3D Showcase allows you to walk through the property in 3d
Slessor
191 Baker Street
Nelson, BC
Canada V1L 4H1
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 $700/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
I would like to introduce myself. Thank you for taking the time to visit my web site.
Moving to the Trail area in 1990 I wanted a healthy atmosphere for my children to experience their childhood in. It has been an excellent choice with the opportunities they have had. Whatever sport they were interested in has been available to them and they have developed a healthy appreciation for the out doors and community living.
In 2004 with the maturity of my sons (the oldest graduating from high school) I felt it was time to branch out in a career that had always interested me but that I didn't have the flexibility of time to do, and have never looked back. My 30 years of experience in sales, marketing and service as well as 9 years in business management has prepared me well for my career and I thoroughly enjoy my work.
I love assisting my clients and friends in their Real Estate ventures and have won awards every year for my efforts. I make myself available and try to make the process as enjoyable as possible. Why shouldn't the purchase or sale of your property be a fabulous experience? I dedicate myself to treating my clients with the same care and expertise I would wish.
I would be pleased to work with you or any one you know.
Call me I have the Key!