MLS: 10353133
3339 Bothe Road
$850,000
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:6770)
Investment Opportunities < 1 Acre New
Listed by Kattlin Stass
Century 21 Assurance Realty Ltd
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Overview
- Price $850,000
- MLS # 10353133
- Water Municipal water
- Sewer Municipal sewage system
- Listing Agent Kattlin Stass
- Listing Office Century 21 Assurance Realty Ltd
- View Mountain view, Valley view, View (panoramic)
- Landscape Features Landscaped, Level
Contact an agent for more information or to set up a viewing.
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