3D Showcase allows you to walk through the property in 3d
Goertz
280 Baker Street
Nelson, BC
Canada V1L 4H3
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
As a seasoned real estate agent with over 20 years of experience, proudly serving Nelson, BC, and the surrounding areas. As a dedicated professional at Valhalla Path Realty, I’m committed to helping you navigate the real estate market with confidence and ease.
A Legacy of Real Estate Excellence
Real estate is in my blood. Growing up in Abbotsford, BC, as the son of a Realtor and the founder of Little Oak Realty, I was immersed in the industry from an early age. My brother Don and I have continued this legacy, both carving out successful careers in real estate.
Your Local Market Specialist
Having lived both in Nelson and on the North Shore just outside of town along the beautiful Kootenay Lake, I deeply understand the local market dynamics and the unique lifestyle this area offers. I specialize in helping clients buy and sell properties in Nelson and the surrounding communities, ensuring each transaction is smooth and rewarding.
More Than Just a Realtor
Outside of work, I am a devoted husband to Tracy and father to Talia. I love living in the Kootenays and actively participate in the local community. In the winters, you’ll find me playing hockey and cross-country skiing, while summers are spent enjoying the beach, hiking, and camping.
Why Choose Me?
- Experience and Expertise: With over two decades of experience, I bring a wealth of knowledge and a proven track record to every transaction.
- Personalized Service: I prioritize your needs and goals, providing tailored advice and solutions to meet your specific requirements.
- Community Involvement: As a local resident, I am deeply invested in the community and understand what makes this area special.
Whether you’re looking to buy your dream home or sell your current property, I am here to provide expert guidance and unwavering support. Let’s work together to achieve your real estate goals. Contact me today to get started!