Kelowna, BC V1X5X2,675 Moraine Court
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Kelowna, BC V1X5X2,675 Moraine Court
Kelowna, BC V1X5X2,675 Moraine Court
Kelowna, BC V1X5X2,675 Moraine Court
Kelowna, BC V1X5X2,675 Moraine Court
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675 Moraine Court Kelowna, BC V1X5X2

0.47 Acres Lot


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Key Details

Property Type Vacant Land

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Rutland South

MLS® Listing ID 10318219

Originating Board Association of Interior REALTORS�

Lot Size 0.470 Acres

Acres 20473.2

Property Description

Located on a quiet street in the desirable Spring Valley neighbourhood, this sizeable 0.47 acre lot is the perfect site for your future townhouse development. The city supports rezoning this parcel to MF2 to accommodate up to 20,400sq ft GFA (Base FAR: 1.0). At two stories in height, this property can comfortably accommodate 14x 1,300sq ft townhouses, but greater density could be achieved if building up a 3rd story (up to FAR: 1.3 possible w/ Public Amenity or Rental Bonus). The existing house and sizeable workshop will provide solid rental income while you are perfecting your development plans, and proximity to shopping, restaurants, schools, parks, Mission Park Greenway, Orchard Park Mall, Costco, public transit, and much more will aide your future development in being a big success! The Property Transfer Tax Exemption on new construction means that a buyer can purchase a $650k townhouse with less than $45k down if they included the GST in their mortgage, and 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 $3k/mo (assuming 3.5% interest rate at time of project completion). Sample floor plans have been provided to demonstrate what is possible, but the size and shape of this lot affords considerable flexibility to realize your own development vision. (id:24570)

Location

Province BC

Zoning Multi-Family

Exterior

Garage No

Community Features Family Oriented

Waterfront No

View Y/N No

Private Pool No

Building

Lot Description Landscaped, Level

Sewer Municipal sewage system

Others

Ownership Freehold


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Listed by Century 21 Assurance Realty Ltd

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Mathieu Bedard *PREC

Agent / Team Leader | License ID: 1240875

+1(250) 275-4870

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675 Moraine Court