Map location of 3339 Bothe Road, Kelowna, BC V1W3M3
$950,000
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3339 Bothe Road, Kelowna, BC V1W3M3

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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 offershopping, 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 $700/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 buyers 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. (id:55598)

Listing By: Kattlin Stass - Century 21 Assurance Realty Ltd
Listing provided courtesy of Canadian Real Estate Association
  • MLS® 10311461
  • Date Listed04/30/2024
  • Days on Realty 140 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Sewer Public Sewer
  • Subdivision Springfield/Spall
  • Property Type Land
  • Water Public

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Landscaped, Level

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Walkability in BC / V1W3M3

Source: Walkscore

67/100

Somewhat Walkable

Walk Score ®

47/100

Some Transit

Transit Score ®

76/100

Very Bikeable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

11 nearby routes: 11 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 34/100, Transit Score: 34/100, Bike Score: 60/100.

Points of interest near 3339 Bothe Road, Kelowna, BC V1W3M3

Esso, Kelowna, BC, Canada

Transport Professional

448 m

Distance

475 m

Distance

0.56 km

Distance

0.64 km

Distance

166 m

Distance

445 m

Distance

0.59 km

Distance

0.61 km

Distance

189 m

Distance

390 m

Distance

272 m

Distance

0.55 km

Distance

0.57 km

Distance

Frequently Asked Questions for 3339 Bothe Road

Source: Realty.com

3339 Bothe Road, Kelowna, BC V1W3M3 is a Land, Land property listed for $950,000 The property is 0 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 20 photos of 3339 Bothe Road.

The full address for this home is 3339 Bothe Road, Kelowna, BC V1W3M3.

3339 Bothe Road has been listed on Realty.com since Tue April 30, 2024

Some errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 34/100, Transit Score: 34/100, Bike Score: 60/100.

Listing provided courtesy of: Century 21 Assurance Realty Ltd (tel: (250) 869-0101)
Listing agent: Kattlin Stass (tel: (250) 869-0101)

This content last refreshed on 2024-09-17 19:55:22. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 3339 Bothe Road, Kelowna, BC V1W3M3 : MLS® 10311461

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