3D Showcase allows you to walk through the property in 3d
Mcclelland
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
Hi, and thanks for visiting my page. I look forward to helping you with your real estate requirements. As a 35+ year resident of the Kamloops area, and with 30+ years as a full-time professional in the real estate industry, I have a thorough and well-rounded knowledge of our area, both in the City, in the smaller surrounding communities, and in the back-country. Over the years, I have been successfully involved in many facets of the real estate industry, including both new and previously-occupied residential, recreational, commercial/investment properties, and have served on our Association's Board of Directors both as a volunteer and as President.
My personal achievements include membership in the Remax Hall of Fame, and I am a consistent 100% Club member due to my great service, full-time dedication to my profession, and word-of-mouth/referral advertising. I enjoy golf, motorcycling, fishing, and other outdoor pursuits, as well as playing in a local jazz Big Band. Thanks again, I look forward to working with you!