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2560 Springfield Road | $3,488,000
Mathew Lewis Agent Photo
Mathew
Lewis
C. (250) 809-1893
 P. (250) 498-6500
 Phone Mathew http://www.winecapitalrealty.com
RE/MAX WINE CAPITAL REALTY
444 School Avenue, Box 220
 Oliver, BC
 Canada V0H 1T0

Details

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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

Mathew had always showed an interest in entrepreneurial activities and has a natural attraction to real estate. First Licensed in 2003, lots has changed in the real estate industry in British Columbia. In 2005 Mathew graduated with his Undergraduate Degree from the University of British Columbia.  Mathew’s upbringing in the real estate industry has been one he has been around his entire life. A year after graduating University, Mathew and his mother Karen, founded RE/MAX Wine Capital Realty in downtown Oliver, BC in 2006. It is now the largest real estate company in Oliver and specializes in all facets of Real Estate including Property Management, Strata Management and of course, Real Estate Sales and Marketing.  Mathew is driven and a sales leader: He prides in meeting and exceeding expectations and pushing the marketing envelope for both his customers and his brokerage. 16 years later, (2019) Mathew has been involved in the sale over a thousand of properties including residential, commercial, business, industrial and farming opportunities. Mathew has been fortunate enough to be a recipient of internationally recognized sales achievement awards for EVERY Year since 2005 in the Re/MAX International System.  No Job is too big or small! In 2009, Mathew also obtained his Real Estate Broker’s Management License. In 2014 Mathew obtained the RE/MAX International Director's Platinum Award-- granted to less than 5% of all RE/MAX Agents WORLDWIDE-- Not Just in Canada! Recently in 2019, Mathew was awarded the Coveted RE/MAX Lifetime Achievement Award at the Re/MAX International Convention in Las Vegas, NV. 

Mathew enjoys glam-ping (fancy camping), fishing, hunting, cooking and the great outdoors. Mathew loves to help out his community any way that he can. He is actively involved in the South Okanagan Sportsmen's Association as a director where he teaches the Outdoor Safety Program administered by the Province of BC on behalf of the BC Wildlife Federation. Mathew has just celebrated his 13th Wedding Anniversary with his wife, Jodie. Mathew and Jodie have two wonderful children-- the purpose in his life: Ripley aged 5 and Adrianna, 3. Mathew and his family live in Oliver and love it! 

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