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3339 Bothe Road | $950,000
Jim Knowles* PREC Agent Photo
Jim
Knowles* PREC
C. (250) 318-0497
 P. (250) 374-3331
 Phone Jim https://jimknowles.realtyhd.com/
RE/MAX REAL ESTATE (KAMLOOPS)
258 Seymour Street
 Kamloops, BC
 Canada V2C 2E5

Details

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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

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About

 Jim Knowles has been providing professional buying / selling services as a  Re/Max realtor for 19 years in the Kamloops to Barriere  area. In todays market with new realtors jumping on board every day, protect yourself with the proven results that 19 years gives in the profession. Leave nothing on the table! To do so you need knowledge and experience to negotiate the deal you want.
 
Covering all aspects of realtor services Jim's licensing includes the ability to excel in home purchase and sales, commercial purchase sales and leasing, property management, bare land including farm, waterfront, acreage sales and purchases.

 Jim has won numerous awards in his real-estate career  including the prestigious Re/Max Platinum award four times Jim Knowles has  also been featured twice on the front cover page of the number one Real-estate magazine in Canada "REM" for his outstanding real-estate sales and his community work with handicapped athletes. 
 You will find that Jim is serious, yet can take a joke, knowledgeable, but will always listen, sensitive to the needs that you express to him.
Jim is a one on one realtor with no partners or assistants doing the work for him. When you engage Jim you get Jim.
Please take the time to call and chat. Jim 250-318-0497
http://www.barriererealestate.ca  For All of Your Barriere selling/buying needs contact Jim direct
Facebook:  https://www.facebook.com/Jim-Knowles-ReMax-RealEstate-Kamloops-125395237470845
Facebook: NHLgameused
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