Raven
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
Bernie Raven has been one of the Valley top-producing realtors in the Columbia Valley for the last 27 years. He prides himself in his commitment to his clients, quick response, and attention to detail. His success is due to hard work, honesty, dedication and two very important ingredients reputation and respect. He feels these 5 things will make you or break you. Bernie was born and raised in the Columbia Valley which is where he raised his family.
MaxWell Realty President's Award 2010, 2011, 2012, MaxWell Realty Chairman’s Award 2013, MaxWell Realty Chairman’s Award, Top Team and Hall of Fame 2014, MaxWell Realty President's Award, Top Team 2015, MaxWell Realty President's Award 2016, President’s Award and Pinnacle Award 2017, MaxWell Realty President's Award 2018, Director’s Award 2019, Chairman’s Award 2020, Summit Award 2020, Chairman’s Award 2021, Summit Award 2021, Summit Award 2021 and Top MaxWell Team 3rd by production.
RE/MAX Platinum Club, RE/MAX Chairman’s Club, RE/MAX Hall of Fame, top 100 in Canada for 2007, top 100 in Western Canada for 2008, Gold Club Award Top 10% in the Kootenay Real Estate Board.