3339 Bothe Road, Kelowna
MLS® 10353133
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:36863)
Property Details
- Full Address:
- 3339 Bothe Road, Kelowna, British Columbia
- Price:
- $ 850,000
- MLS Number:
- 10353133
- List Date:
- June 20th, 2025
- Lot Size:
- 0.16 ac
- Taxes:
- $ 4,587
Interior Features
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Zoning:
- Multi-Family
- Ownership Type:
- Freehold
- Taxes:
- $ 4,587
Floors
Land
- View:
- Mountain view, Valley view, View (panoramic)
- Lot Size:
- 0.16 ac
- Current Use:
- Development residential
- Road Type:
- Paved road
Neighbourhood Features
Ratings
Commercial Info
Location
Mortgage Calculator
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