2560 Springfield Road | $3,488,000
Minerva Muresu Agent Photo
Minerva
Muresu
C. (778) 581-0020
 P. (250) 869-0101
 Phone Minerva http://www.minerva-muresu.c21.ca
CENTURY 21 ASSURANCE REALTY LTD
251 Harvey Ave
 Kelowna, BC
 Canada V1Y 6C2

Details

%
Years (35 year max)
Years



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

Location

Use two fingers to move the map
Street View Satellite
Use two fingers to scroll demographics
Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
(click to close)

About

Mother of 2, Globe trotter, health advocate, entrepreneur and now an award winning realtor based in Kelowna BC.

Arrived for the first time to Kelowna in 2010 as tourist and visiting this town regularly after that.  In 2014, she returned with her family to live in the Okanagan Valley permanently.   

Minerva  overcame cancer and became very strong in her advocacy to promote healthier life style, inspiring everyone with her knowledge and personal experience.   She started her business in short term rental during her first 4 years in Kelowna, hosting guests in their Dilworth homes. Traveling to different countries was inevitable with family members working on cruise ships, homes in the Philippines and Italy.  She had been to 96 countries so far and promotes the Okanagan Valley to be one of the most beautiful places to live.

In 2021, she challenged the Real Estate examination and became licensed realtor in British Columbia.  Minerva represented over 20 clients from the Okanagan Valley who are mostly first time home buyers made her to be Rank Number 1 (tied with 2 realtors) Representing Buyers in Kelowna. She is dedicated in serving the Filipino community who needs someone who can speak Tagalog, understands the needs and wants of families and dedicated enough to guide and prepare first time home buyers  while also working with clients outside of the Filipino community.  She establishes her brand by celebrating her client’s move in day as a unique experience.  Per Minerva, the best part of her work is making very strong connection with a lot of people and serving them not only as clients in real estate but as extended families in Canada.  

She was chosen to be one of the panelists in 2023 Asian Heritage week.  Minerva was voted Secretary in the Board of Officers for the Okanagan Filipino Asian Club in January 2024.  On April 13, 2024, she put together a concert along with some friends to showcase local bands and singers at the Okanagan Mission Hall to give a different experience, discover talents, provide more income for food and drink vendors, promote culture and support local businesses. Her vision is to help the community grow in love, prosper families, honor traditions and strengthen camaraderie and immersing other cultures into the Canadian way of life and help bring the best in everyone she comes in contact with.  "Meaningful Moves" is her slogan which is giving her clients a memorable and enjoyable experience to celebrate their venture into real estate investing.