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675 Moraine Court | $1,600,000
Scott Jenvey Agent Photo
Scott
Jenvey
Jenvey Shay & Associates
 C. (250) 808-6240
 P. (250) 469-9547
 Phone Scott https://scottjenvey.com
SOTHEBY'S INTERNATIONAL REALTY CANADA
104 - 3477 Lakeshore Rd
 Kelowna, BC
 Canada V1W 3S9

Details

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Address 675 Moraine Court
AreaCentral Okanagan
Sub AreaRS - Rutland South
State/ProvinceBritish Columbia
CountryCanada
Price$1,600,000
Property TypeResidential Development
Lot Size0.47 Acres
WaterfrontNo
Taxes $5,237
Tax Year2024
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

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

DEDICATED. RESOURCEFUL. KNOWLEDGEABLE 

Scott is a distinguished real estate professional specializing in the luxury market across the Okanagan Valley. With an unmatched ability to showcase exceptional properties, he employs cutting-edge marketing techniques that enhance visibility and boost appeal for every listing. A Certified Luxury Home Marketing Specialist (CLHMS™), Seniors Real Estate Specialist (SRES®), Resort and Second Home Specialist (RSPS), and Certified International Property Specialist (CIPS), Scott brings a comprehensive skill set to the table.

His unique background in municipal engineering and geographic information systems allows him to offer strategic, data-driven advice tailored to each client’s specific needs. As a key member of Sotheby’s International Realty, Scott leverages the brand’s global reach to ensure his properties receive maximum exposure and achieve optimal sales outcomes. His meticulous attention to detail, coupled with a deep understanding of the Okanagan landscape, ensures that every client’s experience is personalized and results-driven.

Whether you are a first-time homebuyer, looking to sell a cherished home, or investing in new opportunities, Scott is committed to guiding you with clear, informed, and effective strategies, ensuring a smooth and successful real estate journey.

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