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2560 Springfield Road | $3,488,000
Dori Munday* PREC Agent Photo
Dori
Munday* PREC*
C. (250) 486-3865
 P. (250) 493-2244
 Phone Dori www.penticton-realestate.com
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

%
Years (35 year max)
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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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

Dori is Penticton Born and Raised. She has been selling real estate for 15 years. Working with the other rockstars at Royal LePage, the #1 company in Penticton for the past 35 consecutive years. We have over 60% market share and over 55 awesome agents.

https://www.penticton-realestate.com

Helping you achieve the best-desired outcome through skillful negotiations coupled with strong agent - agent relationships. Dori is a Master Certified Negotiation Specialist. Dori sells on average over 40 homes a year and specializes in Buyers Agency.  

Red Diamond Award Winner  - Top 2%

Office ranked Top Individual Agent

  • Presidents Gold (Top 10%) 2007-2019
  • Award of Excellence (Top 10% for 5 consecutive years) 2015 +2019
  • Directors Platinum Award (Top 3%) 2010+2017+2018
  • Lifetime Achievement Award (Top 10% (or better) for 10 consecutive years) 2017, 2018, 2019


Testimonials? I can deliver pages of recommendations from satisfied buyers and sellers.
http://www.penticton-realestate.com/about-dori/testimonials#.VevP8_ZViko

Looking to learn more about living in Penticton? - Call Dori for a Buyers consultation.


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