Manazza
645 Main Street
Penticton, BC
Canada V2A 5C9
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
Welcome! I'm Riccardo, a passionate real estate
professional based in Kelowna, BC. With a deep fascination for the real estate
market and a commitment to providing exceptional service, I'm dedicated to
helping individuals and families find their perfect homes.
My enthusiasm and determination drive me to deliver
top-notch results. As a former contractor with a degree in mechanical
engineering, I bring a unique perspective to the real estate field. My
attention to detail ensures that every aspect of your transaction is handled
meticulously, leaving no stone unturned.
Specializing in the vibrant Kelowna market, I strive to
be your trusted guide throughout the buying or selling process. I understand
the value of a home and the significance it holds for you and your loved ones.
My goal is to provide you with personalized service that goes above and beyond
your expectations.
Continual growth and learning are important to me. I
stay up-to-date with the latest trends, market conditions, mortgage rates, and
government programs, ensuring that I provide you with accurate information and
valuable insights. Rest assured, I'm dedicated to keeping you informed and
empowered throughout your real estate journey.
When it comes to client service, I believe in building
lasting relationships based on trust and transparency. Effective communication
is a priority, and I utilize various channels such as phone calls, emails, and
text messages with lots of emojis so that I can provide my clients with updates
and ensure your peace of mind. I'm always available to address your questions
and concerns promptly.
My mission is simple: to find the perfect home for you
or to guide you through a successful investment. I understand the importance of
making informed decisions, and I'm here to provide the information and guidance
you need. Whether you're a first-time buyer or a seasoned investor, I'm
committed to helping you achieve your real estate goals.
In my spare time, I'm passionate about educating people
about the benefits of real estate investment. I firmly believe that real estate
is an excellent long-term investment, as it holds its value, acts as a hedge
against inflation, and provides the essential need for shelter. Through
entertaining and informative videos, I aim to share valuable insights and help
you make sound investment decisions. I'm a well versed investor in Real estate
and all of it's complicated aspects. I have the been there done that attitude
and if I didn't I know somebody that did.
Thank you for considering me as your real estate
professional. I look forward to the opportunity to work with you and be a part
of your real estate journey. Let's connect and explore the exciting
possibilities together!