Strohmann
Box 2109
Grand Forks, BC
Canada V0H 1H0
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
Welcome! I'm Terry Strohmann, and I’m excited to help you with
your real estate needs. With 13 wonderful years of experience living in Grand
Forks and a deep connection to this community, I bring a wealth of local
knowledge to the table.
I grew up on a farm in Saskatchewan, where I learned the values
of hard work, dedication, and a deep appreciation for rural life. This
background gives me a unique perspective on the nuances of rural properties and
the specific needs of families looking to buy or sell in these areas.
In addition to my real estate expertise, I have 15 years of
experience in commercial and home construction management. This hands-on
experience allows me to provide valuable insights into the construction and
quality of homes, ensuring you make informed decisions whether you’re buying or
selling.
With three children of my own, I understand the importance of
finding the perfect home for your family. Let my skills and experience guide
you in your next real estate journey. Together, we can find the ideal property
that meets your needs and dreams.
Reach out today, and let's get started on making your real
estate goals a reality!