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675 Moraine Court | $1,600,000
Rie Takahashi Agent Photo
Rie
Takahashi
C. (250) 851-2000
 P. (250) 374-3331
 Phone Rie http://www.inKamloops.com
RE/MAX REAL ESTATE (KAMLOOPS)
258 Seymour Street
 Kamloops, BC
 Canada V2C 2E5

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

Hi❣️ I’m Rie, a trusted Realtor in Kamloops with over 25 years of experience in the real estate business🤝

It's been an incredible journey helping over 500 families find their dream homes and ensuring their properties receive the attention they deserve, while supporting the Miracle Network for Children's Hospital with every successful transaction. My clients' trust, paired with my hard work, has earned me notable awards, including the Re/Max Lifetime Achievement and Platinum Club designations.

I moved from Japan to Kamloops in 1993 to attend university and instantly fell in love with the city. Having raised two children here, I know firsthand that Kamloops is a fantastic place to live and raise a family. My real estate journey began as a personal assistant, and I have been a licensed agent with Re/Max Kamloops for 19 years now.

My business philosophy is centered on Communication, Dedication, and Transparency. I am committed to providing exceptional service and am always available to answer your questions. Additionally, I've been supporting Children's Miracle Network & also organize the annual “Nicholas’s Youth Mental Health Run,” reflecting my dedication to giving back to the community.

If you’re looking for a knowledgeable and dedicated real estate agent to help you find your dream home or investment, contact me to start your real estate journey! ☀️🏡

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