2560 Springfield Road | $3,488,000
Taras Kinash* Agent Photo
Taras
Kinash*
C. (250) 328-2881
 P. (833) 817-6506
 Phone Taras https://pentictonrealty.com/
EXP REALTY
645 Main Street
 Penticton, BC
 Canada V2A 5C9

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

Kinash Real Estate Group | Your Key to Penticton Realty

The Kinash Real Estate Group at EXP Realty is one of the most respected and sought after real estate sales teams in the South Okanagan region. The ‘KIN’ team is made up of experienced REALTOR® Taras Kinash and Executive Unlicensed Assistant, Zara Kinash.

Our intention is always to deliver expert real estate advice and service. If positioned properly and with the right real estate purchase / sale strategy, you will benefit in developing opportunities to improve wealth, health and lifestyle. Our desire is to assist you, offer you our specialist expertise, and be part of your story not only as your Real Estate Advisors, but also as friends in the community.

All we ask is for you to put your trust in us and we will deliver!


Taras Kinash | New Homes & Developments Expert

The built environment industry is one that excites me every day. With over a decade of academic and work experience in the real estate field, I feel very fortunate to say I love what I do and I am excellent at what I do.

My interest in real estate began at an early age. I was especially drawn to the business of real estate and the creative aspect of architectural design. To be an expert consultant in Real Estate, I have always believed that one requires experience within the entire scope of the Built Environment. In order to represent an individual in the purchase of land/buildings, the representative should be able to comprehend the conditions of land and understand how building structures are assembled.

A student of Building Design at the University of British Columbia, Vancouver. A graduate of Bsc City Planning & Property Development at Nottingham Trent University, England. A practitioner of building design. A practitioner of real estate development. A practitioner of real estate purchase and sales. I am very proud to say I embody all of these credentials.


Proud to be Living the Okanagan Life

I believe my family and I live in the most beautiful part of the world, the South Okanagan, BC, Canada. Everyday we wake up feeling blessed to live in a community of people who genuinely love where they live as much as we do. With incredible weather in the fall, spring and summer, and the serene landscapes of the Okanagan Valley year round, there is no better place to call home. Did I forget to mention we live in Wine Country… delicious!

I moved to the South Okanagan from Vancouver at the beginning of 2013. I had enjoyed what the South Okanagan had to offer part-time in 2012, and I made the decision to move permanently with the intent of pursuing love and happiness. My dreams were soon realized after finding my soulmate and wife, Zara, and shortly after, having our daughter Lilya Karma. 4 years later the family is complete with the arrival of baby Luka Cayo.

It feels so rewarding to know that my family and I grow and make our memories in the beautiful South Okanagan. We have so far made the most treasured friends and we look forward to making many more.

For existing Penticton residents, I can not wait to meet you! For those of you interested in moving to the South Okanagan region, please do not hesitate... I promise it will be worth it. Don’t hesitate to contact me anytime and please be sure to review my Client Success Stories.


A few random facts about TK:

  • Born and raised in England. Moved to Canada at the age of 21 and has not looked back since.

  • Graduated from Nottingham Trent University, England, achieving a Bachelor Degree in City Planning & Property Development.

  • Attended the University of British Columbia and studied Building Design.

  • Taras’ passion project is developing and growing his Design & Build company KIN Homes.

  • In 1 month, ran 10 certified marathons and 5 certified ½ marathons in the USA, and raised money for the Multiple Sclerosis Society.

  • My favourite pastime is to drink wine and create music with my very talented wife #ZaraTaylor.

  • Every week I look forward to Sunday mornings, lying in bed with wife and kids in each arm watching a family movie.

  • A shared goal with my wife is to pass the Wine & Spirit Education Trust (WSET) Courses.