3D Showcase allows you to walk through the property in 3d
Taylor
C. (250) 498-9886
P. (833) 817-6506
Phone Allan http://www.allantaylor.ca
645 Main Street
Penticton, BC
Canada V2A 5C9
Details
Address | 3339 Bothe Road |
Area | Central Okanagan |
Sub Area | SFS - Springfield/Spall |
State/Province | British Columbia |
Country | Canada |
Price | $950,000 |
Property Type | Residential Development |
Lot Size | 0.16 Acres |
Waterfront | No |
Taxes | $2,398 |
Tax Year | 2023 |
MLS® # | 10311461 |
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
Education and Related Background
Allan Taylor graduated from North Vancouver Senior High and attended the University of British Columbia where he studied Economics and Psychology in his undergraduate years. Allan graduated with a Bachelor of Laws (LL.B) from the U.B.C. Faculty of Law.
Allan practiced law in private practice with an emphasis on real estate law - handling thousands of real estate related transactions. In his practice he acted for buyers, sellers, builders, developers and many financial institutions.
Allan Taylor left the private practice of law in 1980 and moved to the real estate brokerage business. Allan started in the real estate business with several years of very successful sales and then moved to sales management and the position of Vice President of Operations for Sussex Realty. The North Vancouver office very quickly became the No.1 sales volume office in the Greater Vancouver Board.
Allan Taylor ultimately became the President and CEO of Sussex Realty Corporation and was instrumental in building the organization from a one office sales firm to a diversified franchise organization of over 550 salespeople and 22 offices. Allan was also instrumental in the initiation of the company's very successful insurance and mortgage brokerage divisions.
Community Involvement
Allan Taylor has been very active in the community and has served:
- as an Alderman on the North Vancouver City Council;
- as a Board Member of the Lions Gate Hospital Board of Management;
- as a member of the North Vancouver City Advisory Planning Commission;
- as a Board Member and President of the Capilano College Foundation - currently serving as Past President;
- as a big brother in the Big Brothers' organization for several years;
- as a coach and manager of many children's sports teams including local football, softball and soccer teams;
- and, has served on many charitable fund raising committees;
Allan Taylor was awarded the "Distinguished Citizen Award" by the District of North Vancouver in 1991 as one of 100 citizens in the past 100 years to be recognized for achievement, community spirit and service to the community.
Allan is married to Carroll who is also a life time resident of the North Shore. Carroll is a full time real estate assistant to Allan - handling a multitude of duties including web-site management, marketing, and administration. Carroll and Allan have four grown children - Shelley, Steve, Theran and Ryan. Allan and Carroll have been full time residents of Osoyoos for the past 18 years.
Allan Taylor has the education, background and experience to provide you with the excellent service you deserve in the sale or purchase of your home.