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675 Moraine Court | $1,600,000
Nolan Pastoor Prec* Agent Photo
Nolan
Pastoor Prec*
The Pastoor Group
 C. (250) 574-2974
 P. (250) 374-1461
 Phone Nolan http://www.nolanpastoor.com
ROYAL LEPAGE WESTWIN REALTY
800 Seymour Street
 Kamloops, BC
 Canada V2C 2H5

Details

%
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Years



Address 675 Moraine Court
AreaCentral Okanagan
Sub AreaRS - Rutland South
State/ProvinceBritish Columbia
CountryCanada
Price$1,600,000
Property TypeSingle Family - Detached
Bedrooms4
Bathrooms4
Half Baths1
Floor Space2834 Square Feet
Lot Size0.47 Acres
WaterfrontNo
Year Built1968
Taxes $5,237
Tax Year2024
MLS® #10318295

Located on a quiet street in the desirable Spring Valley neighbourhood, this sizeable 0.47 acre lot is the perfect site for your future townhouse development. The city supports rezoning this parcel to MF2 to accommodate up to 20,400sq ft GFA (Base FAR: 1.0). At two stories in height, this property can comfortably accommodate 14x 1,300sq ft townhouses, but greater density could be achieved if building up a 3rd story (up to FAR: 1.3 possible w/ Public Amenity or Rental Bonus). The existing house and sizeable workshop will provide solid rental income while you are perfecting your development plans, and proximity to shopping, restaurants, schools, parks, Mission Park Greenway, Orchard Park Mall, Costco, public transit, and much more will aide your future development in being a big success! The Property Transfer Tax Exemption on new construction means that a buyer can purchase a $650k townhouse with less than $45k down if they included the GST in their mortgage, and 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 $3k/mo (assuming 3.5% interest rate at time of project completion). Sample floor plans have been provided to demonstrate what is possible, but the size and shape of this lot affords considerable flexibility to realize your own development vision.

Listed by CENTURY 21 ASSURANCE REALTY LTD

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About

Away from the office I am a husband and proud father. My wife Lindsay and I have five children, Anneka, Madolyn, Maksim, Arya and Natalya and we absolutely LOVE being parents and spending time with them. Living in Kamloops since 1993 has allowed me and my family to take advantage of the wonderful lifestyle our city has to offer.

Actively being involved in the community over the years has provided many benefits in building my business: I have come to know the city, and have been able to keep informed on current local issues. I have learned what each area and neighbourhood has to offer. And most importantly, I have developed relationships with many people within our city- those I have been able to work with in buying or selling real estate, and other professionals in various areas who are able to assist me and my clients.

If you are thinking of buying or selling real estate in Kamloops, or have any real estate related questions, please feel free to contact me anytime. I would love the opportunity to work with you.

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