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3339 Bothe Road | $900,000
Nolan Pastoor Prec* Agent Photo
Nolan
Pastoor Prec*
The Pastoor Group
 C. (250) 574-2974
 P. (250) 374-1461
 Phone Nolan http://www.nolanpastoor.com
ROYAL LEPAGE WESTWIN REALTY
800 Seymour Street
 Kamloops, BC
 Canada V2C 2H5

Details

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Years (35 year max)
Years



Address 3339 Bothe Road
AreaCentral Okanagan
Sub AreaSFS - Springfield/Spall
State/ProvinceBritish Columbia
CountryCanada
Price$900,000
Property TypeSingle Family - Detached
Bedrooms6
Bathrooms3
Half Baths0
Floor Space2451 Square Feet
Lot Size0.16 Acres
WaterfrontNo
Year Built1967
Taxes $2,398
Tax Year2023
MLS® #10311452

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 $1,200/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.

Listed by CENTURY 21 ASSURANCE REALTY LTD

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About

Away from the office I am a husband and proud father. My wife Lindsay and I have five children, Anneka, Madolyn, Maksim, Arya and Natalya and we absolutely LOVE being parents and spending time with them. Living in Kamloops since 1993 has allowed me and my family to take advantage of the wonderful lifestyle our city has to offer.

Actively being involved in the community over the years has provided many benefits in building my business: I have come to know the city, and have been able to keep informed on current local issues. I have learned what each area and neighbourhood has to offer. And most importantly, I have developed relationships with many people within our city- those I have been able to work with in buying or selling real estate, and other professionals in various areas who are able to assist me and my clients.

If you are thinking of buying or selling real estate in Kamloops, or have any real estate related questions, please feel free to contact me anytime. I would love the opportunity to work with you.

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