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675 Moraine Court | $1,600,000
Tanya Grant Agent Photo
Tanya
Grant
C. (250) 864-8484
 P. (250) 717-5000
 Phone Tanya tanyagrant.ca
RE/MAX KELOWNA
100 - 1553 Harvey Avenue
 Kelowna, BC
 Canada V1Y 6G1

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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Data Source: Statistics Canada
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About

Being a business owner since 1995 has helped me focus on providing excellent customer service. My attention to detail and organizational skills are second to none. I excel at identifying my clients' needs and helping them achieve their goals. I am a student of negotiations with my Master Certified Negotiation Expert ( MCNE) designation.

 I am constantly striving to further my education, bringing even more skills and value to the table. Several years ago,  I obtained my Certified Luxury Home Marketing Specialist Designation. (CLHMS) I have custom built and renovated numerous personal homes and investment properties, while working with builders, contractors, and various trades. Having lived in major centres, in the isolated North, and small towns across the country, I am more convinced every day that Kelowna is, without a doubt the best place in Canada to call home!!

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