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:23267)
Property Details
| MLS® Number | 10353133 |
| Property Type | Vacant Land |
| Neigbourhood | Springfield/Spall |
| Amenities Near By | Golf Nearby, Park, Recreation, Schools, Shopping |
| Features | Level Lot, Corner Site |
| Road Type | Paved Road |
| View Type | Mountain View, Valley View, View (panoramic) |
Building
| Type | Other |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access |
| Acreage | No |
| Current Use | Development Residential |
| 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 |
Utilities
| Cable | At Lot Line |
| Electricity | At Lot Line |
| Natural Gas | At Lot Line |
| Telephone | At Lot Line |
| Sewer | Available |
| Water | At Lot Line |
https://www.realtor.ca/real-estate/28502262/3339-bothe-road-kelowna-springfieldspall
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June 20 2025 09:29:33
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