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675 Moraine Court | $1,600,000
Gord Marshall Agent Photo
Gord
Marshall
C. (250) 265-1862
 P. (250) 265-3635
 Phone Gord www.selkirkrealty.com
Royal LePage Selkirk Realty
306 Broadway Street Po Box 40
 Nakusp, BC
 Canada V0G 1R0

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

Nakusp has been my home for the past 63 years. I love it here! We have all of the essential amenities and the Arrow Lakes Valley is truly a 4 season playground. I have been married for 36 years and we have 4 great kids. We have been involved in minor hockey, soccer and baseball over the years; as well as, 18 years on the Mixed Slo-Pitch Society. I am proud to have been involved in maintaining and building our ball fields. I'm still strapping on the pads for the Old Timer's Hockey Club and I also belong to the Badminton Club. My other interests include camping, boating, quadding, snowmobiling, gardening & hobby farming. I have enjoyed being a REALTOR ® for 31 years. Prior to that, I was a carpenter for 15 years. I believe my background in construction has helped me with the marketing of old and new houses alike. I strive to represent all of my clients respectfully and fairly, in a professional manner. Contact me today!

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