Jones*
484 Main Street
Penticton, BC
Canada V2A 5C5
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
Dan Jones, Personal Real Estate Corporation - REALTOR®
Dan combines his love for the industry with his passion for education; for example, his diploma in Business Administration from Okanagan University College, Luxury Home Marketing Specialist Certificate, and EPro and Internet Marketing Specialist. Dan was a Journeyman Carpenter for almost 20 years before getting into the real estate business in 2004. He has worked on some great projects throughout his career, construction of custom homes, renovations, as well as some commercial jobs - the largest and most noted was the SkyDome in Toronto, Ontario.
Dan is an active agent with Royal LePage Locations West, Penticton, BC, leading his team and representing buyers and sellers on a day-to-day basis. He considers education – both clients and other real estate agents – an important part of his role as a REALTOR®.
Dan has received multiple awards at his office: Platinum, Diamond, Gold, and a 10 year achievement award for earning awards for the past 10 years. He has been a local Chamber of Commerce member since 2004.
Among the services he provides to his clients are a Customer Moving Van, professional photos and drone (aerial) photography/video of your property, and referring professional tradesman to help out when needed.
Social media helps us get to know each other, sometimes before we meet in person. Dan is a social media and technology devotee ie: Facebook, Pinterest, LinkedIn, Twitter, Instagram, and You-Tube. He is constantly educating himself on such subjects as real estate technology, building your business via social media, customer service and client retention. Dan is active with the South Okanagan Board of REALTORS® and the National Association of REALTORS®.
As a supporter of the SPCA, Dan has raised thousands of dollars for charity with his annual Pumpkin Giveaway event as well as a booth and donations at the annual Paws 4 A Cause walk. Although Dan was born in Aldergrove, BC, where he was raised on the family Poultry Farm where he first started working at the age of 5, picking eggs. He was taught that hard work was everything, and retains that value today. Dan made the move the Okanagan in 1991 where he lives with wife in Penticton, BC. He is an avid racer, and enjoys many other sports such as skiing, golf, and hiking.