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2560 Springfield Road | $3,488,000
Gord Marshall Agent Photo
Gord
Marshall
C. (250) 265-1862
 P. (250) 265-3635
 Phone Gord www.selkirkrealty.com
Royal LePage Selkirk Realty
306 Broadway Street Po Box 40
 Nakusp, BC
 Canada V0G 1R0

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

Nakusp has been my home for the past 63 years. I love it here! We have all of the essential amenities and the Arrow Lakes Valley is truly a 4 season playground. I have been married for 36 years and we have 4 great kids. We have been involved in minor hockey, soccer and baseball over the years; as well as, 18 years on the Mixed Slo-Pitch Society. I am proud to have been involved in maintaining and building our ball fields. I'm still strapping on the pads for the Old Timer's Hockey Club and I also belong to the Badminton Club. My other interests include camping, boating, quadding, snowmobiling, gardening & hobby farming. I have enjoyed being a REALTOR ® for 31 years. Prior to that, I was a carpenter for 15 years. I believe my background in construction has helped me with the marketing of old and new houses alike. I strive to represent all of my clients respectfully and fairly, in a professional manner. Contact me today!

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