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2560 Springfield Road | $3,488,000
Tammy Schembri Agent Photo
Tammy
Schembri
C. (250) 442-9866
 Phone Tammy www.realestategrandforksbc.com
RE/MAX Four Seasons (Grand Forks)
1815b Central Avenue
 Grand Forks, BC
 Canada V0H 1H2

Details

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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

Born and raised in the Boundary area Tammy left only to return to the serenity of the sunshine valley in 2007. She enjoys all that the Grand Forks area has to offer such as floating down the Kettle River, taking her dog for a walk along the Trans Canada Trail or playing a round of golf at Christina Lake which makes for a perfect place to call home.

Being licensed since 2013 and her years of experience in public sales and customer service Tammy has the acquired knowledge, attention to detail and listening skills for a trustworthy professional that clients expect when buying or selling their property. Tammy strives to create comfortable and positive relationships with all her clients during the buying or selling process. 

Contact Tammy for a personal approach to guide you through the real estate experience.

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