3339 Bothe Road Kelowna, BC V1W 3M3
Inscription par: ASSOCIATION OF INTERIOR REALTORS / Century 21 Assurance Realty Ltd. / Kattlin Stass

  3339 Bothe Road Kelowna, BC V1W 3M3

En vigueur (3 Jours)
900 000 $
6 970
PI. CA.

Description

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 potential 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 would generate approximately $1,200/mo in positive cashflow until you are ready to redevelop it (based on past 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 latest 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.

MLS®:
10338324
Les impôts
$4,411(2024)
Surface Terrain
6,970 PI. CA.
Catégorie
Land
Vue
Mountain(s), Valley
Ville
Central Okanagan

Listed By

Kattlin Stass, Century 21 Assurance Realty Ltd.
Source
ASSOCIATION OF INTERIOR REALTORS
Dernière vérification Mar 14 2025 à 9:49 PM PDT
Détails sur les salles de bains
Informations sur le lot
  • Central Business District
  • Corner Lot
  • Dead End
  • Landscaped
  • Level
  • Near Golf Course
  • Near Park
  • Near Public Transit
  • Paved
  • Secluded
  • Views
Informations sur les services publics
  • Utilities: Cable Available, Electricity Available, High Speed Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Source: Public
  • Sewer: Public Sewer
Alimenté par Walk Score®
Disclaimer: Copyright 2025 Association of Interior Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/14/25 14:49