Nguyen PREC*
129 Nanaimo Avenue W
Penticton, BC
Canada V2A 1N2
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
Thank you for taking the time to read this section. I started this life journey in Vietnam for the first five years. My parents decided to leave their home country to start a new life in Canada, setting down roots in the most beautiful place in Canada, the Okanagan Valley. It was in Kelowna, the largest City in the Okanagan, where I grew up with my two younger brothers. While attending the local college I met my beautiful wife, Diane. I moved south to her hometown of Penticton and we've had two amazing kids who keep us busy!
My work journey started with many retail outlets but my career began in the banking industry, where I spent almost five years. I departed from the bank to try my hands at a Notary office and learn the back end of real estate. This is where I gained knowledge of land transfers and mortgage registrations. Eventually, I left the Notary office and became a mortgage broker and this experience gave me invaluable insight into underwriting loans, and procuring mortgages that fit my clients finances. While I was a mortgage broker, I felt I could provide honest, reliable and professional advice to buyers/sellers and that I could truly make a difference to those that wanted to buy or sell a home. After seeing my brother assist his clients as a realtor, I decided to make the move.
Buying or selling a home can be stressful, tiring and overwhelming. I fully understand this and so my primary mission is to ensure my clients have as smooth of a transaction as possible. To do this, I believe going above and beyond at every step of the process. I feel building a relationship with all of my potential and maintaining that relationship with my current clients is the key to accomplishing this mission. I view all my clients as good friends, and as such will do whatever it takes to help them out.
I am grateful and blessed to be able to live in a wonderful city and assist my friends in buying or selling their homes. If you or anyone else you know are interested in moving forward with buying or selling, please consider my services.