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675 Moraine Court | $1,600,000
Joy DeMelo Agent Photo
Joy
DeMelo
Joy DeMelo
C. (250) 368-1960
 P. (250) 368-5000
 Phone Joy jedemelo@telus.net jdemeloremax.ca
RE/MAX All Pro Realty
1252 Bay Avenue
 Trail, BC
 Canada V1R 4A6

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

Joy grew up in Trail as the youngest of five children and has spent her entire life living and working in the area. Before Joy jumped into the world of real estate, she held management positions with both The Bay and Zellers.

Having spent her entire life in the area, Joy’s knowledge of the local market and the amenities that each community has to offer is second to none. For Joy, a quote that summarizes her views on her job would be: “Choose a job you love, and you will never have to work a day in your life” – Confucious.

In her past time, Joy most enjoys being at home on her acreage in Fruitvale spending time with her dogs, as well as her two horses. In addition, maintaining her fabulous yard filled with plants of all sorts and ponds filled with fish is a great passion of hers. In the summers, she has for many years spent time over at the family’s cabin at Christina Lake. She looks forward to bringing “Joy” to your real estate experience!!

"Joy helped us buy our house! She worked super hard and we found a house that we love fast! Highly recommend her!!"
- Janine Philipoff Khadikin 

Joy is honored to have received multiple awards for her outstanding service and level of achievements.
Platinum Club - 2019
100% Club - 2018  
Platinum Club - 2017
RE/MAX Hall of Fame - 2017
100% Club - 2016
100% Club - 2015
MLS Silver Club Award - 2015
100% Club - 2014
MLS Silver Club Award - 2014
MLS Silver Club Award - 2013  
100% Club - 2012
Medallion Award - 2012

Contact Joy Demelo for all of your Real Estate needs.

C. (250) 368-1960
P. (250) 368-5000
jedemelo@telus.net

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