3D Showcase allows you to walk through the property in 3d
Sobkiw
Box 248
Creston, BC
Canada V0B 1G0
Details
Address | 3339 Bothe Road |
Area | Central Okanagan |
Sub Area | SFS - Springfield/Spall |
State/Province | British Columbia |
Country | Canada |
Price | $950,000 |
Property Type | Single Family - Detached |
Bedrooms | 6 |
Bathrooms | 3 |
Half Baths | 0 |
Floor Space | 2451 Square Feet |
Lot Size | 0.16 Acres |
Waterfront | No |
Year Built | 1967 |
Taxes | $2,398 |
Tax Year | 2023 |
MLS® # | 10311452 |
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.
Listed by CENTURY 21 ASSURANCE REALTY LTD
Location
3D Showcase
About
Hi, I’m Sheena and when I’m not with clients doing what I love, selling houses, you’ll find me with my German Shepherd, Adi, exploring the Kootenays!
From 7 years of selling new homes for a variety of builders, my portfolio consists of investors, first time home buyers, relocations, custom builds and more!
I have sold homes in Alberta, Saskatchewan and now BC which has given me the ability to adapt quickly to a new marketplace and has expanded my connections in many cities. Known for my eye for detail and competitive edge, my business platform presents as well as it performs.
I was first introduced to the Kootenays at a young age when we spent summer vacations at our family cabin in Crawford Bay. My parents, aunts and uncles and grandparents are now all proudly nestled into the Creston Valley. I am excited to continue growing my business in this community and use my connections throughout other provinces to help shed light on this beautiful area that I am lucky enough to call home.
Apart from my real estate passion, I love interior design, home renovations, a good latte and nature!