3D Showcase allows you to walk through the property in 3d
Raven
1214 7th Avenue Box 2280
Invermere, BC
Canada V0A 1K0
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
Bernie Raven has been one of the Valley top-producing realtors in the Columbia Valley for the last 27 years. He prides himself in his commitment to his clients, quick response, and attention to detail. His success is due to hard work, honesty, dedication and two very important ingredients reputation and respect. He feels these 5 things will make you or break you. Bernie was born and raised in the Columbia Valley which is where he raised his family.
MaxWell Realty President's Award 2010, 2011, 2012, MaxWell Realty Chairman’s Award 2013, MaxWell Realty Chairman’s Award, Top Team and Hall of Fame 2014, MaxWell Realty President's Award, Top Team 2015, MaxWell Realty President's Award 2016, President’s Award and Pinnacle Award 2017, MaxWell Realty President's Award 2018, Director’s Award 2019, Chairman’s Award 2020, Summit Award 2020, Chairman’s Award 2021, Summit Award 2021, Summit Award 2021 and Top MaxWell Team 3rd by production.
RE/MAX Platinum Club, RE/MAX Chairman’s Club, RE/MAX Hall of Fame, top 100 in Canada for 2007, top 100 in Western Canada for 2008, Gold Club Award Top 10% in the Kootenay Real Estate Board.