675 Moraine Court Kelowna, British Columbia V1X 5X2

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4 Bedrooms
4 Bathrooms
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:59282)


  • Property Details

    MLS® Number 10318295
    Property Type Single Family
    Neigbourhood Rutland South
    AmenitiesNearBy Public Transit, Park, Schools, Shopping
    CommunityFeatures Family Oriented
    Features Cul-de-sac, Level Lot
    ParkingSpaceTotal 3
    RoadType Cul De Sac
  • Building

    BathroomTotal 4
    BedroomsTotal 4
    ConstructedDate 1968
    ConstructionStyleAttachment Detached
    CoolingType Central Air Conditioning
    HalfBathTotal 1
    HeatingType Forced Air
    RoofMaterial Asphalt Shingle
    RoofStyle Unknown
    StoriesTotal 1
    SizeInterior 2834 Sqft
    Type House
    UtilityWater Municipal Water

    Parking

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

    AccessType Easy Access
    Acreage No
    LandAmenities Public Transit, Park, Schools, Shopping
    LandscapeFeatures Landscaped, Level
    Sewer Municipal Sewage System
    SizeIrregular 0.47
    SizeTotal 0.47 Ac|under 1 Acre
    SizeTotalText 0.47 Ac|under 1 Acre
    ZoningType 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

Mark Gidden
Realtor/Founder

Lloyd Taverner
Realtor/Senior Partner

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TESTIMONIALS

Our Valued Clients

  • Ashley Harvey

    Mark and his team helped us find our forever home, and we are so grateful for his experience and expertise. Mark was so patient while our infant cried while we hunted for the perfect house. We will use Mark and his team for years to come.


  • Jen Platman

    Lloyd was the best realtor we’ve ever worked with. He understands people and takes the time to listen. He was extremely helpful and made the process stress-free and seamless. Lloyd goes above and beyond for his clients and it shows. He truly enjoys what he does, he’s honest and makes you feel at ease. Our new home is our castle and Lloyd did everything to help us get there. This guy is real gem!


  • Tom S

    Mark helped us look for, negotiate, and purchase our family home. He was diligent, extremely professional and has an unsurpassed knowledge of the Kelowna and wider Okanagan areas. His name is mentioned anytime we have a friend looking to buy or sell their home. Many thanks Mark.