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Royal LePage
Royal LePage
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$900,000

3339 Bothe Road, Kelowna, British Columbia, V1W 3M3

QuickQuoteTM: $825K - $1.0M
MLS® # 10338319

6 Beds

3 Baths

2451 FEETSQ sqft

Property Information:

Offering a 1.89% assumable mortgage and strong rental income potential, this property is an excellent investment opportunity—ready 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 aid any future development in being a big success! Good rental revenue potential ensures that you can live in the home or rent it out until the timing is right to redevelop or cash out. If the existing mortgage is assumed, the property would generate approximately $1,200/mo in positive cashflow until you are ready to redevelop it (based on past 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 latest 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:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Stucco, Wood siding
  • Floor Space: 2451 sqft
  • Flooring Type: Ceramic Tile, Laminate
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning
  • Appliances: Refrigerator, Dishwasher, Dryer, Range - Electric, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 6
  • Bathrooms: 3
  • Access Type: Easy access
  • Amenities Nearby: Golf Nearby, Park, Recreation, Schools, Shopping
  • Built in: 1976
  • Features: Level lot, Corner Site
  • Floor Space (approx): 2451 Square Feet
  • Landscape Features: Landscaped
  • Lot Frontage: 73.0 Feet
  • View Type: Mountain view, Valley view, View (panoramic)
  • Zoning Type: Multi-Family
  • Sewer: Municipal sewage system
  • Parking Type: See Remarks, Attached garage
  • No. of Parking Spaces: 5

Rooms:

  • Bathroom Basement Level 6'7'' x 7'3''
  • Bedroom Basement Level 8'1'' x 10'9''
  • Bedroom Basement Level 11'0'' x 10'10''
  • Kitchen Basement Level 13'3'' x 10'7''
  • Dining Basement Level 9'7'' x 11'2''
  • Living Basement Level 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''
  • Bathroom Main Level 7'0'' x 9'8''
  • Bathroom 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 Main Level 9'6'' x 10'9''
  • Living Main Level 17'9'' x 12'8''

Courtesy of: Century 21 Assurance Realty Ltd

REALTOR.ca  

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Location of 3339 Bothe Road, Kelowna, British Columbia, V1W 3M3

Demographic Information of 3339 Bothe Road, Kelowna, British Columbia, V1W 3M3

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$89,946.78

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.34 %

High school certificate or equivalent

34.62 %

Apprenticeship trade certificate/diploma

9.05 %

College/non-university certificate

21.67 %

University certificate (below bachelor)

0.95 %

University Degree

18.37 %

Commuter

Travel To Work

By Car

79.28 %

By Public Transit

9.14 %

By Walking

7.77 %

By Bicycle

3.5 %

By Other Methods

0.31 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

67.65 %

Houses

32.35 %

Own Vs. Rent

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