Homes for sale - 675 Moraine Court, Kelowna, BC V1X5X2

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Sarah Percival

sarah.percival@engelvoelkers.com +1(613) 883-7076

$ 1,600,000

Est. payment -/mo

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Active

675 Moraine Court Kelowna, BC V1X5X2

4 Beds

4 Baths

2,834 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,834 sqft

Price per Sqft $564

Subdivision Rutland South

MLS® Listing ID 10318295

Bedrooms 4

Half Baths 1

Originating Board Association of Interior REALTORS®

Year Built 1968

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

Rooms

Extra Room 1 Basement 25'3'' x 12' Family room

Extra Room 2 Basement 11' x 10'6'' Utility room

Extra Room 3 Basement 10'8'' x 10'5'' Laundry room

Extra Room 4 Basement 10'6'' x 9'10'' Den

Extra Room 5 Basement 7'6'' x 6'9'' 3pc Bathroom

Extra Room 6 Basement 12'9'' x 11'11'' Bedroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Garage Yes

Garage Spaces 6.0

Garage Description 6

Community Features Family Oriented

Waterfront No

View Y/N No

Roof Type Unknown

Total Parking Spaces 3

Private Pool No

Building

Lot Description Landscaped, Level

Story 1

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by Century 21 Assurance Realty Ltd

Sarah Percival

Salesperson

+1(613) 883-7076

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