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2560 Springfield Road | $3,488,000
Janet Herron* Agent Photo
Janet
Herron*
C. (250) 486-1907
 P. (833) 817-6506
 Phone Janet http://www.HerronHomes.ca
EXP REALTY
645 Main Street
 Penticton, BC
 Canada V2A 5C9

Details

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Years



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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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

About Janet

Janet’s inspiration as a full service real estate professional is driven by “Creating Happy Clients”!  She services the South Okanagan and connects buyers and sellers to help fulfill their real estate needs in a professional and friendly way.  She is also an licensed insurance & financial processional so she can advise her clients on ways to protect their families, their assets and on creative opportunities to make their hard earn money work for them.

As a natural people person, she is inspired daily with her work because it changes constantly with every person she meets. “I focus on providing the best service possible in a time when service is being forgotten.  This inspires me to learn more, to be better at what I do, and provide better service.”

Janet first came to the Okanagan in 2008 on a holiday with her husband, who was raised in Penticton, she immediately loved everything about Penticton: the people, the picturesque sceneries of lake, mountains and valleys, the weather, and of course the food and the wine.    “This is a great community with all the necessary amenities to compliment the small town feel.  I love that you can walk down the street and be greeted with a nice hello.  This is truly a place to stay forever!”

I welcome you to come and explore the South Okanagan…


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