3339 Bothe Road Kelowna, British Columbia V1W 3M3

$900,000

Offering strong rental income and future redevelopment potential, this property is an excellent investment opportunity. 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 offer—shopping, restaurants, beaches, schools, H2O Centre, public transit, and much more. Higher floors will enjoy beautiful pastoral views in almost every direction and will aid any future development in being a big success! Good rental revenue ensures that you can continue to rent out the property until the timing is right to redevelop or cash out. The increased Property Transfer Tax Exemption on new construction means that a buyer can now purchase an $850k townhouse with only $60k down if they are eligible for the GST and PTT exemptions. Furthermore, the latest change allowing high-ratio mortgages to amortize new construction over 30 years could result in said buyer’s mortgage payment being only $3.5k/mo (assuming a 3.09% 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:46156)

Property Details

MLS® Number	10353132
Property Type	Single Family
Neigbourhood	Springfield/Spall
Amenities Near By	Golf Nearby, Park, Recreation, Schools, Shopping
Features	Level Lot, Corner Site, Two Balconies
Parking Space Total	5
View Type	Mountain View, Valley View, View (panoramic)

Building

Bathroom Total	3
Bedrooms Total	6
Appliances	Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
Basement Type	Full
Constructed Date	1967
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Stucco, Wood Siding
Flooring Type	Ceramic Tile, Laminate
Heating Type	Forced Air, See Remarks
Roof Material	Asphalt Shingle
Roof Style	Unknown
Stories Total	2
Size Interior	2,451 Ft2
Type	House
Utility Water	Municipal Water

Parking

See Remarks
Attached Garage	1

Land

Access Type	Easy Access
Acreage	No
Land Amenities	Golf Nearby, Park, Recreation, Schools, Shopping
Landscape Features	Landscaped, Level
Sewer	Municipal Sewage System
Size Frontage	73 Ft
Size Irregular	0.16
Size Total	0.16 Ac|under 1 Acre
Size Total Text	0.16 Ac|under 1 Acre
Zoning Type	Multi-family

Rooms

Level	Type	Length	Width	Dimensions
Basement	Full Bathroom			6'7'' x 7'3''
Basement	Bedroom			8'1'' x 10'9''
Basement	Bedroom			11'0'' x 10'10''
Basement	Kitchen			13'3'' x 10'7''
Basement	Dining Room			9'7'' x 11'2''
Basement	Living Room			17'2'' x 10'10''
Main Level	Bedroom			9'2'' x 9'3''
Main Level	Bedroom			10'10'' x 9'2''
Main Level	Bedroom			11'5'' x 9'6''
Main Level	Full Bathroom			7'0'' x 9'8''
Main Level	3pc Ensuite Bath			3'0'' x 9'0''
Main Level	Primary Bedroom			13'3'' x 14'2''
Main Level	Kitchen			18'3'' x 10'4''
Main Level	Dining Room			9'6'' x 10'9''
Main Level	Living Room			17'9'' x 12'8''

https://www.realtor.ca/real-estate/28502263/3339-bothe-road-kelowna-springfieldspall