3339 Bothe Road
Offered at: $850,000
MLS®: 10353133
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:6769)
Quick Stats
Key Home Data
0
BATH(S)
BED(S)
SQFT
YES
SHOWING AVAILABLE
Property Type:
Vacant Land Home Ownership:
Freehold
Payment Calculator
Calculate your monthly mortgage payment.
Mortgage Amount
$
Amortization
years
Payment Freq.
Interest Rate
%
Calculating...
All About the Details
See specific details below.
Neighbourhood Statistics
Get to know your neighbourhood.
Similar Properties
Other properties you might like.
8
4
Request a Showing
Have questions about this property?
window.onload = function() {
let myiFrame = document.getElementById("widgetCta");
let doc = myiFrame.contentDocument;
doc.body.innerHTML = doc.body.innerHTML + '';
}