Notify me of more listings like this...

Create your own personal listing search:

  • Get a specialty tailored website for all your matched properties.
  • Get notified immediately as a new property matches your search criteria.
  • Track properties as they sell.
  • Follow market trends and stats.
  • Gain access to all property details.
Always FREE, Sign up in under 1 minute!

Get Started
3339 Bothe Road | $950,000
Norm Davies PREC* Agent Photo
Norm
Davies PREC*
C. (250) 809-1875
 P. (250) 493-2244
 Phone Norm http://www.normdavies.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$950,000
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

Location

Use two fingers to move the map
Street View Satellite
Use two fingers to scroll demographics
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.
(click to close)

3D Showcase

3D Showcase allows you to walk through the property in 3d

View 3D Showcase
Next
The blue circle drawn on the map represents the area which is most likely to contain listings comparable to 3339 Bothe Road. If you wish, you may adjust the circle by dragging the white center handle to move it, or dragging one of its other white handles to resize it. Press the 'Next' button at the top when finished.

Adjust the values below if necessary

Bedrooms
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+
Bathrooms
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+

When finished, press the 'Next' button

When the sign up process is complete, you will receive an email which will contain login details and additional information to access your listings

The User acknowledges and agrees that real estate information provided through the PCS system is general in nature and does not constitute the provision of trading services to a consumer as defined in the Real Estate Services Act.

"trading services" means any of the following services provided to or on behalf of a party to a trade in real estate:

  1. advising on the appropriate price for the real estate
  2. making representations about the real estate
  3. finding the real estate for a party to acquire
  4. finding a party to acquire the real estate
  5. showing the real estate
  6. negotiating the price of the real estate or the terms of the trade in real estate
  7. presenting offers to dispose of or acquire the real estate
  8. receiving deposit money paid in respect of the real estate

but does not include an activity excluded by regulation.

By accessing the information a User does not establish or consent to an agency or any other relationship with the REALTOR® who is providing the User with access to this service.

Before providing trading services to or on behalf of a party to a trade in real estate, a REALTOR® must disclose to the party whether or not the REALTOR® will represent the party as a client. The User further acknowledges that should they wish to receive information other than that of "general" information or to engage the REALTOR® for any of the above referenced Trading Services activities, they may contact the REALTOR® who will, as required by the Real Estate Rules, present to the consumer the Disclosure of Representation in Trading Services form, and explain the special legal duties real estate professionals owe to their clients and help you choose whether you want to be a client of the REALTOR® or an Unrepresented Party, with no real estate professional representing you.

I agree, sign me up
Thank you! You will receive an email shortly, which will contain login details and additional information to access your listings. Close Oops, there was a problem signing up:

Try Again
Cancel