Roberts
306 Broadway Street Po Box 40
Nakusp, BC
Canada V0G 1R0
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
I have lived in Nakusp since 1971 and have been a REALTORĀ® in this area for over 30 years. I am very familiar with our beautiful Kootenay community and all it has to offer. I purchased Royal LePage Selkirk Realty in 2010. We have a great group of dedicated agents and very knowledgeable staff that help our clients in every way possible. You will always be greeted with a friendly smile, and treated with the total respect you deserve, honesty, and yes....of course some humour! I am a mother of 5, and Gramma of 12, and I enjoy every minute - there's nothing better than family time!
I enjoy meeting new people, helping out our community, and talking about what makes our community so special and why you should live here.
I love being a REALTORĀ® and enjoy everything that goes along with this profession. Whether you are a first time buyer, simplifying to a smaller home, or looking for you "dream home" or investment property I will work for you to make this happen, and be there for you every step of the way. Thinking of selling? I'll help you through this process from start to finish. My goal is to work "for you", help to alleviate the stress, and make your Real Estate experience a positive one!