2560 Springfield Road, Kelowna, British Columbia

$3,488,000

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5

Beds

3

Baths

2,240

Square feet

0.65

Acres

About 2560 Springfield Road

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 currently zoned RU1 (2560 Springfield Rd) & RU4 (685-675 Ziprick Rd). The Sellers have submitted a rezoning application to MF2 (FAR 1 + 0.15 bonus) & 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. 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 ha 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!? (id:6289)

2560 Springfield Road, MLS#: 10275592 is located in the Rutland South neighborhood of Kelowna, British Columbia, Postal Code: V1X1C2. The Freehold home is 2,240 sq. ft. with 5 bedrooms and 3 bathrooms, along with 1 garages.

The Single Family Freehold property was constructed in 1972.

The property is currently listed at $3,488,000.

Features of 2560 Springfield Road

Listing # 10275592
Price $3,488,000
Bedrooms 5
Bathrooms 3.00
Square Footage 2,240
Acres 0.65
Year Built 1972
Type Single Family
Sub-Type Freehold
Style Split level entry

Community Information: Kelowna

Address 2560 Springfield Road
Subdivision Rutland South
City Kelowna
Province British Columbia
Postal Code V1X1C2

Amenities of 2560 Springfield Road

Amenities Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Features Level lot, Corner Site
Parking Spaces 10
Parking Attached Garage, See Remarks
# of Garages 1
View City view, View (panoramic)
Is Waterfront No
Has Pool No

Interior of 2560 Springfield Road

Heating Electric Baseboard heaters
Cooling Wall unit
Fireplace No
Has Basement No

Exterior of 2560 Springfield Road

Exterior Stucco, Composite Siding
Exterior Features Level
Roof Asphalt shingle,Unknown

Additional Information On 2560 Springfield Road

Zoning Unknown

Listing Details

OfficeColdwell Banker Horizon Realty

Map To 2560 Springfield Road, Kelowna

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