Interested in this listing?

Contact us for more information


Name
  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 1 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 2 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 3 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 4 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 5 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 6 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 7 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 8 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 9 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 10 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 11 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 12 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 13 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 14 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 15 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 16 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 17 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 18 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 19 - 10311452

    $1,000,000

  • 3339 Bothe Road, Kelowna, British Columbia  V1W 3M3 - Photo 20 - 10311452

    $1,000,000

Central Air Conditioning Forced Air, See Remarks Landscaped, Level

Offering a 1.89% assumable mortgage and strong rental income, this corner lot is the perfect holding property for future development. The land is already zoned to accommodate up to 6 townhouses and is located on a quiet street close to all that the South Pandosy neighbourhood has to offer—shopping, restaurants, beaches, schools, H2O Centre, public transit, and much more. Higher floors will enjoy beautiful pastoral views in almost every direction and will aide your future development in being a big success! Good rental revenue from the tenants in the existing house ensures that you can take your time perfecting your development plans and then build when the time is right. If the existing mortgage is assumed, the property will generate approximately $700/mo in positive cashflow until you are ready to redevelop it (based on current rental income and a 20% downpayment). The increased Property Transfer Tax Exemption on new construction means that a buyer can now purchase an $850k townhouse with less than $65k down if they included the GST in their mortgage. Furthermore, 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 $4k/mo (assuming 4% interest rate at time of project completion). Sample floor plans have been provided to demonstrate what is possible, but the extensive street frontage of this lot provides considerable flexibility to realize your own development vision. (id:51786)

  • Property Details
    MLS® Number 10311452
    Property Type Single Family
    Neigbourhood Lower Mission
    Amenities Near By Golf Nearby, Park, Recreation, Schools, Shopping
    Community Features Rentals Allowed
    Features Level Lot, Corner Site, Two Balconies
    Parking Space Total 5
    View Type Mountain View, Valley View, View (panoramic)
  • Building
    Bathroom Total 3
    Bedrooms Total 6
    Appliances Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
    Basement Type Full
    Constructed Date 1967
    Construction Style Attachment Detached
    Cooling Type Central Air Conditioning
    Exterior Finish Stucco, Wood Siding
    Flooring Type Ceramic Tile, Laminate
    Heating Type Forced Air, See Remarks
    Roof Material Asphalt Shingle
    Roof Style Unknown
    Stories Total 2
    Size Interior 2451 Sqft
    Type House
    Utility Water Municipal Water
    See Remarks
    Attached Garage 1
  • Land
    Access Type Easy Access
    Acreage No
    Land Amenities Golf Nearby, Park, Recreation, Schools, Shopping
    Landscape Features Landscaped, Level
    Sewer Municipal Sewage System
    Size Frontage 73 Ft
    Size Irregular 0.16
    Size Total 0.16 Ac|under 1 Acre
    Size Total Text 0.16 Ac|under 1 Acre
    Zoning Type Multi-family
  • Rooms
    Level Type Dimensions
    Basement Full Bathroom 6'7'' x 7'3''
    Basement Bedroom 8'1'' x 10'9''
    Basement Bedroom 11'0'' x 10'10''
    Basement Kitchen 13'3'' x 10'7''
    Basement Dining Room 9'7'' x 11'2''
    Basement Living Room 17'2'' x 10'10''
    Main Level Bedroom 9'2'' x 9'3''
    Main Level Bedroom 10'10'' x 9'2''
    Main Level Bedroom 11'5'' x 9'6''
    Main Level Full Bathroom 7'0'' x 9'8''
    Main Level 3pc Ensuite Bath 3'0'' x 9'0''
    Main Level Primary Bedroom 13'3'' x 14'2''
    Main Level Kitchen 18'3'' x 10'4''
    Main Level Dining Room 9'6'' x 10'9''
    Main Level Living Room 17'9'' x 12'8''
  • Utilities

Your Favourites

 

No Favourites Found