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3339 Bothe Road | $900,000
Jerri Van Prec* Agent Photo
Jerri
Van Prec*
C. (250) 319-7008
 P. (250) 374-1461
 Phone Jerri www.jerrivan.com
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 TypeResidential Development
Lot Size0.16 Acres
WaterfrontNo
Taxes $2,398
Tax Year2023
MLS® #10311461

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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Data Source: Statistics Canada
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

Jerri has been a Realtor® in Kamloops for the past 13 years granting her extensive knowledge of the Kamloops market. In 2014-2020 she was awarded the Diamond Award, in 2016 she was awarded the Lifetime Award of Excellent, and in 2017 she was awarded the Red Diamond Award from Royal LePage as one of the top real estate sales representatives in Canada.

Jerri currently works on award winning developments throughout the city of Kamloops and has been an integral part of the design and marketing of these developments. She is very educated on multi family sites, has a good understanding of Geo Thermal buildings, and Built Green construction. With her background in design she is able to help with staging homes and helping her clients see the potential in existing homes.

Jerri is well-known in the community with being an active member of the Canadian Home Builders Association – Central Interior, volunteering her time with the Y Dream Home. She has also been on the board of Project X Theatre: Theatre Under the Trees for the past 4 years. She continues to look for opportunities and help out within the community whenever possible.

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