3D Showcase allows you to walk through the property in 3d
Klejne PREC*
107-1664 Richter St
Kelowna, BC
Canada V1Y 8N3
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
Licensed in 2010, Diana has built a very successful Real Estate
business in the Greater Vancouver Area, where she has thrived in a highly
competitive market through her award-winning client care, highest level of
service, people skills, and negotiating expertise. Diana was also consistently
in the top 10% of agents in the Greater Vancouver Real Estate Board, earning
her Medallion Award year after year, brokerage top agent awards, speaking
engagements, pod cast showcases, and more.
Since 2021 she has brought her
knowledge, experience, and drive to the Creston Valley and takes great pride in
what she does.
One thing you will
notice about Diana is that she is all about self-improvement, continuous
learning, and has amazing attention to excellence. She understands that buying
and selling a home is complex, and not only financially challenging, but
personally demanding. This perspective on the process and the responsibility
felt towards her clients is what drives her to be an expert in her field.
She understands the market, the
players involved, and all the variables that go along with it. Her main goal is
making sure you feel supported, and that you know you have a trusted advisor by
your side.
Throughout the years Diana has created
a solid referral-based business where her clients would refer her to their
family, friends, and colleagues, because they knew without a doubt that their
loved ones were in her professional hands. Diana is also well-versed and up to
date with all marketing including digital and technological trends to make your
Real Estate deal not only successful but also a lot of fun!
Diana is a natural relationship
builder and is committed to upholding lifelong relationships. Therefore, still
keeping close connections with past clients, & the top agents on the West
Coast allows her to give you more exposure, and to reach additional markets in
other parts of British Columbia. She brings with her an amazing work ethic,
marketing expertise, community involvement, and exceptional client care. She is
truly honored to be your trusted Real Estate Advisor, and it’s a role that she
takes very seriously.
She is looking forward to working with
you, getting to know you and is always here to help you achieve your Real
Estate goals!