3339 Bothe Road Kelowna, British Columbia V1W 3M3
$1,000,000
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:20737)
Property Details
| MLS® Number | 10311452 |
| Property Type | Single Family |
| Neigbourhood | Lower Mission |
| Amenities Near By | Golf Nearby, Park, Recreation, Schools, Shopping |
| Community Features | Rentals Allowed |
| Features | Level Lot, Corner Site, Two Balconies |
| Parking Space Total | 5 |
| View Type | Mountain View, Valley View, View (panoramic) |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Appliances | Refrigerator, Dishwasher, Dryer, Range - Electric, Washer |
| Basement Type | Full |
| Constructed Date | 1967 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stucco, Wood Siding |
| Flooring Type | Ceramic Tile, Laminate |
| Heating Type | Forced Air, See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 2451 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| See Remarks | |
| Attached Garage | 1 |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Park, Recreation, Schools, Shopping |
| Landscape Features | Landscaped, Level |
| Sewer | Municipal Sewage System |
| Size Frontage | 73 Ft |
| Size Irregular | 0.16 |
| Size Total | 0.16 Ac|under 1 Acre |
| Size Total Text | 0.16 Ac|under 1 Acre |
| Zoning Type | Multi-family |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Full Bathroom | 6'7'' x 7'3'' | ||
| Basement | Bedroom | 8'1'' x 10'9'' | ||
| Basement | Bedroom | 11'0'' x 10'10'' | ||
| Basement | Kitchen | 13'3'' x 10'7'' | ||
| Basement | Dining Room | 9'7'' x 11'2'' | ||
| Basement | Living Room | 17'2'' x 10'10'' | ||
| Main Level | Bedroom | 9'2'' x 9'3'' | ||
| Main Level | Bedroom | 10'10'' x 9'2'' | ||
| Main Level | Bedroom | 11'5'' x 9'6'' | ||
| Main Level | Full Bathroom | 7'0'' x 9'8'' | ||
| Main Level | 3pc Ensuite Bath | 3'0'' x 9'0'' | ||
| Main Level | Primary Bedroom | 13'3'' x 14'2'' | ||
| Main Level | Kitchen | 18'3'' x 10'4'' | ||
| Main Level | Dining Room | 9'6'' x 10'9'' | ||
| Main Level | Living Room | 17'9'' x 12'8'' |
https://www.realtor.ca/real-estate/26823394/3339-bothe-road-kelowna-lower-mission
251 Harvey Ave
Kelowna, British Columbia V1Y 6C2
(250) 869-0101
(250) 869-0105
https://assurancerealty.c21.ca/
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May 15 2024 06:58:35
Okanagan-Mainline Real Estate Board
Century 21 Assurance Realty Ltd