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2560 Springfield Road | $3,488,000
Lyndi Cruickshank* Agent Photo
Lyndi Cruickshank*
Lyndi Cruickshank*
C. (250) 809-1260
 P. (778) 622-3446
 Phone Lyndi lyndi.cruickshank@evrealestate.com lyndicruickshank.evrealestate.com
ENGEL & VOLKERS SOUTH OKANAGAN
467 Main Street
 Penticton, BC
 Canada V2A 5C4

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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

Lyndi Cruickshank

Managing Broker, License Partner

Personal Real Estate Corporation


With a background in Marketing and Contract Negotiations, it is an honour to use my skills and passion for Real Estate as I continue into my 15th year as a REALTOR® and as a Managing Broker of Engel & Volkers South Okanagan. As a top, award winning Realtor, I have a reputation for providing superior results. Trained and Certified as a Master Certified Negotiation Expert, I am Committed to the success of every client I work with.

Currently I serve my profession in Real Estate as Vice President of the Association of Interior Realtors. While President of the South Okanagan Real Estate Board, in 2020, I was a part of the exciting work done to see two Interior Real Estate Boards merge, creating a more efficient and client focused experience for people wishing to purchase and sell property within the greater Okanagan region. My work with the South Okanagan Real Estate Board also included; Chair of the Membership Services and Education Committees and Co-Chair of the Professional Standards Committee. Having also served as an Alternate Director for the Regional District Okanagan Similkameen for 10 years and Chair of the Area F Park Commission for over 7 years, I believe strongly in giving back to my community.

Raised in the Okanagan, it was my dream as an adult to return to our beautiful valley. Having called Penticton home now for over 17 years, not a day goes by that I don’t appreciate all that our community has to offer. With 2 wonderful kids, Garrett and Madi and my husband John, we can often be found enjoying a weekend on the water in the summer and most often spend time during the winter enjoying all that Apex Mountain Resort has to offer.

My most important role in Real Estate is to help my clients make their property purchase or sale a positive and successful experience. I am excited to help get your home sold!

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