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3339 Bothe Road | $950,000
Shelley Parker *PREC Agent Photo
Shelley
Parker *PREC*
C. (250) 460-2855
 P. (250) 490-6302
 Phone Shelley http://www.parkerproperty.ca
PARKER REAL ESTATE
13242 Victoria Road N
 Summerland, BC
 Canada V0H 1Z0

Details

%
Years (35 year max)
Years



Address 3339 Bothe Road
AreaCentral Okanagan
Sub AreaSFS - Springfield/Spall
State/ProvinceBritish Columbia
CountryCanada
Price$950,000
Property TypeResidential Development
Lot Size0.16 Acres
WaterfrontNo
Taxes $2,398
Tax Year2023
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

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About

Shelley's educational background consists of a Marketing Management & Professional Sales diploma from BCIT, the Bachelor of Business Administration program at Okanagan College, and the Real Estate Trading Services & Broker's Licensing Course at UBC. Prior to entering the real estate arena - Shelley spent 10 years in the non-profit sector. Real estate is in Shelley's blood - her father was a realtor for 20+ years. Her forefathers were part of the history of Summerland - her father and grandfather were the contractors/ developers for the Sumac Ridge Golf and Country Club and many of the homes in the surrounding area.

For the past 19 years Shelley has put her knowledge, experience, skills and talents towards assisting individuals, families and investors in buying and selling real estate in the Okanagan Valley.

Shelley is known for her intuition and diligence. When a client is speaking with her, she is raptly focused and clearly understands the critical points of their needs and desires. This is why Shelley is respected and known as one of the top realtors in the area. She also employs encouragement and genuine caring as she creates a positive experience for both sides in any property transaction. Her business approach is direct and successful – she listens to her client’s needs and assures an honest and efficient transaction. 

In her free time, Shelley is passionate about maintaining the independent brokerage of Parker Real Estate, being a wife and mom to four kids, trying not to be the worst skier on the hill, nor the worse golfer on the course and going to "just a few" rock concerts.

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