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3339 Bothe Road | $900,000
Dori Munday* PREC Agent Photo
Dori
Munday* PREC*
C. (250) 486-3865
 P. (250) 493-2244
 Phone Dori www.penticton-realestate.com
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

%
Years (35 year max)
Years



Address 3339 Bothe Road
AreaCentral Okanagan
Sub AreaSFS - Springfield/Spall
State/ProvinceBritish Columbia
CountryCanada
Price$900,000
Property TypeSingle Family - Detached
Bedrooms6
Bathrooms3
Half Baths0
Floor Space2451 Square Feet
Lot Size0.16 Acres
WaterfrontNo
Year Built1967
Taxes $2,398
Tax Year2023
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

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

Dori is Penticton Born and Raised. She has been selling real estate for 15 years. Working with the other rockstars at Royal LePage, the #1 company in Penticton for the past 35 consecutive years. We have over 60% market share and over 55 awesome agents.

https://www.penticton-realestate.com

Helping you achieve the best-desired outcome through skillful negotiations coupled with strong agent - agent relationships. Dori is a Master Certified Negotiation Specialist. Dori sells on average over 40 homes a year and specializes in Buyers Agency.  

Red Diamond Award Winner  - Top 2%

Office ranked Top Individual Agent

  • Presidents Gold (Top 10%) 2007-2019
  • Award of Excellence (Top 10% for 5 consecutive years) 2015 +2019
  • Directors Platinum Award (Top 3%) 2010+2017+2018
  • Lifetime Achievement Award (Top 10% (or better) for 10 consecutive years) 2017, 2018, 2019


Testimonials? I can deliver pages of recommendations from satisfied buyers and sellers.
http://www.penticton-realestate.com/about-dori/testimonials#.VevP8_ZViko

Looking to learn more about living in Penticton? - Call Dori for a Buyers consultation.


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