Hudson Prec*
201 - 311 Main Street
Penticton, BC
Canada V2A 5B7
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
MICAH HUDSON | ||
Micah is a full-time, professional real estate negotiator who helps home buyers and sellers make the best financial and lifestyle investment possible. As a research specialist of over 15 years, her data-informed approach helps people make these significant decisions with confidence and clarity. As a resident of the Okanagan for over 10 years she is well informed about both risks and opportunities in this region. Buying or selling a home is a very personal, often emotional decision. As a wife and mother of four, Micah has learned patience, perseverance, understanding and great communication; these are the essential qualities she exercises in every relationship. Micah has always been an entrepreneur with a love for business; in 2011 she co-founded an insulation company which experiencing tremendous growth year after year. She remains personally involved in the venture which continues to thrive in the Okanagan’s booming construction industry. Don’t leave your real estate transaction to chance: call Micah Hudson and get her experience and skill working for you! |