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3339 Bothe Road | $900,000
Pamela Hass Agent Photo
Pamela
Hass
Pamela Hass
C. (250) 809-1420
 P. (250) 495-2606
 Phone Pamela pamelahass@royallepage.ca www.pamelahass.ca
ROYAL LEPAGE DESERT OASIS RLTY
8512 Main Street
 Osoyoos, BC
 Canada V0H 1V0

Details

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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

Pamela was introduced into Real estate career as the administrative assistant with Realty World/ROYAL LEPAGE in 1990.  She was also an owner in a partnership of the office from 1994 -2008. She then decided to take the next step and become a Realtor.   With her many years of office experience & the contacts she made  it was a natural advancement  and was licenced in 2003.  Pamela's business is largely based on referrals of satisfied past clients and friends. This is a testament to her highly developed communication and negotiation skills. As a result of always putting her client's interests first and her diligent approach to making things happen. Pamela has earned a respected reputation of professionalism and competence within the industry and local community.

Pamela is a proud Shelter Foundation donor through Royal Lepage's own charity. A portion of each of her sales is donated which provides many women and children with shelters as well as funding violence prevention programs in many communities. Royal LePage is the only real estate company that has its own charity and worthy to note that each $ Dollar donated is 100% contributed to the charity.  

Real estate is about location, location, location. Pamela has 30 years  knowledge of the Osoyoos, Oliver area area and can help you find the right home for you or the right buyer for your home.
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