Evanoff PREC*
1214 7th Avenue Box 2280
Invermere, BC
Canada V0A 1K0
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
Introducing Joe, Your Trusted Columbia Valley Real Estate Expert
In 1988, I arrived in the breathtaking Columbia Valley with a passion for golf and dreams of a career as a Golf Professional. Little did I know, this picturesque region would capture my heart and become the place I proudly call home. Over the next 28 years, I immersed myself in the dynamic world of golf and hospitality, gaining invaluable experience in every facet of resort operations.
My journey unfolded across golf management, hotel and retail operations, group and event coordination, as well as sales and marketing. These diverse roles not only honed my skills but also provided me with a profound understanding of the intricacies of the real estate industry. Now, as a dedicated Realtor, I bring this wealth of experience to guide you through your real estate journey in the Columbia Valley.
My commitment is rooted in delivering personalized service, ensuring an exceptional client experience at every step. Leveraging the skills cultivated over the years, I am dedicated to utilizing the latest technology, market insights, and data-driven strategies to exceed your expectations. Your satisfaction is my top priority, and I strive to maximize the value and results for each and every client.
With a keen eye for detail and a genuine passion for this stunning region, I am well-equipped to help you navigate the complexities of the real estate market. Whether you're buying, selling, or investing, I am here to be your trusted advisor, providing unparalleled support and expertise.
Embark on your real estate journey with confidence. Choose Joe, your local expert, to turn your Columbia Valley real estate dreams into reality.