Kelowna, BC V1X1C2 2560 Springfield Road
$3,488,000
30 more
Presented By: Coldwell Banker Horizon Realty
Home Details
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:7434)
Presented By: Coldwell Banker Horizon Realty
Interior Features for 2560 Springfield Road
Other Interior Features
Basement TypeFull
Building Fireplace PresentFalse
Building Heating FuelElectric
Building Heating TypeBaseboard heaters
Construction Style AttachmentDetached
Flooring TypeCarpeted, Laminate, Tile, Vinyl
General for 2560 Springfield Road
AmenitiesGolf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Building Architectural StyleSplit level entry
Building Cooling TypeWall unit
Building TypeHouse
Community FeaturesPets Allowed, Rentals Allowed
FeaturesLevel lot, Corner Site
NeighbourhoodRutland South
Ownership TypeFreehold
Parking Space Total10
Property TypeSingle Family
ZoningTypeUnknown
Exterior for 2560 Springfield Road
Building Roof MaterialAsphalt shingle, Unknown
Building Roof StyleUnknown, Unknown
Exterior FinishStucco, Composite Siding
Land Amenities Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Landscape FeaturesLevel
SewerMunicipal sewage system
ViewTypeCity view, View (panoramic)
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty