Green*
302 Eckhardt Avenue West
Penticton, BC
Canada V2A 2A9
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
John Green, Founder of Green Real Estate Group, has been passionately working as an agent for over 15 years under the principle of “not your typical REALTOR®.” The team is one of the most successful in the South Okanagan. John is most proud of the personal attention and care every client receives. The “clients before commissions” philosophy has grown the business faster than he could ever have imagined. His entrepreneurial side has led him to build several multi-family projects, rezone and subdivide properties for himself and clients, and market and sell Penticton’s largest subdivision to date. John and his team’s attention to detail and passion have helped them receive numerous awards for their work in the residential market including the honour of the #1 Commercial Real Estate Team in the South Okanagan for the past 3 years running.
John’s previous adventures working on a commercial fishing boat in Alaska and working in cinematography on Hollywood’s biggest films has prepared him to guide his clients with all their endeavours. Purchasing and selling homes is far more than bricks and mortar, it’s about people and their life goals.
John is married to an incredible and patient woman. Their 2 girls keep him busy and proud. Coaching his girl’s fastball and volleyball has hurt his golf game immensely; however, he said, “It’s worth it!”