$ 900,000 – 3339 Bothe Road

This listing presented by Lorne Ayers. Contact Lorne by phone: (250) 860-1100 or email direct here.

Listing Info

Area: Kelowna
Property Type: Single Family
Ownership: Freehold
MLS® Number: 10353132
Bedroom: 6
Bathroom: 3
Year Built: 1967
Lot Size: 0.16
Listing Status: Active
List Price: $ 900,000

Place Nearby (within radius 1.5 km)



6 BR / 3 BA Single Family – Kelowna

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:6769)

Construction Info

Interior Finish: 2451
Flooring: Ceramic Tile,Laminate
Sewer: Municipal sewage system
Parking Covered: 1
Parking: 5

Rooms Dimension

Listing Agent:

Kattlin Stass
(250) 515-2649

Brokerage:

Century 21 Assurance Realty Ltd
(250) 869-0101
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