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675 Moraine Court | $1,600,000
Indy Bal* Agent Photo
Indy
Bal*
C. (778) 220-4639
 P. (250) 374-3331
 Phone Indy http://www.indybal.com/
RE/MAX REAL ESTATE (KAMLOOPS)
258 Seymour Street
 Kamloops, BC
 Canada V2C 2E5

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

I am a full time professional dedicated to offering hard work, honesty, integrity and enthusiasm; while focusing on listening carefully to my Buyer’s and Seller’s needs.  I have over a decade of experience and all the necessary tools that are essential to giving my clients every advantage possible in today's market. With RE/MAX, I am able to offer international exposure and maintain the competitive edge that you expect from your agent. With over 700 transactions in commercial and residential real estate, I have a proven history of experience and success that will get your home sold and the house you want for the best price.  

Professional Recognition and Awards

  • RE/MAX Real Estate Kamloops Top 3 REALTOR® – 2021, 2022
  • RE/MAX Real Estate Kamloops Top 5 REALTOR® – 2019, 2020
  • RE/MAX Titan Award 2022
  • KADREA Top 5 Agent -2021
  • KADREA Top 10 Agent – 2018, 2019, 2020, 2022
  • RateMyAgent.com – Top 10 Agent – 2019, 2020
  • RE/MAX Diamond Award - 2021
  • RE/MAX Chairman’s Club Award 2018, 2019, 2020
  • RE/MAX Real Estate Kamloops Top 10 REALTOR® – 2018
  • Royal LePage Diamond Award 2014, 2015, 2016 & 2017
  • Royal LePage Director’s Platinum Award 2010, 2011, 2012 & 2013
  • Royal LePage Westwin/Kamloops Top 10 REALTOR® – 2010 – 2017
I will not just assist you to buy or sell a piece of property, I will help you make your real estate dreams come true. To experience the quality, service and expertise you deserve, contact me today to discuss your housing needs. 

Indy Bal Personal Real Estate Corporation 
Office 250-374-3331
Cell 778-220-4639
Email indy@indybal.com
 
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"trading services" means any of the following services provided to or on behalf of a party to a trade in real estate:

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