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3339 Bothe Road | $950,000
Rie Takahashi Agent Photo
Rie
Takahashi
C. (250) 851-2000
 P. (250) 374-3331
 Phone Rie http://www.inKamloops.com
RE/MAX REAL ESTATE (KAMLOOPS)
258 Seymour Street
 Kamloops, BC
 Canada V2C 2E5

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

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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

Hi❣️ I’m Rie, a trusted Realtor in Kamloops with over 25 years of experience in the real estate business🤝

It's been an incredible journey helping over 500 families find their dream homes and ensuring their properties receive the attention they deserve, while supporting the Miracle Network for Children's Hospital with every successful transaction. My clients' trust, paired with my hard work, has earned me notable awards, including the Re/Max Lifetime Achievement and Platinum Club designations.

I moved from Japan to Kamloops in 1993 to attend university and instantly fell in love with the city. Having raised two children here, I know firsthand that Kamloops is a fantastic place to live and raise a family. My real estate journey began as a personal assistant, and I have been a licensed agent with Re/Max Kamloops for 19 years now.

My business philosophy is centered on Communication, Dedication, and Transparency. I am committed to providing exceptional service and am always available to answer your questions. Additionally, I've been supporting Children's Miracle Network & also organize the annual “Nicholas’s Youth Mental Health Run,” reflecting my dedication to giving back to the community.

If you’re looking for a knowledgeable and dedicated real estate agent to help you find your dream home or investment, contact me to start your real estate journey! ☀️🏡

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