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675 Moraine Court | $1,600,000
Janet Herron* Agent Photo
Janet
Herron*
C. (250) 486-1907
 P. (833) 817-6506
 Phone Janet http://www.HerronHomes.ca
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

About Janet

Janet’s inspiration as a full service real estate professional is driven by “Creating Happy Clients”!  She services the South Okanagan and connects buyers and sellers to help fulfill their real estate needs in a professional and friendly way.  She is also an licensed insurance & financial processional so she can advise her clients on ways to protect their families, their assets and on creative opportunities to make their hard earn money work for them.

As a natural people person, she is inspired daily with her work because it changes constantly with every person she meets. “I focus on providing the best service possible in a time when service is being forgotten.  This inspires me to learn more, to be better at what I do, and provide better service.”

Janet first came to the Okanagan in 2008 on a holiday with her husband, who was raised in Penticton, she immediately loved everything about Penticton: the people, the picturesque sceneries of lake, mountains and valleys, the weather, and of course the food and the wine.    “This is a great community with all the necessary amenities to compliment the small town feel.  I love that you can walk down the street and be greeted with a nice hello.  This is truly a place to stay forever!”

I welcome you to come and explore the South Okanagan…


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