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2560 Springfield Road | $3,488,000
Alina Lovin Agent Photo
Alina
Lovin*
C. (250) 689-5050
 P. (250) 495-7441
 Phone Alina http://www.OsoyoosHomes.com
RE/MAX REALTY SOLUTIONS
8507 A Main St., Po Box 1099
 Osoyoos, BC
 Canada V0H 1V0

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

Alina is a full time professional realtor with RE/MAX Realty Solutions, and she specializes in residential real estate in Osoyoos, South Okanagan, British Columbia. She is also a recipient of the prestigious RE/MAX Hall of Fame Award, RE/MAX Platinum Award, and many other awards, for outstanding performance and achievements in real estate.

Alina is committed both personally and professionally to living her life with integrity. She provides her clients with honest and accurate information regarding any transaction, even if that means that buying or selling may not be in their best interest at this time.

Her honest, straight forward approach and strong negotiation skills have earned her the reputation of consistently delivering outstanding results. The measure of her clients’ ongoing appreciation is the large number of referrals that Alina receives.

Alina's Mission Statement:
"My real estate goal is to build integrity based relationships backed by providing dynamic, intelligent information, high commitment to professionalism and accountability, and offering my clients a level of personal service that they happily recommend to friends and family."   

 

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