Notify me of more listings like this...

Create your own personal listing search:

  • Get a specialty tailored website for all your matched properties.
  • Get notified immediately as a new property matches your search criteria.
  • Track properties as they sell.
  • Follow market trends and stats.
  • Gain access to all property details.
Always FREE, Sign up in under 1 minute!

Get Started
2560 Springfield Road | $3,488,000
Nikki Newhouse Agent Photo
Nikki
Newhouse
C. (604) 819-4035
 P. (250) 295-1585
 Phone Nikki
ROYAL LEPAGE PRINCETON REALTY
136 Vermilion Ave, Po Box 868
 Princeton, BC
 Canada V0X 1W0

Details

%
Years (35 year max)
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

Location

Use two fingers to move the map
Street View Satellite
Use two fingers to scroll demographics
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.
(click to close)

About

Allow me to introduce myself, my name is Nikki. I have been actively working as a REALTOR® in the Princeton area since 2015

I moved to Princeton from the Fraser Valley years ago and I love it!! Here are my three reason WHY I believe in Princeton . 

#1 The people are fantastic, this is found in the friendly waves and smiles from a passer by. This is noted in the authentic connections you can find in a simple greeting or transaction at the store and this is felt in trust and security that has been displayed.

#2 The environment!! Dry in the best kind of way, solid grey days above when are friends to the west are surrounded in rain. Snowy winters, with the light stuff making it so much easier to shovel and a dry heat in the summer that cools to reset over night. 

#3 The growth and change in the years since I first arrived. When I started with BC Ambulance the hospital closed the doors to Emergency department at 12. Not long after the population started to grow and the demand was required for 24 hour care they are now open 24 hours a day. I am so impressed with the hospital care our small town provides and when in need the newly renovated and improved Penticton Hospital is near by for further diagnostics and treatment. The change in the population has been an inspiring experience, with like minded followers relocating from the lower mainland to the Similkameen Valley, I am thrilled.  Gradually we are seeing new builds with a demand for more, I look forward to seeing the continuing change and growth in our community in the future ahead. 

 This is a bit about WHY I believe, change is ahead for this year and if you are considering a new option try me, Nikki Newhouse independent REALTOR®. 
Next
The blue circle drawn on the map represents the area which is most likely to contain listings comparable to 2560 Springfield Road. If you wish, you may adjust the circle by dragging the white center handle to move it, or dragging one of its other white handles to resize it. Press the 'Next' button at the top when finished.

Adjust the values below if necessary

Bedrooms
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+
Bathrooms
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+

When finished, press the 'Next' button

When the sign up process is complete, you will receive an email which will contain login details and additional information to access your listings

The User acknowledges and agrees that real estate information provided through the PCS system is general in nature and does not constitute the provision of trading services to a consumer as defined in the Real Estate Services Act.

"trading services" means any of the following services provided to or on behalf of a party to a trade in real estate:

  1. advising on the appropriate price for the real estate
  2. making representations about the real estate
  3. finding the real estate for a party to acquire
  4. finding a party to acquire the real estate
  5. showing the real estate
  6. negotiating the price of the real estate or the terms of the trade in real estate
  7. presenting offers to dispose of or acquire the real estate
  8. receiving deposit money paid in respect of the real estate

but does not include an activity excluded by regulation.

By accessing the information a User does not establish or consent to an agency or any other relationship with the REALTOR® who is providing the User with access to this service.

Before providing trading services to or on behalf of a party to a trade in real estate, a REALTOR® must disclose to the party whether or not the REALTOR® will represent the party as a client. The User further acknowledges that should they wish to receive information other than that of "general" information or to engage the REALTOR® for any of the above referenced Trading Services activities, they may contact the REALTOR® who will, as required by the Real Estate Rules, present to the consumer the Disclosure of Representation in Trading Services form, and explain the special legal duties real estate professionals owe to their clients and help you choose whether you want to be a client of the REALTOR® or an Unrepresented Party, with no real estate professional representing you.

I agree, sign me up
Thank you! You will receive an email shortly, which will contain login details and additional information to access your listings. Close Oops, there was a problem signing up:

Try Again
Cancel