3339 Bothe Road
Kelowna, British Columbia V1W3M3

$1,000,000

ID# 10311452

6 Bedroom 3 Bathroom

Central air conditioning Forced air See remarks

Virtual Tour

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 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 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 buyer’s 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:3942)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of Century 21 Assurance Realty Ltd

Listed on: April 30, 2024

On market: 17 days

Bathroom Total	3
Bedrooms Total	6
Half Bathrooms Total	0
Year Built	1967
Cooling Type	Central air conditioning
Flooring Type	Ceramic Tile, Laminate
Heating Type	Forced air, See remarks
Stories Total	2

Full bathroom	Basement	6'7'' x 7'3''
Bedroom	Basement	8'1'' x 10'9''
Bedroom	Basement	11'0'' x 10'10''
Kitchen	Basement	13'3'' x 10'7''
Dining room	Basement	9'7'' x 11'2''
Living room	Basement	17'2'' x 10'10''
Bedroom	Main level	9'2'' x 9'3''
Bedroom	Main level	10'10'' x 9'2''
Bedroom	Main level	11'5'' x 9'6''
Full bathroom	Main level	7'0'' x 9'8''
3pc Ensuite bath	Main level	3'0'' x 9'0''
Primary Bedroom	Main level	13'3'' x 14'2''
Kitchen	Main level	18'3'' x 10'4''
Dining room	Main level	9'6'' x 10'9''
Living room	Main level	17'9'' x 12'8''

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LOOKING FOR SOMETHING SPECIFIC? LET ME KNOW AND I'LL FIND IT FOR YOU

Amy Blake

REALTOR®

amy@homesbyamy.ca

#1 - 1890 Cooper Rd Kelowna, BC V1Y 8B7

250.878.5590

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3339 Bothe Road Kelowna, British Columbia V1W3M3

6 Bedroom 3 Bathroom

Central air conditioning Forced air See remarks

YOU MIGHT ALSO LIKE THESE LISTINGS

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2983 Conlin Court Kelowna $1,100,000 Beds: 3 Baths:2 Sq Ft:2061 sqftAmy Blake | Sales Representative

5830 OKANAGAN Street Unit 103 Oliver $599,900 Beds: 3 Baths:3 Sq Ft:1468 sqftMathew Lewis

2604 Wild Horse Drive West Kelowna $960,000 Beds: 3 Baths:3 Sq Ft:2120 sqftBradyn Byron | Personal Real Estate Corporation

5528 MacDonald Road Vernon $2,550,000 Beds: 1 Baths:1 Sq Ft:900 sqftTammy Stein

922 First Street W Revelstoke $599,000 Beds: 2 Baths:1 Sq Ft:1248 sqftFern Hickerson

117 PAR Boulevard Kaleden $629,900 Beds: 3 Baths:2 Sq Ft:1654 sqftTom Godard

3770 Turnbull Road West Kelowna $1,799,000 Beds: 4 Baths:3 Sq Ft:2499 sqftRebecca Harper

284 YORKTON Avenue Unit 106 Penticton $379,000 Beds: 2 Baths:2 Sq Ft:1001 sqftNorm Davies | Personal Real Estate Corporation

1113 121 Avenue Dawson Creek $224,000 Beds: 4 Baths:2 Sq Ft:1068 sqftCindy Oldfield

9923 JUBILEE Road Summerland $549,000 Beds: 0 Baths:0 Sq Ft:ArrayAmanda Brown

28 SANDPIPER Place Osoyoos $838,900 Beds: 4 Baths:3 Sq Ft:2880 sqftAllan Taylor

2495 Samuelson Road Sicamous $3,300,000 Beds: 5 Baths:2 Sq Ft:2880 sqftReisha Harper

1390 21 Street NE Salmon Arm $969,000 Beds: 5 Baths:4 Sq Ft:2688 sqftJordan Grieve

1102 Hume Avenue Kelowna $1,049,000 Beds: 4 Baths:3 Sq Ft:3030 sqftLisa Moldenhauer

1205 Spiller Road Penticton $1,250,000 Beds: Baths: Sq Ft:Gil Szabo

749 Bechard Road Kelowna $1,988,000 Beds: 6 Baths:3 Sq Ft:3080 sqftMayur Arora

1254 Sutherland Avenue Kelowna $1,450,000 Beds: 1 Baths:0 Sq Ft:2364 sqftMark Coons

573 Spruceview Place N Kelowna $1,279,000 Beds: 4 Baths:3 Sq Ft:3067 sqftDarcy Nyrose

1461 Tower Ranch Drive Kelowna $651,900 Beds: 3 Baths:3 Sq Ft:1833 sqftKimberly Ballard

4422-4424 OLEANDER Drive Osoyoos $1,898,000 Beds: 11 Baths:8 Sq Ft:4993 sqftKevin Primeau

12300 Highway 33 E Highway E Kelowna $1,488,000 Beds: 3 Baths:3 Sq Ft:3058 sqftJody Miller | Personal Real Estate Corporation

4400 10 Avenue NE Salmon Arm $1,985,000 Beds: 4 Baths:3 Sq Ft:2503 sqftDarren Ericcsan

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