Manyluk
100 - 1553 Harvey Avenue
Kelowna, BC
Canada V1Y 6G1
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
I moved here from Edmonton, Alberta in October 2021 with my beautiful wife Lyndsay, a wedding photographer, and our cat, Penner. I love the Okanagan not only for its local shops, wineries, and restaurants, but also for it’s outdoor activities like paddle-boarding, hiking, swimming, and floating in the lake.
I have 18 years of experience selling new homes for top builders, along with involvement in helping people buy and sell a variety of properties from duplexes, townhomes, custom single family homes and stratas. In 2022 after much encouragement from the people I love and have worked with I got my license in 2022. I love helping first time buyers, mover uppers, down-sizers and even investors realize their house dreams and goals. I can’t imagine doing anything different.
When I am not helping my clients buy or sell, you can find me reading, listening to podcasts, being creative on social media, and paddle boarding with my wife.
I look forward to working with you.