$1,600,000 FOR SALE
Detached
Bedrooms: 4Bathrooms: 4
675 Moraine Court
Kelowna, BC
V1X 5X2 | Rutland South
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:47423)
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| Listed By | Century 21 Assurance Realty Ltd, Royal LePage Kelowna |
|---|---|
| Data Provided By | Association of Interior REALTORS® |
| MLS® Listing Number | 10318295 |
| Last Updated | Jun 28, 2024 |
Property Summary
| Property Type |
Detached
More like this: |
|---|---|
| Neighbourhood | Rutland South |
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
| Bedrooms | 4 |
|---|---|
| Bathrooms | 4 |
| Amenities Nearby | Public Transit, Park, Schools, Shopping |
| Community Features | Family Oriented |
| Features | Cul-de-sac, Level lot |
| Listing Contract Date | 2024-06-26 |
| Municipal ID | 003-338-207 |
| Ownership Type | Freehold |
| # of Parking Spaces | 3 |
| Property Type | Single Family |
| Road | Cul de sac |
| Transaction Type | For sale |
| Zoning | Multi-Family |
Building
| Constructed Date | 1968 |
|---|---|
| Construction Style (Attachment) | Detached |
| Cooling Type | Central air conditioning |
| # of Half Bathrooms | 1 |
| Heating Type | Forced air |
| Roof Material | Asphalt shingle |
| Roof Style | Unknown |
| Stories Total | 1 |
| Type | House |
| Utility Water | Municipal water |
Rooms
| Room | Level | Dimensions | Notes |
|---|---|---|---|
| Family room | Basement | 25'3'' x 12' | |
| Utility room | Basement | 11' x 10'6'' | |
| Laundry room | Basement | 10'8'' x 10'5'' | |
| Den | Basement | 10'6'' x 9'10'' | |
| 3pc Bathroom | Basement | 7'6'' x 6'9'' | |
| Bedroom | Basement | 12'9'' x 11'11'' | |
| Partial bathroom | Main level | Measurements not available | |
| Workshop | Main level | 25' x 21'3'' | |
| 3pc Bathroom | Main level | 8'7'' x 6' | |
| Bedroom | Main level | 13'3'' x 10'9'' | |
| Bedroom | Main level | 14'8'' x 10'7'' | |
| 4pc Ensuite bath | Main level | 8' x 7'6'' | |
| Primary Bedroom | Main level | 18'2'' x 14'11'' | |
| Kitchen | Main level | 11'10'' x 10'8'' | |
| Dining room | Main level | 11'9'' x 9' | |
| Living room | Main level | 18' x 11'10'' |
Parking Spaces
| Name | Spaces |
|---|---|
| See Remarks | |
| Carport | |
| Attached Garage | 3 |
| Detached Garage | 3 |
| Heated Garage | |
| Oversize |
Utilities
| Type | Description |
|---|---|
| Cable | At Lot Line |
| Electricity | At Lot Line |
| Natural Gas | At Lot Line |
| Telephone | At Lot Line |
| Sewer | Available |
| Water | At Lot Line |
Land
| Total Size | 0.47 acres |
|---|---|
| Access Type | Easy access |
| Amenities | Public Transit, Park, Schools, Shopping |
| Landscape Features | Landscaped, Level |
| Sewer | Municipal sewage system |
| Size of Irregular Land | 0.47 |
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