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675 Moraine Court Kelowna, British Columbia V1X 5X2

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4 Bedroom 4 Bathroom 2834 sqft
Central Air Conditioning Forced Air Landscaped, Level

$1,600,000

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:52811)

Property Details

MLS® Number 10318295
Property Type Single Family
Neigbourhood Rutland South
Amenities Near By Public Transit, Park, Schools, Shopping
Community Features Family Oriented
Features Cul-de-sac, Level Lot
Parking Space Total 3
Road Type Cul De Sac

Building

Bathroom Total 4
Bedrooms Total 4
Constructed Date 1968
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Half Bath Total 1
Heating Type Forced Air
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 1
Size Interior 2834 Sqft
Type House
Utility Water Municipal Water

Parking

See Remarks
Carport
Attached Garage 3
Detached Garage 3
Heated Garage
Oversize

Land

Access Type Easy Access
Acreage No
Land Amenities Public Transit, Park, Schools, Shopping
Landscape Features Landscaped, Level
Sewer Municipal Sewage System
Size Irregular 0.47
Size Total 0.47 Ac|under 1 Acre
Size Total Text 0.47 Ac|under 1 Acre
Zoning Type Multi-family

Rooms

Level Type Dimensions
Basement Family Room 25'3'' x 12'
Basement Utility Room 11' x 10'6''
Basement Laundry Room 10'8'' x 10'5''
Basement Den 10'6'' x 9'10''
Basement 3pc Bathroom 7'6'' x 6'9''
Basement Bedroom 12'9'' x 11'11''
Main Level Partial Bathroom Measurements not available
Main Level Workshop 25' x 21'3''
Main Level 3pc Bathroom 8'7'' x 6'
Main Level Bedroom 13'3'' x 10'9''
Main Level Bedroom 14'8'' x 10'7''
Main Level 4pc Ensuite Bath 8' x 7'6''
Main Level Primary Bedroom 18'2'' x 14'11''
Main Level Kitchen 11'10'' x 10'8''
Main Level Dining Room 11'9'' x 9'
Main Level Living Room 18' x 11'10''

Utilities

Cable At Lot Line
Electricity At Lot Line
Natural Gas At Lot Line
Telephone At Lot Line
Sewer Available
Water At Lot Line

https://www.realtor.ca/real-estate/27101573/675-moraine-court-kelowna-rutland-south