3D Showcase allows you to walk through the property in 3d
Turner *
258 Seymour Street
Kamloops, BC
Canada V2C 2E5
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
Linda has been living in BC for over 40 years and is happily married to Brian, who retired from the RCMP. They have lived in Kamloops for the past 27 years and plan to make this their retirement home. They have two married children who both live in Kamloops. Linda’s daughter, Kristy Janota, has been a part of the real estate team since receiving her real estate license in 2008! She is also a CPA which is plus for the team. Her husband, Paul Janota, is our IT and support guy. Linda’s son Wade is a Senior Engineering Tech and GIS Coordinator for Urban Systems and his wife, Tricia, is a CPA with BC Lotteries. Linda is very proud of their successful careers. Linda especially enjoys her four grandchildren and feels fortunate to have them close by.
Linda is a member of the Kamloops Chamber of Commerce. She enjoys
travel, gardening and making stained glass windows. She was trained in
Business Administration so brings good organizational skills to her Real
Estate career. With years of direct sales experience, Linda knows how
to market properties to get the most effective results. Linda and Kristy have earned
the RE/MAX Chairman’s Club Award for the past ten years as well
as the RE/MAX Titan and Diamond Awards. In addition she has earned the RE/MAX Hall
of Fame Award, the Lifetime Achievement Award, and the Spirit of the
West Award. Most recently, she earned the Circle Of Legends Award.
Linda contributes to the Children’s Miracle Network with a cash donation for every sale during the year. These funds go to help the BC Children’s Hospital. She travels to Vancouver annually to participate by manning the phones and taking pledges during the CMN Miracle Makers Telethon. Linda also creates a large stained glass window annually that she donates to the RE/MAX fund raising Miracle Makers Live Auction. To date, these Stained Glass creations have raised over $150,000! Linda also contributes an annual $1000 scholarship to the Thompson Rivers University to help 4th year business students.