- ©MLS 10353132
- Area 2451 sq ft
- Bedrooms 6
- Bathrooms 3
- Parkings 5
Description
Offering strong rental income and future redevelopment potential, this property is an excellent investment opportunity. 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 aid any future development in being a big success! Good rental revenue ensures that you can continue to rent out the property until the timing is right to redevelop or cash out. The increased Property Transfer Tax Exemption on new construction means that a buyer can now purchase an $850k townhouse with only $60k down if they are eligible for the GST and PTT exemptions. Furthermore, the latest change allowing high-ratio mortgages to amortize new construction over 30 years could result in said buyer’s mortgage payment being only $3.5k/mo (assuming a 3.09% 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:48970) Show More
Details
- Constructed Date: 1967
- Property Type: Single Family
- Type: House
- Access Type: Easy access
- Neighbourhood: Springfield/Spall
Ammenities + Nearby
- Golf Nearby
- Park
- Recreation
- Schools
- Shopping
- Golf Nearby
- Park
- Recreation
- Schools
- Shopping
Features
- Level lot
- Corner Site
- Two Balconies
- Mountain view
- Valley view
- View (panoramic)
- Refrigerator
- Dishwasher
- Dryer
- Range - Electric
- Washer
- Central air conditioning
- Forced air
- See remarks
Rooms Details For 3339 Bothe Road
| Type | Level | Dimension |
|---|---|---|
| Full bathroom | Basement | 6'7'' x 7'3'' |
| Bedroom | Basement | 8'1'' x 10'9'' |
| Bedroom | Basement | 11'0'' x 10'10'' |
| Kitchen | Basement | 13'3'' x 10'7'' |
| Dining room | Basement | 9'7'' x 11'2'' |
| Living room | Basement | 17'2'' x 10'10'' |
| Bedroom | Main level | 9'2'' x 9'3'' |
| Bedroom | Main level | 10'10'' x 9'2'' |
| Bedroom | Main level | 11'5'' x 9'6'' |
| Full bathroom | Main level | 7'0'' x 9'8'' |
| 3pc Ensuite bath | Main level | 3'0'' x 9'0'' |
| Primary Bedroom | Main level | 13'3'' x 14'2'' |
| Kitchen | Main level | 18'3'' x 10'4'' |
| Dining room | Main level | 9'6'' x 10'9'' |
| Living room | Main level | 17'9'' x 12'8'' |
Location
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Data provided by: Okanagan-Mainline Real Estate Board