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| 675 Moraine Court Kelowna V1X5X2 |
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| Price : $1,600,000 |
Listing ID : 10318295
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4 
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4 
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| Property Type : Single Family |
Building Type : House |
| Title : Freehold |
Finished Area : 2834 sqft |
| Built in : 1968 |
Total Parking Spaces : 3 |
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Located on a quiet street in the desirable Spring Valley neighbourhood, this sizeable 0.47 acre lot is the perfect site for your future townhouse development. The city supports rezoning this parcel to MF2 to accommodate up to 20,400sq ft GFA (Base FAR: 1.0). At two stories in height, this property can comfortably accommodate 14x 1,300sq ft townhouses, but greater density could be achieved if building up a 3rd story (up to FAR: 1.3 possible w/ Public Amenity or Rental Bonus). The existing house and sizeable workshop will provide solid rental income while you are perfecting your development plans, and proximity to shopping, restaurants, schools, parks, Mission Park Greenway, Orchard Park Mall, Costco, public transit, and much more will aide your future development in being a big success! The Property Transfer Tax Exemption on new construction means that a buyer can purchase a $650k townhouse with less than $45k down if they included the GST in their mortgage, and 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 $3k/mo (assuming 3.5% interest rate at time of project completion). Sample floor plans have been provided to demonstrate what is possible, but the size and shape of this lot affords considerable flexibility to realize your own development vision. (id:56537)
Call (250)-864-7337 for showing information. |
| Details |
| Amenities Nearby : Public Transit, Park, Schools, Shopping |
Access : Easy access |
Appliances Inc : - |
| Community Features : Family Oriented |
Features : Cul-de-sac, Level lot |
Structures : - |
| Total Parking Spaces : 3 |
View : - |
Waterfront : - |
| Zoning Type : Multi-Family |
| Building |
| Architecture Style : - |
Bathrooms (Partial) : 1 |
Cooling : Central air conditioning |
| Fire Protection : - |
Fireplace Fuel : - |
Fireplace Type : - |
| Floor Space : - |
Flooring : - |
Foundation Type : - |
| Heating Fuel : - |
Heating Type : Forced air |
Roof Style : Unknown |
| Roofing Material : Asphalt shingle |
Sewer : Municipal sewage system |
Utility Water : Municipal water |
| Basement |
| Type : - |
Development : - |
Features : - |
| Land |
| Landscape Features : Landscaped, Level |
| Rooms |
| Level : |
Type : |
Dimensions : |
| Basement |
3pc Bathroom |
7'6'' x 6'9'' |
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Bedroom |
12'9'' x 11'11'' |
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Den |
10'6'' x 9'10'' |
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Family room |
25'3'' x 12' |
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Laundry room |
10'8'' x 10'5'' |
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Utility room |
11' x 10'6'' |
| Main level |
3pc Bathroom |
8'7'' x 6' |
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4pc Ensuite bath |
8' x 7'6'' |
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Bedroom |
13'3'' x 10'9'' |
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Bedroom |
14'8'' x 10'7'' |
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Dining room |
11'9'' x 9' |
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Kitchen |
11'10'' x 10'8'' |
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Living room |
18' x 11'10'' |
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Partial bathroom |
Measurements not available |
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Primary Bedroom |
18'2'' x 14'11'' |
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Workshop |
25' x 21'3'' |
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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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