3D Showcase allows you to walk through the property in 3d
Griffith
1013 Canyon Street
Creston, BC
Canada V0B 1G0
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
I know this area very well, having lived in Creston since I was nine years old, when my family moved here from Prince George, BC. My family and I truly appreciate the nice mild winters and wonderful fresh fruit and vegetables that are grown in this beautiful valley. My list of enjoyable things to do in the area includes hiking the mountains, walking my dog and enjoying the scenery, golfing on the challenging Creston Golf Course and swimming in the newly renovated recreation center. I also belong to a women’s singing group, Key of She, which I enjoy very much.
Experience
I have first hand knowledge of the real estate industry, having worked for 8 years as the office administrator at RE/MAX Discovery Real Estate before taking the courses and getting my real estate license. I previously held positions in the accounting profession for more than twenty years here in Creston. I am very detail oriented, conscientious and confidential. I understand the responsibility entrusted to me by both buyers and sellers, specifically the responsibility associated with handling such a major, lifelong investment as that of one’s home. I do not take this responsibility lightly. Key principles for me are commitment and integrity. I am a member of the Canadian Real Estate Association, the B.C. Real Estate Association and the Kootenay Association of Realtors.
I raised my three children in this valley and family is very important to me. It has become my passion to help other families find their dream homes. I would love to help you find yours. I am Compassionate, Committed and Competent. Let's Make it Happen! Call Shelley Griffith!