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2560 Springfield Road Kelowna, British Columbia V1X 1C2

5 Bedroom 3 Bathroom 2240 sqft
Split Level Entry Wall Unit Baseboard Heaters Level

$3,488,000

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 currently zoned RU1 (2560 Springfield Rd) & RU4 (685-675 Ziprick Rd). The Sellers have submitted a rezoning application to MF2 (FAR 1 + 0.15 bonus) & 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. 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 ha 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!? (id:33225)

Property Details

MLS® Number 10275592
Property Type Single Family
Neigbourhood Rutland South
Amenities Near By Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area
Community Features Pets Allowed, Rentals Allowed
Features Level Lot, Corner Site
Parking Space Total 10
View Type City View, View (panoramic)

Building

Bathroom Total 3
Bedrooms Total 5
Architectural Style Split Level Entry
Basement Type Full
Constructed Date 1972
Construction Style Attachment Detached
Construction Style Split Level Other
Cooling Type Wall Unit
Exterior Finish Stucco, Composite Siding
Flooring Type Carpeted, Laminate, Tile, Vinyl
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle,unknown
Roof Style Unknown,unknown
Size Interior 2240 Sqft
Type House
Utility Water Municipal Water

Parking

See Remarks
Attached Garage 1

Land

Acreage No
Land Amenities Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area
Landscape Features Level
Sewer Municipal Sewage System
Size Frontage 169 Ft
Size Irregular 0.65
Size Total 0.65 Ac|under 1 Acre
Size Total Text 0.65 Ac|under 1 Acre
Zoning Type Unknown

Rooms

Level Type Dimensions
Second Level Laundry Room 6'4'' x 5'5''
Second Level Primary Bedroom 13'7'' x 11'11''
Second Level Bedroom 10'9'' x 10'2''
Second Level 4pc Bathroom 8'7'' x 4'10''
Second Level Living Room 14'0'' x 13'0''
Second Level Dining Room 12'0'' x 8'4''
Second Level Kitchen 12'0'' x 9'10''
Basement 4pc Bathroom 12'8'' x 5'4''
Basement Primary Bedroom 11'7'' x 10'5''
Basement Bedroom 11'8'' x 8'0''
Basement Kitchen 10'0'' x 9'0''
Basement Living Room 24'0'' x 11'11''
Main Level 4pc Bathroom 6'5'' x 5'0''
Main Level Primary Bedroom 11'10'' x 6'2''
Main Level Living Room 13'8'' x 11'10''
Main Level Kitchen 9'6'' x 7'0''

https://www.realtor.ca/real-estate/25625321/2560-springfield-road-kelowna-rutland-south

Interested?

Contact us for more information


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Saverio Tumato

(250) 862-6911
www.saveriotumato.com/
https://www.facebook.com/Saveriotumatorealestate?ref=hl

Coldwell Banker Horizon Realty
#14 - 1470 Harvey Avenue
Kelowna, British Columbia V1Y 9K8

(250) 860-7500
(250) 868-2488

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250 307 1124 | heatherangel@royallepage.ca

250 307 1124 | heatherangel@royallepage.ca


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