McGinn
P. (250) 495-7441
Phone Eileen eileenmcginn@remax.net https://eileenmcginn.remax.ca/
8507 A Main St., Po Box 1099
Osoyoos, BC
Canada V0H 1V0
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
Eileen McGinn, a highly motivated and resourceful real estate professional serving the Osoyoos market and surrounding areas, is passionate about assisting buyers and sellers in achieving their real estate goals. She is known for providing top-notch service and treating each client as a priority. Her attention to detail and determination play an important role in her ability to match clients with their dream properties. She is a compassionate advocate as well as a tough negotiator, and she consistently achieves superior results for her clients.
A former Vice President with a publicly traded Corporation, Eileen brings recognized strengths in dealing with land development, housing, and financing. For her, though, it’s the outcomes she creates for her clients that matter most. Pairing white-glove service with the relentless drive to exceed her clients’ expectations, she guides every client with the expertise they need to make the best decision for their future.
As a Master Certified Negotiating Expert (MCNE), Eileen works hard in the best interest of her clients to provide a positive real estate experience each time. With over 35 years of experience in the industry, she has perfected the maxims of connecting people with excellent real estate opportunities. Using her vast local market knowledge, she has earned a Five Star Ranking from her clients through RankMyAgent.com and has achieved the REMAX Chairman’s Club, PLATINUM Club & 100% Awards. Eileen a member of prestigious REMAX Hall of Fame and the first recipient of the REMAX Community Citizenship award in in recognition of her outstanding community engagement and fundraising leadership.
----Remember When Buying or Selling a Home, Experience Has Its Rewards!
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