Simpson*
302 Eckhardt Avenue West
Penticton, BC
Canada V2A 2A9
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
Shannon Simpson epitomizes honesty, energy, hard work, and meticulous detail into every aspect of your real estate transaction. Having thirty years of sales and marketing experience in a variety of leadership roles across Canada, he is eager to bring his strong business background and negotiating skillset to every RE/MAX client he represents, both from a “sellers” and “buyers” perspective.
Before joining the RE/MAX team, Simpson held positions as Publisher & General Manager, Advertising Sales Director, Marketing Director, and Sales & Service Director. He prides himself on a keen ability to drive sales and customer satisfaction while helping his clients become more successful along the way. Communicator, strategic partnership leader, facilitator, and community advocate are words easily associated with Simpson in his daily work life.
He jumped at the opportunity to join RE/MAX and their talented group of high-performing professionals. He is acutely aware of the dynamics and diversity that make up the very competitive Okanagan Valley real-estate landscape, having spent time in all three major cities of Penticton, Kelowna, and Vernon. He is committed to bringing the same level of professionalism, consistency, and passion to every client, customer, and sales associate he has the pleasure to work with.
Shannon is married to his wife Liza, and together they have three sons. He is an avid golf enthusiast and has spent many weekends over the past few years with Liza on the golf course watching the boys compete in golf tournaments across Western Canada.
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