Lewis
444 School Avenue, Box 220
Oliver, BC
Canada V0H 1T0
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
Mathew had always showed an interest in entrepreneurial activities and has a natural attraction to real estate. First Licensed in 2003, lots has changed in the real estate industry in British Columbia. In 2005 Mathew graduated with his Undergraduate Degree from the University of British Columbia. Mathew’s upbringing in the real estate industry has been one he has been around his entire life. A year after graduating University, Mathew and his mother Karen, founded RE/MAX Wine Capital Realty in downtown Oliver, BC in 2006. It is now the largest real estate company in Oliver and specializes in all facets of Real Estate including Property Management, Strata Management and of course, Real Estate Sales and Marketing. Mathew is driven and a sales leader: He prides in meeting and exceeding expectations and pushing the marketing envelope for both his customers and his brokerage. 16 years later, (2019) Mathew has been involved in the sale over a thousand of properties including residential, commercial, business, industrial and farming opportunities. Mathew has been fortunate enough to be a recipient of internationally recognized sales achievement awards for EVERY Year since 2005 in the Re/MAX International System. No Job is too big or small! In 2009, Mathew also obtained his Real Estate Broker’s Management License. In 2014 Mathew obtained the RE/MAX International Director's Platinum Award-- granted to less than 5% of all RE/MAX Agents WORLDWIDE-- Not Just in Canada! Recently in 2019, Mathew was awarded the Coveted RE/MAX Lifetime Achievement Award at the Re/MAX International Convention in Las Vegas, NV.
Mathew enjoys glam-ping (fancy camping), fishing, hunting, cooking and the great outdoors. Mathew loves to help out his community any way that he can. He is actively involved in the South Okanagan Sportsmen's Association as a director where he teaches the Outdoor Safety Program administered by the Province of BC on behalf of the BC Wildlife Federation. Mathew has just celebrated his 13th Wedding Anniversary with his wife, Jodie. Mathew and Jodie have two wonderful children-- the purpose in his life: Ripley aged 5 and Adrianna, 3. Mathew and his family live in Oliver and love it!