Wood
645 Main Street
Penticton, BC
Canada V2A 5C9
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
Mission Statement:
Behind every real estate transaction
there is always a person or family involved.
Buying or selling a home is the most
important financial transaction that a person will make in their life. Our goal, at the Wood Team, is to ensure a
smooth and efficient process in our personalized real estate service.
We
Believe that trust is obtained through honest communication and follow-through.
Vision Statement:
To be known in the real estate community
because of our excellence and integrity.
MEET THE WOOD TEAM:
Mike Wood
As a father of 1 and a stepfather of 4, over the years Mike has been a coach and assistant coach for Soccer and Lacrosse. He is very proud father and plays a variety of sports himself including Slo-Pitch, Pickleball, Water Skiing, Wake Surfing and more.
With over 25 years of real estate experience, he holds licenses from UBC Sauder School of Business in real estate, brokering, strata management, rental property management and mortgage brokering.
Mike
has belonged to many great organizations over the years including serving as a
member of the South Okanagan Real Estate Board and is familiar
with the many great area’s the South Okanagan has to offer
Tricia Radcliffe
With much time spent on a
remote island off the coast of Vancouver Island, and then living off the grid
in BC’s Rocky Mountains, this devoted partner, and mother of 3, is ready to
take on any challenge. Whether it’s homeschooling, volunteer firefighting, or
chasing bears out of the yard, each task is acted on with determination.
With a background in the service industry, Tricia
believes that positive
impact happens with a service attitude and is the number one value in how she
runs her business. Likewise, skillful
practice is paramount to maintaining excellent support, therefore, lifelong
learning and new experiences are a constant in her career. Tricia is licensed from UBC Sauder School of Business in real estate
and is a proud member of the Chamber of Commerce.
Tricia’s priorities in selling real
estate are dependent on who she is serving, because what’s right for you may
not align with someone else. Your priorities are her priorities, and you can
have faith that she will look after your best interest. Selling, buying, both
or neither, her commitment to serving you will not change, ensuring your
transaction is a positive experience.
“ We
enjoy all that our community has to offer and engage in opportunities to meet
new people and participate in local activities and events.”
Would you like to work together? Please don't hesitate to reach out to us, we look forward to hearing from you.
A Trusted Name in Real Estate