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MLS® 10379029

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 2451 sqft
Garage Yes
Taxes $4,587
Days Active 7
Lot Size 
Approx. Age 1967
Avg. Price Per Sqft $326
MLS® Number 10379029

Property Address: 3339 Bothe Rd, Kelowna, BC, V1W3M3

Average square foot calculated using Size range provided by listing agent.

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:58753)Show Description
MLS® Number10379029
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1967
BasementFull
DrivewayAttached Garage, Additional Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Show Details
Bedroom 1:Main Floor11.42 × 9.5 ft
Master Bedroom:Main Floor13.25 × 14.17 ft
Dining Room:Main Floor9.5 × 10.75 ft
Other:Main Floor7 × 9.67 ft
Kitchen:Main Floor18.25 × 10.34 ft
Other:Main Floor3 × 9 ft
Living Room:Main Floor17.75 × 12.67 ft

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

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