675 Moraine Court | $1,600,000
Taras Kinash* Agent Photo
Taras
Kinash*
C. (250) 328-2881
 P. (833) 817-6506
 Phone Taras https://pentictonrealty.com/
EXP REALTY
645 Main Street
 Penticton, BC
 Canada V2A 5C9

Details

%
Years (35 year max)
Years



Address 675 Moraine Court
AreaCentral Okanagan
Sub AreaRS - Rutland South
State/ProvinceBritish Columbia
CountryCanada
Price$1,600,000
Property TypeSingle Family - Detached
Bedrooms4
Bathrooms4
Half Baths1
Floor Space2834 Square Feet
Lot Size0.47 Acres
WaterfrontNo
Year Built1968
Taxes $5,237
Tax Year2024
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

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About

Kinash Real Estate Group | Your Key to Penticton Realty

The Kinash Real Estate Group at EXP Realty is one of the most respected and sought after real estate sales teams in the South Okanagan region. The ‘KIN’ team is made up of experienced REALTOR® Taras Kinash and Executive Unlicensed Assistant, Zara Kinash.

Our intention is always to deliver expert real estate advice and service. If positioned properly and with the right real estate purchase / sale strategy, you will benefit in developing opportunities to improve wealth, health and lifestyle. Our desire is to assist you, offer you our specialist expertise, and be part of your story not only as your Real Estate Advisors, but also as friends in the community.

All we ask is for you to put your trust in us and we will deliver!


Taras Kinash | New Homes & Developments Expert

The built environment industry is one that excites me every day. With over a decade of academic and work experience in the real estate field, I feel very fortunate to say I love what I do and I am excellent at what I do.

My interest in real estate began at an early age. I was especially drawn to the business of real estate and the creative aspect of architectural design. To be an expert consultant in Real Estate, I have always believed that one requires experience within the entire scope of the Built Environment. In order to represent an individual in the purchase of land/buildings, the representative should be able to comprehend the conditions of land and understand how building structures are assembled.

A student of Building Design at the University of British Columbia, Vancouver. A graduate of Bsc City Planning & Property Development at Nottingham Trent University, England. A practitioner of building design. A practitioner of real estate development. A practitioner of real estate purchase and sales. I am very proud to say I embody all of these credentials.


Proud to be Living the Okanagan Life

I believe my family and I live in the most beautiful part of the world, the South Okanagan, BC, Canada. Everyday we wake up feeling blessed to live in a community of people who genuinely love where they live as much as we do. With incredible weather in the fall, spring and summer, and the serene landscapes of the Okanagan Valley year round, there is no better place to call home. Did I forget to mention we live in Wine Country… delicious!

I moved to the South Okanagan from Vancouver at the beginning of 2013. I had enjoyed what the South Okanagan had to offer part-time in 2012, and I made the decision to move permanently with the intent of pursuing love and happiness. My dreams were soon realized after finding my soulmate and wife, Zara, and shortly after, having our daughter Lilya Karma. 4 years later the family is complete with the arrival of baby Luka Cayo.

It feels so rewarding to know that my family and I grow and make our memories in the beautiful South Okanagan. We have so far made the most treasured friends and we look forward to making many more.

For existing Penticton residents, I can not wait to meet you! For those of you interested in moving to the South Okanagan region, please do not hesitate... I promise it will be worth it. Don’t hesitate to contact me anytime and please be sure to review my Client Success Stories.


A few random facts about TK:

  • Born and raised in England. Moved to Canada at the age of 21 and has not looked back since.

  • Graduated from Nottingham Trent University, England, achieving a Bachelor Degree in City Planning & Property Development.

  • Attended the University of British Columbia and studied Building Design.

  • Taras’ passion project is developing and growing his Design & Build company KIN Homes.

  • In 1 month, ran 10 certified marathons and 5 certified ½ marathons in the USA, and raised money for the Multiple Sclerosis Society.

  • My favourite pastime is to drink wine and create music with my very talented wife #ZaraTaylor.

  • Every week I look forward to Sunday mornings, lying in bed with wife and kids in each arm watching a family movie.

  • A shared goal with my wife is to pass the Wine & Spirit Education Trust (WSET) Courses.