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3339 Bothe Road | $900,000
Sarah Lee Prec* Agent Photo
Sarah
Lee Prec*
C. (250) 572-5893
 P. (250) 374-1461
 Phone Sarah
ROYAL LEPAGE WESTWIN REALTY
800 Seymour Street
 Kamloops, BC
 Canada V2C 2H5

Details

%
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

Prior to entering into the real estate profession, Sarah Lee had worked as a curriculum writer and head instructor, teaching English as a second language (ESL) for 20 years. From her teaching and marketing experience in the past, Sarah feels grateful of taking advantages of having utilized an educative approach and marketing skills in this tremendous real estate business.

Sarah is a firm believer in that Real Estate, is not about houses; rather it is completely about real people and their emotions attached to their home or a home they purchase. Only with a thoroughly planned and organized master plan of the selling and the buying process, is it possible to integrate a client’s real estate goals, needs, wants, and dreams in a transaction.

Sarah believes in what she does in putting each client’s best interest and satisfaction first. Call Sarah today at 250-572-5893 for making a best move!

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