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2560 Springfield Road | $3,488,000
Tanya Grant Agent Photo
Tanya
Grant
C. (250) 864-8484
 P. (250) 717-5000
 Phone Tanya tanyagrant.ca
RE/MAX KELOWNA
100 - 1553 Harvey Avenue
 Kelowna, BC
 Canada V1Y 6G1

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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

Being a business owner since 1995 has helped me focus on providing excellent customer service. My attention to detail and organizational skills are second to none. I excel at identifying my clients' needs and helping them achieve their goals. I am a student of negotiations with my Master Certified Negotiation Expert ( MCNE) designation.

 I am constantly striving to further my education, bringing even more skills and value to the table. Several years ago,  I obtained my Certified Luxury Home Marketing Specialist Designation. (CLHMS) I have custom built and renovated numerous personal homes and investment properties, while working with builders, contractors, and various trades. Having lived in major centres, in the isolated North, and small towns across the country, I am more convinced every day that Kelowna is, without a doubt the best place in Canada to call home!!

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