Snelling
125 - 5717 Main Street
Oliver, BC
Canada V0H 1T9
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 | Single Family - Detached |
Bedrooms | 4 |
Bathrooms | 4 |
Half Baths | 1 |
Floor Space | 2834 Square Feet |
Lot Size | 0.47 Acres |
Waterfront | No |
Year Built | 1968 |
Taxes | $5,237 |
Tax Year | 2024 |
MLS® # | 10318295 |
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
My name is Sharon Snelling and I have been living right here in Oliver for the last 30 years. I love this area and I cannot imagine calling anywhere else home!
I came here from England after backpacking my way around the world for 6 years. After arriving in Oliver I just knew that this was home. I embraced the lifestyle and became very passionate about camping in the summers and snowboarding in the winters. I also really enjoy curling, x-country skiing, stand up paddle boarding and horses, and currently have two horses of my own. This makes for some very fun times!
Since arriving in the South Okanagan I have worked primarily in the fruit industry and, along with my partner, have had a successful cherry export business selling cherries all around the world. I have also worked part time for Canada Post for the last ten years and some of you may recognize me from delivering your mail. In the past I have spent a number of years doing volunteer ski patrol and being a snow shoe guide at Mount Baldy.
Today I am entirely focused on real estate and extremely motivated to help you with buying or selling your home, so please don’t hesitate to contact me. I will do my absolute best to ensure your real estate transactions go as smooth as possible, and make it a fun experience as well!