2560 Springfield Road | $3,488,000
Eileen McGinn Agent Photo
Eileen
McGinn
Eileen McGinn
C. (250) 689-8809
P. (250) 495-7441
Phone Eileen eileenmcginn@remax.net https://eileenmcginn.remax.ca/
RE/MAX REALTY SOLUTIONS
8507 A Main St., Po Box 1099
Osoyoos, BC
Canada V0H 1V0

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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About

Eileen McGinn, a highly motivated and resourceful real estate professional serving the Osoyoos market and surrounding areas, is passionate about assisting buyers and sellers in achieving their real estate goals. She is known for providing top-notch service and treating each client as a priority. Her attention to detail and determination play an important role in her ability to match clients with their dream properties. She is a compassionate advocate as well as a tough negotiator, and she consistently achieves superior results for her clients. 

A former Vice President with a publicly traded Corporation, Eileen brings recognized strengths in dealing with land development, housing, and financing. For her, though, it’s the outcomes she creates for her clients that matter most. Pairing white-glove service with the relentless drive to exceed her clients’ expectations, she guides every client with the expertise they need to make the best decision for their future.

As a Master Certified Negotiating Expert (MCNE), Eileen works hard in the best interest of her clients to provide a positive real estate experience each time. With over 35 years of experience in the industry, she has perfected the maxims of connecting people with excellent real estate opportunities. Using her vast local market knowledge, she has earned a Five Star Ranking from her clients through RankMyAgent.com and has achieved the REMAX Chairman’s Club, PLATINUM Club & 100% Awards. Eileen a member of prestigious REMAX Hall of Fame and the first recipient of the REMAX Community Citizenship award in in recognition of her outstanding community engagement and fundraising leadership.

----Remember When Buying or Selling a Home, Experience Has Its Rewards!