Sobkiw
Box 248
Creston, BC
Canada V0B 1G0
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
Hi, I’m Sheena and when I’m not with clients doing what I love, selling houses, you’ll find me with my German Shepherd, Adi, exploring the Kootenays!
From 7 years of selling new homes for a variety of builders, my portfolio consists of investors, first time home buyers, relocations, custom builds and more!
I have sold homes in Alberta, Saskatchewan and now BC which has given me the ability to adapt quickly to a new marketplace and has expanded my connections in many cities. Known for my eye for detail and competitive edge, my business platform presents as well as it performs.
I was first introduced to the Kootenays at a young age when we spent summer vacations at our family cabin in Crawford Bay. My parents, aunts and uncles and grandparents are now all proudly nestled into the Creston Valley. I am excited to continue growing my business in this community and use my connections throughout other provinces to help shed light on this beautiful area that I am lucky enough to call home.
Apart from my real estate passion, I love interior design, home renovations, a good latte and nature!