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Mathieu Bedard *PREC

clients@experiencekelownagroup.com +1(250) 275-4870

$ 3,488,000

Est. payment -/mo

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Active

2560 Springfield Road Kelowna, BC V1X1C2

5 Beds

3 Baths

2,240 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,240 sqft

Price per Sqft $1,557

Subdivision Rutland South

MLS® Listing ID 10275592

Style Split level entry

Bedrooms 5

Originating Board Association of Interior REALTORS�

Year Built 1972

Lot Size 0.650 Acres

Acres 28314.0

Property Description

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:24570)

Location

Province BC

Zoning Unknown

Rooms

Extra Room 1 Second level 6'4'' x 5'5'' Laundry room

Extra Room 2 Second level 13'7'' x 11'11'' Primary Bedroom

Extra Room 3 Second level 10'9'' x 10'2'' Bedroom

Extra Room 4 Second level 8'7'' x 4'10'' 4pc Bathroom

Extra Room 5 Second level 14'0'' x 13'0'' Living room

Extra Room 6 Second level 12'0'' x 8'4'' Dining room

Interior

Heating Baseboard heaters,

Cooling Wall unit

Flooring Carpeted, Laminate, Tile, Vinyl

Exterior

Garage Yes

Garage Spaces 1.0

Garage Description 1

Community Features Pets Allowed, Rentals Allowed

Waterfront No

View Y/N Yes

View City view, View (panoramic)

Roof Type Unknown,Unknown

Total Parking Spaces 10

Private Pool No

Building

Lot Description Level

Sewer Municipal sewage system

Architectural Style Split level entry

Others

Ownership Freehold

Listed by Coldwell Banker Horizon Realty

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Mathieu Bedard *PREC

Agent / Team Leader | License ID: 1240875

+1(250) 275-4870

Mathieu Bedard *PREC

Mathieu Bedard *PREC

2560 Springfield Road Kelowna, BC V1X1C2

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2560 Springfield Road