Webber
492 Hwy 93/95
Invermere, BC
Canada V0A 1K2
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
I have been in the Columbia Valley for 17 years, raised 3 girls here, along with my wife of 25 years. The reason we chose to live here, simply put, is quality of life.
As an avid outdoors man, my knowledge of the Columbia Valley is vast. Whether you enjoy fishing, golfing, cycling or back country trails, allow me to help you achieve your quality of life.
Dedicated to providing the absolute best service and commitment to my clients is what drives me, I have been the service and hospitality industry for over 30 years, so I understand the hard work needed to create a comfortable relationship. I will work for you, whether buying or selling, the quality of transparent service you receive will be unparalleled.
Listing with Joe Webber will provide you with the best, up to date marketing program to ensure the best price and quickest sale.