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675 Moraine Court | $1,600,000
Tammy Schembri Agent Photo
Tammy
Schembri
C. (250) 442-9866
 Phone Tammy www.realestategrandforksbc.com
RE/MAX Four Seasons (Grand Forks)
1815b Central Avenue
 Grand Forks, BC
 Canada V0H 1H2

Details

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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

Born and raised in the Boundary area Tammy left only to return to the serenity of the sunshine valley in 2007. She enjoys all that the Grand Forks area has to offer such as floating down the Kettle River, taking her dog for a walk along the Trans Canada Trail or playing a round of golf at Christina Lake which makes for a perfect place to call home.

Being licensed since 2013 and her years of experience in public sales and customer service Tammy has the acquired knowledge, attention to detail and listening skills for a trustworthy professional that clients expect when buying or selling their property. Tammy strives to create comfortable and positive relationships with all her clients during the buying or selling process. 

Contact Tammy for a personal approach to guide you through the real estate experience.

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