MLS: 10275592
2560 Springfield Road
2240 sqft
5 Bedrooms
3 Bathrooms
$3,488,000
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!? (id:6770)
Investment Opportunities 3+ bedrooms 4+ bedrooms 5+ bedrooms Single Family Home < 1 Acre NewListed by Mackenzie Otteson
Coldwell Banker Horizon Realty
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Overview
- Price $3,488,000
- MLS # 10275592
- Age 1972
- Size 2240 sqft
- Bedrooms 5
- Bathrooms 3
- Exterior Stucco, Composite Siding
- Cooling Wall Unit
- Water Municipal water
- Sewer Municipal sewage system
- Flooring Carpeted, Laminate, Tile, Vinyl
- Listing Agent Mackenzie Otteson
- Listing Office Coldwell Banker Horizon Realty
- View City view, View (panoramic)
- Landscape Features Level
Contact an agent for more information or to set up a viewing.
Listings tagged as 3+ bedrooms
Lot 4 Lakeshore Road Lot# 4, Kelowna
$4,999,900
Stephanie Gilchrist of Coldwell Banker Horizon Realty
2560 & 685 Springfield & Ziprick Road, Kelowna
$3,488,000
Mackenzie Otteson of Coldwell Banker Horizon Realty
Listings tagged as Investment Opportunities
2560 & 685 Springfield & Ziprick Road, Kelowna
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Mackenzie Otteson of Coldwell Banker Horizon Realty
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Scott Marshall of Sotheby's International Realty Canada
Content tagged as Faces of Kelowna
Listings tagged as 4+ bedrooms
Lot 4 Lakeshore Road Lot# 4, Kelowna
$4,999,900
Stephanie Gilchrist of Coldwell Banker Horizon Realty
2560 & 685 Springfield & Ziprick Road, Kelowna
$3,488,000
Mackenzie Otteson of Coldwell Banker Horizon Realty
Listings tagged as 5+ bedrooms
Lot 4 Lakeshore Road Lot# 4, Kelowna
$4,999,900
Stephanie Gilchrist of Coldwell Banker Horizon Realty
