Parker *PREC*
13242 Victoria Road N
Summerland, BC
Canada V0H 1Z0
Details
Address | 675 Moraine Court |
Area | Central Okanagan |
Sub Area | RS - Rutland South |
State/Province | British Columbia |
Country | Canada |
Price | $1,600,000 |
Property Type | Residential Development |
Lot Size | 0.47 Acres |
Waterfront | No |
Taxes | $5,237 |
Tax Year | 2024 |
MLS® # | 10318219 |
Located on a quiet street in the desirable Spring Valley neighbourhood, this sizeable 0.47 acre lot is the perfect site for your future townhouse development. The city supports rezoning this parcel to MF2 to accommodate up to 20,400sq ft GFA (Base FAR: 1.0). At two stories in height, this property can comfortably accommodate 14x 1,300sq ft townhouses, but greater density could be achieved if building up a 3rd story (up to FAR: 1.3 possible w/ Public Amenity or Rental Bonus). The existing house and sizeable workshop will provide solid rental income while you are perfecting your development plans, and proximity to shopping, restaurants, schools, parks, Mission Park Greenway, Orchard Park Mall, Costco, public transit, and much more will aide your future development in being a big success! The Property Transfer Tax Exemption on new construction means that a buyer can purchase a $650k townhouse with less than $45k down if they included the GST in their mortgage, and 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 $3k/mo (assuming 3.5% interest rate at time of project completion). Sample floor plans have been provided to demonstrate what is possible, but the size and shape of this lot affords considerable flexibility to realize your own development vision.
Listed by CENTURY 21 ASSURANCE REALTY LTD
Location
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.