Hedrich
Box 459
Chase, BC
Canada V0E 1M0
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
I joined the Riley & Associates team in 2000. My real estate career began in 1993. These years of licensing gave me extensive knowledge to make selling or buying a home as easy and worry free as possible. I was born in Germany and moved from Ontario to the beautiful Shuswap area in 1999. Specializing in acreages and rural properties, I use my fluency in German to aid foreign investors and newcomers to Canada.
Ich bin das deutsche Mitglied des Riley Teams. Seit 1981 lebe ich mit meiner Familie in Kanada und habe das wunderschöne B.C. meine Heimat gemacht. Ich bin seit 1993 Makler und habe Zugang zu Geschäften sowie wunderschönen Grundstücken von denen man nur träumen kann. Ob sie einen Bauernhof oder ein schönes Grundstück mit Rundstammhaus wollen, es ist noch alles erhältlich hier in Kanada. Wenn Sie Unterkunft oder einen deutschen Dolmetscher brauchen, es ist kein Problem, ich kann das alles organisieren. Ich freue mich über ihren Anruf.