2560 Springfield Road | $3,488,000
Sergej Sinicin* Agent Photo
Sergej
Sinicin*
C. (236) 300-2737
P. (833) 817-6506
Phone Sergej http://www.neuhouzz.ca
EXP REALTY
645 Main Street
Penticton, BC
Canada V2A 5C9

Details

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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


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About

Sergej was born in Riga, Latvia.  At the young age of 16, he ventured out on his own and moved to Canada with only $200 in his pocket.  He later married a local girl from Saskatchewan and together they worked tirelessly to build and establish several successful businesses.  Destined for new beginnings, Sergej and his wife, Laura, capitalized and sold two of their companies in 2012, planning to retire in the heart of the beautiful Okanagan (Penticton) at an early age of 34.

Applying his "3-D" principles (Discipline/Desire/Dedication) along with his core values of integrity, accommodating the needs of his clients, and delivering “Above-and-Beyond” service, Sergej has been successful in all of his past business endeavors.

Sergej has a strong background in house construction, metal fabrication, sales, and marketing.  His fluency in English, Russian and Latvian has been supportive in his experience, allowing him to improve business relationships with foreign clients. Another one of Sergej's core values is to give back to the community, which led him to join a local volunteer Fire Department in 2013.  He is very passionate about this and feels fortunate to be a part of such an elite group of people.

The beautiful outdoors is one of the main reasons Sergej moved to the Okanagan with his family. In winter he enjoys carving through deep powder at Apex;  in summer you may find him on the water, behind a boat, enjoying a 'skookum wake' while surfing with friends and family.

Sergej Sinicin is a member of the Canadian Real Estate Association and subscribes to its strict Code of Ethics.