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3339 Bothe Road | $900,000
The Wood Team Agent Photo
Mike
Wood
Mike Wood
C. (778) 931-0051
 P. (833) 817-6506
 Phone Mike mike@mikewood.net thewoodteam.ca
P. C. (250) 809-1861 Phone $branding.getSecondMemberFirstName() Tricia@TheWoodTeam.ca
EXP REALTY
645 Main Street
 Penticton, BC
 Canada V2A 5C9

Details

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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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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

Mission Statement:

Behind every real estate transaction there is always a person or family involved.

Buying or selling a home is the most important financial transaction that a person will make in their life.  Our goal, at the Wood Team, is to ensure a smooth and efficient process in our personalized real estate service.

We Believe that trust is obtained through honest communication and follow-through.

Vision Statement:

To be known in the real estate community because of our excellence and integrity.

MEET THE WOOD TEAM:

Mike Wood

             Mike Wood is deeply connected to the South Okanagan. Mike was born and raised in Penticton has been a resident of the beautiful South Okanagan for over 46 years.

             As a father of 1 and a stepfather of 4, over the years Mike has been a coach and assistant coach for Soccer and Lacrosse. He is very proud father and plays a variety of sports himself including Slo-Pitch, Pickleball, Water Skiing, Wake Surfing and more.

            With over 25 years of real estate experience, he holds licenses from UBC Sauder School of Business in real estate, brokering, strata management, rental property management and mortgage brokering.

             Mike has belonged to many great organizations over the years including serving as a member of the South Okanagan Real Estate Board and is familiar with the many great area’s the South Okanagan has to offer

 

Tricia Radcliffe

             Tricia is an advocate of active living and keeping it local. Ride, ski, hike, boat, sip wine, eat, breathe, enjoying our surroundings, that is her encouragement. She loves to share what's happening in her community with friends and family and invite others to join in and experience what the Okanagan has to offer. 

            With much time spent on a remote island off the coast of Vancouver Island, and then living off the grid in BC’s Rocky Mountains, this devoted partner, and mother of 3, is ready to take on any challenge. Whether it’s homeschooling, volunteer firefighting, or chasing bears out of the yard, each task is acted on with determination.

            With a background in the service industry, Tricia believes that positive impact happens with a service attitude and is the number one value in how she runs her business.  Likewise, skillful practice is paramount to maintaining excellent support, therefore, lifelong learning and new experiences are a constant in her career. Tricia is licensed from UBC Sauder School of Business in real estate and is a proud member of the Chamber of Commerce.

            Tricia’s priorities in selling real estate are dependent on who she is serving, because what’s right for you may not align with someone else. Your priorities are her priorities, and you can have faith that she will look after your best interest. Selling, buying, both or neither, her commitment to serving you will not change, ensuring your transaction is a positive experience.

 Our Goal together is to take your needs seriously and professionally with care and great skill.

 

“ We enjoy all that our community has to offer and engage in opportunities to meet new people and participate in local activities and events.”

Would you like to work together? Please don't hesitate to reach out to us, we look forward to hearing from you.

A Trusted Name in Real Estate


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

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