Sinicin*
645 Main Street
Penticton, BC
Canada V2A 5C9
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
Sergej was born in Riga, Latvia. At the young age of 16, he ventured out on his own and moved to Canada with only $200 in his pocket. He later married a local girl from Saskatchewan and together they worked tirelessly to build and establish several successful businesses. Destined for new beginnings, Sergej and his wife, Laura, capitalized and sold two of their companies in 2012, planning to retire in the heart of the beautiful Okanagan (Penticton) at an early age of 34.
Applying his "3-D" principles (Discipline/Desire/Dedication) along with his core values of integrity, accommodating the needs of his clients, and delivering “Above-and-Beyond” service, Sergej has been successful in all of his past business endeavors.
Sergej has a strong background in house construction, metal fabrication, sales, and marketing. His fluency in English, Russian and Latvian has been supportive in his experience, allowing him to improve business relationships with foreign clients. Another one of Sergej's core values is to give back to the community, which led him to join a local volunteer Fire Department in 2013. He is very passionate about this and feels fortunate to be a part of such an elite group of people.
The beautiful outdoors is one of the main reasons Sergej moved to the Okanagan with his family. In winter he enjoys carving through deep powder at Apex; in summer you may find him on the water, behind a boat, enjoying a 'skookum wake' while surfing with friends and family.
Sergej Sinicin is a member of the Canadian Real Estate Association and subscribes to its strict Code of Ethics.