3D Showcase allows you to walk through the property in 3d
Hole Prec*
800 Seymour Street
Kamloops, BC
Canada V2C 2H5
Details
Address | 3339 Bothe Road |
Area | Central Okanagan |
Sub Area | SFS - Springfield/Spall |
State/Province | British Columbia |
Country | Canada |
Price | $900,000 |
Property Type | Single Family - Detached |
Bedrooms | 6 |
Bathrooms | 3 |
Half Baths | 0 |
Floor Space | 2451 Square Feet |
Lot Size | 0.16 Acres |
Waterfront | No |
Year Built | 1967 |
Taxes | $2,398 |
Tax Year | 2023 |
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
Location
3D Showcase
About
Melissa was born and raised in the North Thompson area, at the gateway of Wells Gray Park in Clearwater. When she turned 10 she began figure skating day after day and eventually started competing throughout the province. Very dedicated to this sport she graduated high school and auditioned for Disney on Ice. Melissa was accepted right away and was off to go touring, leaving for Florida and continued on skating with Disney for 3 years. She travelled all over North America, Japan, Mexico, and Australia performing for audiences as large as 10,000 people. While she was away living out of a suitcase and staying in hotels week after week, she began to realize how important "home" really was. She purchased her first investment home the second year she toured, knowing that her hard earned money was being spent wisely. This was the beginning of a new career. Melissa ended her career with Disney and decided she had a new passion. A new passion for real estate. Melissa actively sells Real Estate in the North Thompson/Kamloops & surrounding areas and is very committed to making the purchase or sale of your home easy, worry free and successful. Over the years of being very dedicated to her career, Melissa has had the opportunity to work with all types of transactions, including Court Ordered Sales, Foreclosures, Estate Sales, Farms, Recreation Properties, Commercial, Strata, & standard Residential. She takes pride in always upgrading her education & knowledge for every complex transaction that comes her way. Melissa strives to build long lasting relationships with her clients and looks forward to working with new clients everyday. Melissa always says "It's a lifestyle, not a job!".