Snelling
125 - 5717 Main Street
Oliver, BC
Canada V0H 1T9
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
My name is Sharon Snelling and I have been living right here in Oliver for the last 30 years. I love this area and I cannot imagine calling anywhere else home!
I came here from England after backpacking my way around the world for 6 years. After arriving in Oliver I just knew that this was home. I embraced the lifestyle and became very passionate about camping in the summers and snowboarding in the winters. I also really enjoy curling, x-country skiing, stand up paddle boarding and horses, and currently have two horses of my own. This makes for some very fun times!
Since arriving in the South Okanagan I have worked primarily in the fruit industry and, along with my partner, have had a successful cherry export business selling cherries all around the world. I have also worked part time for Canada Post for the last ten years and some of you may recognize me from delivering your mail. In the past I have spent a number of years doing volunteer ski patrol and being a snow shoe guide at Mount Baldy.
Today I am entirely focused on real estate and extremely motivated to help you with buying or selling your home, so please don’t hesitate to contact me. I will do my absolute best to ensure your real estate transactions go as smooth as possible, and make it a fun experience as well!