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2560 Springfield Road | $3,488,000
Tammy Antrobus Agent Photo
Tammy
Antrobus
C. (250) 488-0804
 P. (250) 480-3000
 Phone Tammy www.TammyAntrobus.com
FAIR REALTY (PENTICTON)
129 Nanaimo Avenue W
 Penticton, BC
 Canada V2A 1N2

Details

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Years



Address 2560 Springfield Road
AreaCentral Okanagan
Sub AreaRS - Rutland South
State/ProvinceBritish Columbia
CountryCanada
Price$3,488,000
Property TypeSingle Family - Detached
Floors in Building0
Bedrooms5
Bathrooms3
Half Baths0
Floor Space2240 Square Feet
Lot Size0.65 Acres
Year Built1972
Parking2 Spaces, Carport, Single garage
Taxes $4,091
Tax Year2024
MLS® #10275592

Prime land assembly opportunity on the corner of Springfield and Ziprick, directly across from Mission Creek Regional Park. Whether you’re looking for a holding property, cash flow investment, or land to build on- this designated “Core Neighbourhood” parcel offers all the above. The land assembly is 0.651 acres (28,357 SF), & made up of two lots (2560 Springfield Rd & 685-675 Ziprick Rd) currently zoned MF1. City Council has been supportive of rezoning to MF2 (FAR 1 + 0.15 bonus) & Seller's have architectural plans for a 16-unit (approx. 1500 SF each) townhouse development. In the meantime, the landlords are collecting approximately $11,052/month in rents = 132,624/yr (total). Gross cap rate = approx. 3.8. There are two bus stops within 80 m and the city has designated both Springfield & Ziprick as “Major Arterial” transportation networks with bike lane & infrastructure improvements on the horizon. Walking distance to Springvalley Elementary & Middle Schools, Costco, Orchard Park Mall, and across the road from 94 hectares of trails at Mission Creek Regional Park. Across Ziprick is City owned property set aside for public service utilities & additional green space. Located halfway between UBCO & the future downtown campus (less than 8 km to both), 10 km from YLW (international airport), & 50 minutes to world-class Big White Ski Resort. This is a comprehensive & rare offering, sure to catch the attention of any savvy investor. What are you waiting for!?

Listed by COLDWELL BANKER HORIZON REALTY

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About

Live. Work. Play. The South Okanagan is a dream in itself; many fantastic areas to choose from; four distinct seasons; a great variety of indoor or outdoor activities and lots of choice for shopping. The pursuit of investing in Real Estate can be the most exciting and rewarding experience you will encounter. However, finding a suitable property for your families wants and needs at a price you can afford is sometimes a bit of a challenge. You need a Real Estate representative who understands your desires, has a good eye for easy changes that can be made to a property to fit your needs and to help you make the best choice for your family. I am that Realtor®. I demonstrate a profound dedication to all clients whether you are purchasing a dream home or selling a property to move on to bigger and better dreams. With mutual honesty, loyalty and accountability, I will answer your questions and follow your instructions attentively.

If you are looking for a Real Estate representative who knows the Okanagan Valley, has over 20 years of experience working with sellers and buyers, will listen to your ideas, be aggressive in her marketing and advertising, and give you all the attention you deserve, call or text me at 250-488-0804, you won’t be disappointed!

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