Albert
100 - 131 7th Avenue
Cranbrook, BC
Canada V1C 2J3
Details
Address | 2560 Springfield Road |
Area | Central Okanagan |
Sub Area | RS - Rutland South |
State/Province | British Columbia |
Country | Canada |
Price | $3,488,000 |
Property Type | Single Family - Detached |
Floors in Building | 0 |
Bedrooms | 5 |
Bathrooms | 3 |
Half Baths | 0 |
Floor Space | 2240 Square Feet |
Lot Size | 0.65 Acres |
Year Built | 1972 |
Parking | 2 Spaces, Carport, Single garage |
Taxes | $4,091 |
Tax Year | 2024 |
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
Location
About
Having spent the past 22 years in Castlegar, and having lived across Canada, I can't think of a place I would rather be. We have a great community and an environment that makes you feel as if you're always on vacation. It has been an absolute pleasure to become a member of the community and to help others to join it.
In 2006 I obtained my Real Estate License in Castlegar. After 2 successful years in the industry I completed my Brokers License and became an Associate Broker.
I have found that selling real estate is not a job on the side, or a 9-5 job, it's a lifestyle. I work 24/7 to provide you with a standard of service that is hard to find.
So if you're in search of a Realtor who holds Honesty, Quality over Quantity and Dedication above all else then please give me a call. And with 100% satisfaction, I'm not afraid to list any of my references.
I look forward to the opportunity of working with you!