675 Moraine Court | $1,600,000
Paul Glassford* Agent Photo
Paul
Glassford*
C. (250) 341-1395
P. (250) 341-6044
Phone Paul www.paulglassford.ca
MaxWell Rockies Realty
1214 7th Avenue Box 2280
Invermere, BC
Canada V0A 1K0

Details

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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

Hello and welcome to my site, with 21 years of being a full time Realtor in the Windermere Valley working for Buyers and Sellers I have great experience in finding People the perfect property for their needs and wants, Sellers need experience in dealing with negotiating the right deal for them to move onto their next stage in life. Being part of the RE/MAX Hall , Platinum Club, are all part of the portfolio I bring with myself to help in making Buying or Selling a wonderful experience in an exciting time of your life. Now The Best Part is I am now with MaxWell Realty and a wonderful group of like minded Realtors (R) working as a fantastic well experienced team.

Thank you

Paul