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2560 Springfield Road | $3,488,000
Jonathan Wall* Agent Photo
Jonathan
Wall*
C. (604) 202-3771
 P. (778) 622-3446
 Phone Jonathan Jonathanwallrealestate.com
ENGEL & VOLKERS SOUTH OKANAGAN
467 Main Street
 Penticton, BC
 Canada V2A 5C4

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

Thank you for visiting and trusting me with one of your most important financial transactions. Choosing the right REALTOR® is more than just a matter of price. Match yourself with the right professional that will guide you through an incredibly complex and likely stressful time. Ask questions and understand their process and how much attention and focus they can provide you and your home. 

 

I have been actively involved in the real estate market for over 20 years with experience in property investment, renovations, and vacation rentals. After a long career in Management with the Vancouver Canucks, I am excited to relocate to the Okanagan and apply my extensive business and analytics experience as a Real Estate Advisor. I have a long history in the Okanagan and am proud to have helped create and run the YoungStars hockey tournament in Penticton since its inception and currently sit as the Chair of the Local Organizing Committee of the event. I currently do regular segments on Sportsnet Vancouver Radio as well, providing additional attention and scope to my marketing efforts.

 

“I want to provide an elevated level of service and use over 20 years of professional experience to help my clients live their Okanagan dream. I connect directly into the major markets in Canada through an extensive professional and personal network while being a proactive presence in the Okanagan community.”

 

With a passion for living in the Okanagan, I am ready to help with your home buying and selling needs and as a proud member of the Engel & Völkers South Okanagan family, I carry the core values of competence, exclusivity, and passion into everything I do.

 

Living in Peachland, I can generally be found on a baseball diamond or soccer field with my kids and enjoying the many Okanagan beaches and lakes, mountain biking and golf.

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The User acknowledges and agrees that real estate information provided through the PCS system is general in nature and does not constitute the provision of trading services to a consumer as defined in the Real Estate Services Act.

"trading services" means any of the following services provided to or on behalf of a party to a trade in real estate:

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