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
Want a resilient, compassionate and knowledgeable agent to help you buy or sell real estate in Kamloops and area? Lisa is who you should contact!
Earning Rookie of the Year along with the Sales Achievement award in her first year, and Diamond or Red Diamond award every year since, Lisa puts everything into selling your property for the highest dollar in the shortest amount of time OR finding your dream property.
Lisa was born and raised in Saskatoon, SK and moved to Victoria, BC as a 17 year old. Living independently in a new city, she quickly learned the value of hard work, independence and resilience. 13 years later, after completing high school and four years of CGA schooling, working in public practice and starting a family with the arrival of her son in 2001, she moved on to her favorite city, Kamloops, BC….which instantly became ‘home’.
In 2003, her daughter arrived, and with her, came the urge to work from home. For 14 years, she was with a prominent Canadian direct selling business, learning the art of negotiation, networking, marketing and developing her skills as an entrepreneur, businesswoman and individual. She can’t wait to use these skills to help you reach your Kamloops Real Estate goals, whether buying, selling or leasing! Married now, with two step-children who were also raised in Kamloops, she enjoys Kamloops and all it has to offer – outdoor fun with her family and pup, fitness, and amazing people!
Throughout the years she has always given back to the community with donations in time and money to fundraisers such as Ducks Unlimited, KMHA teams, SPCA, Heart and Stroke, Relay for Life along with many others. One of the main organizations she currently supports is Royal LePage’s Shelter Foundation where she has been in the Top 10% of all supporters across Canada, which helps locally at the Kamloops Y Women’s Shelter. Lisa has also contributed to Kamloops’ Real Estate Association by serving on the Education Committee. Giving back has always been important and remains so today, which is why she donates to any charity of her client’s choice for every Buyer or Seller who completes a real estate transaction.