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3339 Bothe Road | $900,000
Heather Holdener Agent Photo
Heather
Holdener
C. (250) 777-4203
 P. (250) 352-3581
 Phone Heather heatherholdener@gmail.com www.heatherholdenerrealty.com
COLDWELL BANKER ROSLING REAL ESTATE (NELSON)
593 Baker Street
 Nelson, BC
 Canada V1L 4J1

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 would 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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THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

Heather is a fourth-generation Kootenay girl. After experiencing the warm sense of community that Nelson offers, her and her husband moved here twenty years ago to raise a family. Heather has a strong background in retail sales management. She is a true entrepreneur at heart and has owned a few of her own small business over the years. Like many Kootenay folks, Heather enjoys an active lifestyle and teaches local fitness classes that offer great balance in her life.

 

Heather has passion and drive in doing the best in whatever task she is undertaking. She is exceptionally organized and pays attention to detail and prides herself on honesty and integrity. When it comes to customer service, Heather shines. She is thoughtful and listens with a caring heart and believes in looking out for her clients first and foremost.


Having been a renter, homeowner and recently worked with a rent to own company, Heather is familiar with all aspects of buying and selling residential and rural properties. She loves working with families new to the Kootenays, first time home buyers, and those looking to upsize to a bigger home or property.

Heather looks forward to working with you!

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