- British Columbia
- Kelowna
3339 Bothe Rd
CAD$1,000,000 Sale
3339 Bothe RdKelowna, British Columbia, V1W3M3
635| 2451 sqft
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ID10311452
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Detached
RoomsBed:6,Bath:3
Square Footage2451 sqft
Land Size0.16 ac|under 1 acre
AgeConstructed Date: 1967
Listing Courtesy ofCentury 21 Assurance Realty Ltd
Detail
Building
Bathroom Total3
Bedrooms Total6
AppliancesRefrigerator,Dishwasher,Dryer,Range - Electric,Washer
Construction Style AttachmentDetached
Cooling TypeCentral air conditioning
Exterior FinishStucco,Wood siding
Fireplace PresentFalse
Flooring TypeCeramic Tile,Laminate
Half Bath Total0
Heating TypeForced air,See remarks
Roof MaterialAsphalt shingle
Roof StyleUnknown
Size Interior2451 sqft
Stories Total2
Utility WaterMunicipal water
Basement
Basement TypeFull
Land
Size Total0.16 ac|under 1 acre
Size Total Text0.16 ac|under 1 acre
Access TypeEasy access
Acreagefalse
AmenitiesGolf Nearby,Park,Recreation,Schools,Shopping
Landscape FeaturesLandscaped,Level
SewerMunicipal sewage system
Size Irregular0.16
Parking
See Remarks
Attached Garage1
Surrounding
Community FeaturesRentals Allowed
Ammenities Near ByGolf Nearby,Park,Recreation,Schools,Shopping
View TypeMountain view,Valley view,View (panoramic)
Zoning TypeMulti-Family
Other
FeaturesLevel lot,Corner Site,Two Balconies
BasementFull
FireplaceFalse
HeatingForced air,See remarks
Remarks
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:22211)
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Location
Province:
British Columbia
City:
Kelowna
Community:
Lower Mission
Room
Room
Level
Length
Width
Area
Full bathroom
Bsmt
2.01
2.21
4.44
6'7'' x 7'3''
Bedroom
Bsmt
2.46
3.28
8.07
8'1'' x 10'9''
Bedroom
Bsmt
3.35
3.30
11.05
11'0'' x 10'10''
Kitchen
Bsmt
4.04
3.23
13.05
13'3'' x 10'7''
Dining
Bsmt
2.92
3.40
9.93
9'7'' x 11'2''
Living
Bsmt
5.23
3.30
17.26
17'2'' x 10'10''
Bedroom
Main
2.79
2.82
7.87
9'2'' x 9'3''
Bedroom
Main
3.30
2.79
9.21
10'10'' x 9'2''
Bedroom
Main
3.48
2.90
10.09
11'5'' x 9'6''
Full bathroom
Main
2.13
2.95
6.28
7'0'' x 9'8''
3pc Ensuite bath
Main
0.91
2.74
2.49
3'0'' x 9'0''
Primary Bedroom
Main
4.04
4.32
17.45
13'3'' x 14'2''
Kitchen
Main
5.56
3.15
17.51
18'3'' x 10'4''
Dining
Main
2.90
3.28
9.51
9'6'' x 10'9''
Living
Main
5.41
3.86
20.88
17'9'' x 12'8''