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3339 Bothe Road | $900,000
Scott McDowell* Agent Photo
Scott
McDowell*
P. (250) 374-1461
 Phone Scott http://www.mcdowellgroup.ca
ROYAL LEPAGE WESTWIN REALTY
800 Seymour Street
 Kamloops, BC
 Canada V2C 2H5

Details

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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

Scott was born and raised in this beautiful city, Kamloops.  Having spent a majority of his life in the city he grew a great appreciation for the neighbourhoods, recreation, community and general small town feel of Kamloops.   He attended Thompson Rivers University where he graduated with a degree in accounting.  Shortly after university Scott was given the opportunity to work in Real Estate and never looked back.  While starting out in real estate he met his beautiful wife, Brittney, and they have a little toddler, Grey.  When he is not hard at work servicing his clients you can find him around town with his family, enjoying the beautiful Kamloops outdoor lifestyle, hitting the slopes at Sun Peaks, on one of the many stunning local golf courses or enjoying one of the many amazing local restaurants we have to offer. He has a strong passion for the area and loves to share his enthusiasm with his clients.

Scott prides himself on his customer service and providing his clients with amazing results. He looks forward to making your buying or selling experience positive and seamless and showing his clients all that Kamloops has to offer. Scott is driven, passionate, eager and is always there to support her clients, friends and family.

What do you love about Real Estate?

I love building and cultivating amazing relationships by working above and beyond for my clients.  Representing my Buyer's I work my hardest to find them the perfect house, on or off the market, and get the best deal possible.  With Seller's I pride myself on helping to put them in a position to succeed from start to finish.  Whether it's home preparation, maximum exposure or negotiating a great deal, I want my Seller's to start their next stage of their life happy and with more money in their pocket!

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