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![Sarah Lee Prec* Agent Photo](https://van-media.xposureapp.com/user/1/37/15137_1520051699769.jpeg)
Lee Prec*
800 Seymour Street
Kamloops, BC
Canada V2C 2H5
![ROYAL LEPAGE WESTWIN REALTY Logo](https://van-media.xposureapp.com/company_landscapeshort/7/82/14782_1541449288585.png)
Details
Address | 675 Moraine Court |
Area | Central Okanagan |
Sub Area | RS - Rutland South |
State/Province | British Columbia |
Country | Canada |
Price | $1,600,000 |
Property Type | Single Family - Detached |
Bedrooms | 4 |
Bathrooms | 4 |
Half Baths | 1 |
Floor Space | 2834 Square Feet |
Lot Size | 0.47 Acres |
Waterfront | No |
Year Built | 1968 |
Taxes | $5,237 |
Tax Year | 2024 |
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
Location
About
Prior to entering into the real estate profession, Sarah Lee had worked as a curriculum writer and head instructor, teaching English as a second language (ESL) for 20 years. From her teaching and marketing experience in the past, Sarah feels grateful of taking advantages of having utilized an educative approach and marketing skills in this tremendous real estate business.
Sarah is a firm believer in that Real Estate, is not about houses; rather it is completely about real people and their emotions attached to their home or a home they purchase. Only with a thoroughly planned and organized master plan of the selling and the buying process, is it possible to integrate a client’s real estate goals, needs, wants, and dreams in a transaction.
Sarah believes in what she does in putting each client’s best interest and satisfaction first. Call Sarah today at 250-572-5893 for making a best move!