bothe rd

6 Bedroom House has been listed for sale at 3339 Bothe Rd in Kelowna for $900,000. Chat with a local expert, book a tour.

Kelowna

South Pandosy-K.l.o

3339 Bothe Rd

3339 Bothe Rd, For Sale in Kelowna - eXp Commercial Brokerage

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:58753)

ATTENTION INVESTORS!! This updated 5 bed, 2 bath home includes a 2 BED LEGAL SUITE! Features include; 3 beds up, updated kitchens, new SS appliances, new counter tops/backslash, new furnace & A/C, new decks, new flooring, and fresh paint!! There is also plenty of parking for guests or RV's. The location is great - minutes to Lower Mission amenities, Okanagan College and schools! THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA.

Huge Reduction! Attention Investors!! Updated 5 Bed Plus Den, 2 Bath Home With 2 Bed Legal Suite! Upper Level Has 3 Bedroom, Updated Kitchen With Stainless Steel Appliances, Newer Countertops And Backsplash. Newer Furnace & A/C. Tons Or Parking With Room For Rv. Great Location Close To Restaurants, Schools, College, Beaches And Amenities. (Id:15898)

Complete With A 2 Bedroom Legal Suite, This Perfectly Located Home Is Ideal For Both Families And Investors.  The Main Level Consists Of 4 Bedrooms And 2 Full Bathrooms, While The Spacious Legal Suite Is Made Up Of 2 Bedrooms And 1 Bathroom. Upstairs, New Laminate Floors Combine With Fresh Paint To Create A Bright And Airy Feel Throughout, And A Newly Constructed Ensuite Ensures That Youll Never Have To Share Your Bathroom With Anyone. Both Levels Conveniently Have Their Own Private Laundry As Well As Plenty Of Storage, And A Newer Furnace, A/C, And Hot Water Tank Are Sure To Provide Peace Of Mind. Outside, A Large Corner Lot With A Fenced Back Yard Offers Plenty Of Outdoor Space As Well As Ample Parking. If All That Wasnt Enough, This House Is Located Close To Schools, H2O, Shopping, Restaurants, Beaches, Public Transit, And Much Moreall While Being On A Quiet Street Away From The Noise Of The City. Virtual Tour: Https://My.Matterport.Com/Show/?M=ZJ7Bc7FEKFP (Id:15898)

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 would generate approximately $1, 200/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:58753)

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 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 $3, 700k/mo (assuming a 3.14% 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:58753)

3339 Bothe Rd, Kelowna, BC

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