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2560 Springfield Road | $3,488,000
Al Vandermey Agent Photo
Al
Vandermey
C. (250) 809-4400
 P. (250) 494-0505
 Phone Al thevandermeys.ca
ROYAL LEPAGE PARKSIDE RLTY SML
Box 930, 9925 Main Street
 Summerland, BC
 Canada V0H 1Z0

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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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

I was born on the West Coast of Beautiful British Columbia and now feel very fortunate to reside here in the South Okanagan.

Having almost 25 years of experience specializing in Real Estate in the communities of Summerland, Penticton, Naramata, OK Falls and Kaleden, I bring a multitude of skills to the table and a genuine desire to help my clients realize their dreams.

Prior to joining the Real Estate Industry in 1994, I gained valuable service experience as an in-flight service specialist for the airlines, which paved the way for a career in Real Estate.

"I learned how to provide my clients with unmatched service, second to none".

 Shannon here! Al is a tough negotiator, always working for you, and he gets the job done!

 


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