3339 Bothe Road | $900,000
Nik Zimmer Agent Photo
Nik
Zimmer
ROYAL LEPAGE KELOWNA
#1 - 1890 Cooper Road
Kelowna, BC
Canada V1Y 8B7

Details

%
Years (35 year max)
Years



Address 3339 Bothe Road
AreaCentral Okanagan
Sub AreaSFS - Springfield/Spall
State/ProvinceBritish Columbia
CountryCanada
Price$900,000
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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About

Nik's love for the real estate business runs deep. He grew up watching his parents buy, sell, and build houses all over Alberta, Ontario, and British Columbia. It was a family affair, and he soaked up everything he could. But it was his mother, Amy Zimmer, who truly inspired him. Nik watched as she built a successful career in Kelowna BC, and he knew that he wanted to follow in her footsteps. He admired her patience, loyalty, and perseverance, and knew that those qualities would serve him well in the industry. With over 20 years of experience in retail sales management, Nik has a knack for customer service and marketing. He understands the importance of going above and beyond for his clients, just as his father did when he ensured his customers and clients always received "RED-CARPET" service. Nik's personal life is just as important to him as his professional career. He lives in Kelowna BC with his wife of 15 years, Lynsie, and their two young sons, Lukas and Myles. It's where he grew up, having moved there with his family in 1989. He went to high school at Mount Boucherie Secondary school in West Kelowna and currently resides in the lower Mission. For Nik, real estate isn't just a job - it's a passion. He knows the Okanagan region like the back of his hand and takes pride in helping his clients find their dream homes or sell their properties. He believes in providing his clients with "RED-CARPET" service, making them feel valued and supported every step of the way. Nik's story is one of dedication, hard work, and a commitment to excellence. With his knowledge of the real estate industry, his personal connection to Kelowna BC, and his passion for providing exceptional customer service, he's a real estate agent you can trust.