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MLS: 10275592

2560 Springfield Road

2240 sqft

5 Bedrooms

3 Bathrooms

$3,488,000

PHONE: 250-717-5000

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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 New

Listed 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

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Listings tagged as 4+ bedrooms

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2240
sqft

5
Bed

3
Bath

2560 Springfield Road, Kelowna

$3,488,000

Mackenzie Otteson of Coldwell Banker Horizon Realty

Property Search

2560 Springfield Road

2240 sqft

5 Bedrooms

3 Bathrooms

$3,488,000

Request More Info

Listed by Mackenzie Otteson

Coldwell Banker Horizon Realty

Share this listing

Overview

Contact an agent for more information or to set up a viewing.

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