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675 Moraine Court | $1,600,000
Dan Jones* Agent Photo
Dan
Jones*
C. (250) 488-0226
 P. (250) 493-2244
 Phone Dan http://www.danjones.ca
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

%
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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

Dan Jones, Personal Real Estate Corporation - REALTOR®

Dan combines his love for the industry with his passion for education; for example, his diploma in Business Administration from Okanagan University College, Luxury Home Marketing Specialist Certificate, and EPro and Internet Marketing Specialist.  Dan was a Journeyman Carpenter for almost 20 years before getting into the real estate business in 2004.  He has worked on some great projects throughout his career, construction of custom homes, renovations, as well as some commercial jobs - the largest and most noted was the SkyDome in Toronto, Ontario.  

Dan is an active agent with Royal LePage Locations West, Penticton, BC, leading his team and representing buyers and sellers on a day-to-day basis.  He considers education – both clients and other real estate agents – an important part of his role as a REALTOR®.

 

Dan has received multiple awards at his office: Platinum, Diamond, Gold, and a 10 year achievement award for earning awards for the past 10 years. He has been a local Chamber of Commerce member since 2004.

Among the services he provides to his clients are a Customer Moving Van, professional photos and drone (aerial) photography/video of your property, and referring professional tradesman to help out when needed.

 

Social media helps us get to know each other, sometimes before we meet in person.  Dan is a social media and technology devotee ie: Facebook, Pinterest, LinkedIn, Twitter, Instagram, and You-Tube.  He is constantly educating himself on such subjects as real estate technology, building your business via social media, customer service and client retention. Dan is active with the South Okanagan Board of REALTORS® and the National Association of REALTORS®.

As a supporter of the SPCA, Dan has raised thousands of dollars for charity with his annual Pumpkin Giveaway event as well as a booth and donations at the annual Paws 4 A Cause walk. Although Dan was born in Aldergrove, BC, where he was raised on the family Poultry Farm where he first started working at the age of 5, picking eggs. He was taught that hard work was everything, and retains that value today.  Dan made the move the Okanagan in 1991 where he lives with wife in Penticton, BC.  He is an avid racer, and enjoys many other sports such as skiing, golf, and hiking.

 

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