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:56537)
Call (250)-864-7337 for showing information. |
| Details |
| Amenities Nearby : Golf Nearby, Park, Recreation, Schools, Shopping |
Access : Easy access |
Appliances Inc : Refrigerator, Dishwasher, Dryer, Range - Electric, Washer |
| Community Features : Rentals Allowed |
Features : Level lot, Corner Site, Two Balconies |
Structures : - |
| Total Parking Spaces : 5 |
View : Mountain view, Valley view, View (panoramic) |
Waterfront : - |
| Zoning Type : Multi-Family |
| Building |
| Architecture Style : - |
Bathrooms (Partial) : 0 |
Cooling : Central air conditioning |
| Fire Protection : - |
Fireplace Fuel : - |
Fireplace Type : - |
| Floor Space : - |
Flooring : Ceramic Tile, Laminate |
Foundation Type : - |
| Heating Fuel : - |
Heating Type : Forced air, See remarks |
Roof Style : Unknown |
| Roofing Material : Asphalt shingle |
Sewer : Municipal sewage system |
Utility Water : Municipal water |
| Basement |
| Type : Full |
Development : - |
Features : - |
| Land |
| Landscape Features : Landscaped, Level |
| Rooms |
| Level : |
Type : |
Dimensions : |
| Basement |
Bedroom |
11'0'' x 10'10'' |
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Bedroom |
8'1'' x 10'9'' |
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Dining room |
9'7'' x 11'2'' |
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Full bathroom |
6'7'' x 7'3'' |
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Kitchen |
13'3'' x 10'7'' |
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Living room |
17'2'' x 10'10'' |
| Main level |
3pc Ensuite bath |
3'0'' x 9'0'' |
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Bedroom |
10'10'' x 9'2'' |
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Bedroom |
11'5'' x 9'6'' |
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Bedroom |
9'2'' x 9'3'' |
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Dining room |
9'6'' x 10'9'' |
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Full bathroom |
7'0'' x 9'8'' |
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Kitchen |
18'3'' x 10'4'' |
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Living room |
17'9'' x 12'8'' |
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Primary Bedroom |
13'3'' x 14'2'' |
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Data from sources believed reliable but should not be relied upon without verification. All measurements are
approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate
Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently
under contract.
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