Strohmann
Box 2109
Grand Forks, BC
Canada V0H 1H0
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
Welcome! I'm Terry Strohmann, and I’m excited to help you with
your real estate needs. With 13 wonderful years of experience living in Grand
Forks and a deep connection to this community, I bring a wealth of local
knowledge to the table.
I grew up on a farm in Saskatchewan, where I learned the values
of hard work, dedication, and a deep appreciation for rural life. This
background gives me a unique perspective on the nuances of rural properties and
the specific needs of families looking to buy or sell in these areas.
In addition to my real estate expertise, I have 15 years of
experience in commercial and home construction management. This hands-on
experience allows me to provide valuable insights into the construction and
quality of homes, ensuring you make informed decisions whether you’re buying or
selling.
With three children of my own, I understand the importance of
finding the perfect home for your family. Let my skills and experience guide
you in your next real estate journey. Together, we can find the ideal property
that meets your needs and dreams.
Reach out today, and let's get started on making your real
estate goals a reality!