3D Showcase allows you to walk through the property in 3d
Sefton
#1100 - 1631 Dickson Avenue
Kelowna, BC
Canada V1Y 0B5
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
Jeffrey lives in Oliver, BC and services the South Okanagan which includes Oliver, Osoyoos, Penticton and surrounding areas. To help his clients succeed Jeffrey has the solid backing of his team mates with the South Okanagan Home Team. With an organized team approach and systems in place, his clients can rest easy knowing that no opportunity is missed.
His approach to business is solutions based and with 14 years in the real estate industry he has built a strong network. Jeff specializes in residential real estate and helps people moving locally or relocating to the South Okanagan.
Jeffrey enjoys cycling, hiking and wine tasting, he's often out walking, hiking or visiting local Okanagan wineries.
AWARDS:
Masters Circle 2023
Prestige Award for Exemplary Sales & Service 2022
Chairman’s Award for Exemplary Sales & Service 2021
Prestige Award for Exemplary Sales & Service 2020
DESIGNATIONS:
SRES® Senior Real Estate Specialist
CIRE Luxury Property Specialist
MCNE® Master Certified Negotiation Expert (Real Estate Negotiation Institute)
“My measure of success is a satisfied client. I'm committed to providing you with service and results to ensure your satisfaction.”
TESTIMONIALS:
“Jeffrey’s expertise, experience and strong negotiating skills ensured our interests were always well-protected. He was always approachable and available by phone, email or in person whenever we needed him.”
Peter & Sandra
“Jeffrey provided outstanding services during the sale of my home! He knows the market very well and was able to get us a premium return. Jeffrey always took the time and care to make sure our needs were met”
Lindsay Lachance & Sterling Healey
“From the beginning we felt that you were actively on our side. With professional expertise and integrity, you guided us skillfully through an unfamiliar process. We are grateful to you for enabling the whole experience to be handled so quickly and painlessly!” David & Julie
“Since we were moving from another province, we knew we were going to rely on our realtor to not only help us find properties but view them on our behalf. We trusted Jeffrey a lot and he was able to tune in to the things we were looking for in a property. His ability to keep our needs and best interests in mind surpassed our expectations in every way. The result is the purchase of what is honestly our dream home that we would have never guessed we would find. We could not recommend Jeffrey highly enough — he is professional, well-informed, and smart — all of these qualities made our experience incredibly rewarding."
Justin & Danielle
Jeff walked me through the unknown and somewhat intimidating process of home-ownership with dedication & limitless patience. He is very knowledgeable and ethical; he made sure I was protected & that I understood each step of the process completely. Along the way, Jeff also took the stress away with his good-natured humor. " “I love my new home & couldn’t have done it without you!”
Barbara
Service Areas in the Okanagan: Oliver, Osoyoos, Penticton and surrounding areas of Keremeos, Summerland and Naramata. Jeffrey is connected to colleagues that service the areas further north of the South Okanagan to Kelowna, Vernon and Lake Country.