3339 Bothe Road, Kelowna, BC, V1W 3M3 - vacant land for sale | Listing ID 10311461

Vacant Land For Sale In Kelowna, British Columbia

$1,000,000

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

$1,000,000

Property Information:

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 will generate approximately $700/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:27)

Building Features:

Building Type: Other

Property Features:

OwnershipType: Freehold
Property Type: Vacant Land
Access Type: Easy access
Amenities Nearby: Golf Nearby, Park, Recreation, Schools, Shopping
Community Features: Rentals Allowed
Current Use: Development residential
Features: Level lot, Corner Site
Landscape Features: Landscaped
Lot Frontage: 73.0 Feet
Road Type: Paved road
Utility Type: Water - At Lot Line, Natural Gas - At Lot Line, Telephone - At Lot Line, Sewer - Available, Cable - At Lot Line, Hydro - At Lot Line
View Type: Mountain view, Valley view, View (panoramic)
Zoning Type: Multi-Family
Sewer: Municipal sewage system

Courtesy of: Century 21 Assurance Realty Ltd

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Market Price Trends

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

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

28 hot days expected in 2050

Projected Storm Risk: Relatively Low

12 storms expected in 2050

Projected Heat Risk: High

28 hot days expected in 2050

49/100

High

ClimateCheck®

Current data

This property, 3339 Bothe Road , experiences 7 hot days per year at around 32.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.7 degrees Celsius.

Projected Avg. Temperature

Past

32.9℃

2050

36.7℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Relatively Low

12 storms expected in 2050

19/100

Relatively Low

ClimateCheck®

Current data

This property, 3339 Bothe Road , experiences 11 significant 2-day storms per year, with about 141.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 155.3mm of precipitation per year.

Precipitation Per Storm

Past

141.7mm

2050

155.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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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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Property Information:

Building Features:

Property Features:

Market Price Trends

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

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

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

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

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

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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