2560 Springfield Road

Kelowna, BC V1X1C2 View Map $3,488,000 Schedule a Tour
Beds5
Baths3
Sq.Ft.2,240
Year1972

Andrew Smith

(250) 979-8066

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Status: Active
Property Type:House
MLS #:10275592
Sq. Feet:2,240
On Site:18 Days
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 & RU4. 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 $10,802/month in rents = 129,624/yr. Gross cap rate = approx. 3.72. 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:49859)

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$000 Monthly Payment
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Community Information

Address:2560 Springfield Road, Kelowna, BC V1X1C2
City:Kelowna
Subdivision:Rutland South
Postal Code:V1X1C2

Architecture

Bedrooms: 5
Bathrooms: 3
Year Built:1972
Roof: Conventional, Conventional
Basement Features: Separate entrance
Basement Development: Finished

Features / Amenities

Flooring: Carpeted, Tile, Laminate, Vinyl
Features: Central location, Corner Site, Flat site, Level
Parking: Carport 1, Attached Garage 1
Carport Spaces: 1
Garage Spaces: 1
Cooling: Wall unit
Heating: Baseboard heaters
Heating Fuel: Electric

Rooms

LevelSize
KitchenSecond level12 ft x 9 ft ,10 in
Dining roomSecond level12 ft x 8 ft ,4 in
Living roomSecond level14 ft x 13 ft
Full bathroomSecond level8 ft ,7 in x 4 ft ,10 in
BedroomSecond level10 ft ,9 in x 10 ft ,2 in
Primary BedroomSecond level13 ft ,7 in x 11 ft ,11 in
Laundry roomSecond level6 ft ,4 in x 5 ft ,5 in
Living roomBasement24 ft x 11 ft ,11 in
KitchenBasement10 ft x 9 ft
BedroomBasement11 ft ,8 in x 8 ft
Primary BedroomBasement11 ft ,7 in x 10 ft ,5 in
Full bathroomBasement12 ft ,8 in x 5 ft ,4 in
KitchenMain level9 ft ,6 in x 7 ft
Living roomMain level13 ft ,8 in x 11 ft ,10 in
Primary BedroomMain level11 ft ,10 in x 6 ft ,2 in
Full bathroomMain level6 ft ,5 in x 5 ft

Property Features

Lot Dimensions:0.651 ac|under 1 acre
View: View, City view
Lot Size: 0.651 ac|under 1 acre
Sewer: Municipal sewage system
Water: Municipal water

Schools & Parks

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2560 Springfield Road Kelowna,  BC V1X1C2
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2560 Springfield Road Kelowna, BC V1X1C2
 
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Listing Information Last Updated 6/10/2023
Listing provided courtesy of Coldwell Banker Horizon Realty.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Royal LePage Kelowna are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.