3339 Bothe Road

2,451 ft²

6
Beds

3
Baths

Offering strong rental income and future redevelopment potential, this property is an excellent investment opportunity. 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 aid any future development in being a big success! Good rental revenue ensures that you can continue to rent out the property until the timing is right to redevelop or cash out. The increased Property Transfer Tax Exemption on new construction means that a buyer can now purchase an $850k townhouse with only $60k down if they are eligible for the GST and PTT exemptions. Furthermore, the latest change allowing high-ratio mortgages to amortize new construction over 30 years could result in said buyer’s mortgage payment being only $3.5k/mo (assuming a 3.09% 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:45055)

• Property Details

  MLS® Number	10353132
  Property Type	Single Family
  Neigbourhood	Springfield/Spall
  AmenitiesNearBy	Golf Nearby, Park, Recreation, Schools, Shopping
  Features	Level Lot, Corner Site, Two Balconies
  ParkingSpaceTotal	5
  ViewType	Mountain View, Valley View, View (panoramic)

• Building

  BathroomTotal	3
  BedroomsTotal	6
  Appliances	Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
  BasementType	Full
  ConstructedDate	1967
  ConstructionStyleAttachment	Detached
  CoolingType	Central Air Conditioning
  ExteriorFinish	Stucco, Wood Siding
  FlooringType	Ceramic Tile, Laminate
  HeatingType	Forced Air, See Remarks
  RoofMaterial	Asphalt Shingle
  RoofStyle	Unknown
  StoriesTotal	2
  SizeInterior	2,451 Ft2
  Type	House
  UtilityWater	Municipal Water

  Additional Parking
  Attached Garage	1

• Land

  AccessType	Easy Access
  Acreage	No
  LandAmenities	Golf Nearby, Park, Recreation, Schools, Shopping
  LandscapeFeatures	Landscaped, Level
  Sewer	Municipal Sewage System
  SizeFrontage	73 Ft
  SizeIrregular	0.16
  SizeTotal	0.16 Ac|under 1 Acre
  SizeTotalText	0.16 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Basement	Full Bathroom			6'7'' x 7'3''
  Basement	Bedroom			8'1'' x 10'9''
  Basement	Bedroom			11'0'' x 10'10''
  Basement	Kitchen			13'3'' x 10'7''
  Basement	Dining Room			9'7'' x 11'2''
  Basement	Living Room			17'2'' x 10'10''
  Main Level	Bedroom			9'2'' x 9'3''
  Main Level	Bedroom			10'10'' x 9'2''
  Main Level	Bedroom			11'5'' x 9'6''
  Main Level	Full Bathroom			7'0'' x 9'8''
  Main Level	3pc Ensuite Bath			3'0'' x 9'0''
  Main Level	Primary Bedroom			13'3'' x 14'2''
  Main Level	Kitchen			18'3'' x 10'4''
  Main Level	Dining Room			9'6'' x 10'9''
  Main Level	Living Room			17'9'' x 12'8''

• Utilities