Mason
444 School Avenue, Box 220
Oliver, BC
Canada V0H 1T0
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
Sonia grew up on her family’s farm in the Lower Mainland. Summer trips to the Okanagan fostered a love for the area and over 20 years ago she decided to make Oliver home, raising a family with 3 beautiful daughters. Sonia has never regretted the move and thoroughly enjoys everything the sunny Okanagan has to offer: spectacular scenery, wonderful climate, abundant outdoor activities, and most of all, the friendly people.
Sonia has extensive customer service experience. She was a travel agent for a number of years, then most recently worked in education as an Educational Assistant while also managing a home business at the same time. One common thread linking all of her work remains the same; Sonia enjoys working with and helping people attain their goals.
Sonia has always been intrigued by Real Estate, having been involved in many personal real estate deals herself. These experiences, coupled with a strong desire to become more involved in the industry, led her to obtain her license and work in the community she loves. She can assist you with buying or selling a residential property in the South Okanagan, and specializes in the Oliver area.
Sonia is not afraid of working hard and prides herself on being honest, reliable and providing exceptional service. She has an energetic spirit and has a passion for helping others find their perfect home. Sonia’s primary goal is to provide you with the utmost positive experience along with expertise in the local market. She is committed to her clients and will provide assistance every step of the way. By choosing Sonia to be your realtor, whether you are relocating or making a change locally, you will have a wonderful real estate experience with someone you can trust.