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RE/MAX Crest Realty
300 – 1195 W Broadway, Vancouver, BC V6H 3X5
C: 604.671.7000
E: les@6717000.com
C: 604.671.7000
E: les@6717000.com
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- ©MLS 10311452
- Area 2451 sq ft
- Bedrooms 6
- Bathrooms 3
- Parkings 5
Description
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:48970) Show More
Details
- Constructed Date: 1967
- Property Type: Single Family
- Type: House
- Access Type: Easy access
- Neighbourhood: Lower Mission
Ammenities + Nearby
- Golf Nearby
- Park
- Recreation
- Schools
- Shopping
- Golf Nearby
- Park
- Recreation
- Schools
- Shopping
Features
- Level lot
- Corner Site
- Two Balconies
- Rentals Allowed
- Mountain view
- Valley view
- View (panoramic)
- Refrigerator
- Dishwasher
- Dryer
- Range - Electric
- Washer
- Central air conditioning
- Forced air
- See remarks
Rooms Details For 3339 Bothe Road
| Type | Level | Dimension |
|---|---|---|
| Full bathroom | Basement | 6'7'' x 7'3'' |
| Bedroom | Basement | 8'1'' x 10'9'' |
| Bedroom | Basement | 11'0'' x 10'10'' |
| Kitchen | Basement | 13'3'' x 10'7'' |
| Dining room | Basement | 9'7'' x 11'2'' |
| Living room | Basement | 17'2'' x 10'10'' |
| Bedroom | Main level | 9'2'' x 9'3'' |
| Bedroom | Main level | 10'10'' x 9'2'' |
| Bedroom | Main level | 11'5'' x 9'6'' |
| Full bathroom | Main level | 7'0'' x 9'8'' |
| 3pc Ensuite bath | Main level | 3'0'' x 9'0'' |
| Primary Bedroom | Main level | 13'3'' x 14'2'' |
| Kitchen | Main level | 18'3'' x 10'4'' |
| Dining room | Main level | 9'6'' x 10'9'' |
| Living room | Main level | 17'9'' x 12'8'' |
Location
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
Data provided by: Okanagan-Mainline Real Estate Board