2560 Springfield Road, Kelowna, British Columbia (MLS 10275592)

Single Family Detached for Sale in Kelowna

2560 Springfield Road, Kelowna, BC

  • CA$3,488,000
  • 5 BEDS
  • 3 BATHS
  • CA$3,488,000

Single Family Detached for Sale in Kelowna

2560 Springfield Road, Kelowna, BC

  • CA$3,488,000
  • 5 BEDS
  • 3 BATHS
  • CA$3,488,000

Key Facts

  • MLS® #: 10275592
  • Property ID: SIRC1897834
  • Property Type: Residential, Single Family Detached
  • Year Built: 1972
  • Bedrooms: 5
  • Bathrooms: 3
  • Parking Spaces: 10
  • Listed By:
  • Coldwell Banker Horizon Realty

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:39198)

Rooms

  • TypeLevelDimensionsFlooring
  • Laundry room2nd floor5' 5" x 6' 3.9"Other
  • Primary bedroom2nd floor11' 11" x 13' 6.9"Other
  • Bedroom2nd floor10' 2" x 10' 9"Other
  • Bathroom2nd floor4' 9.9" x 8' 6.9"Other
  • Living room2nd floor13' x 14'Other
  • Dining room2nd floor8' 3.9" x 12'Other
  • Kitchen2nd floor9' 9.9" x 12'Other
  • BathroomBasement5' 3.9" x 12' 8"Other
  • Primary bedroomBasement10' 5" x 11' 6.9"Other
  • BedroomBasement8' x 11' 8"Other
  • KitchenBasement9' x 10'Other
  • Living roomBasement11' 11" x 24'Other
  • BathroomMain5' x 6' 5"Other
  • Primary bedroomMain6' 2" x 11' 9.9"Other
  • Living roomMain11' 9.9" x 13' 8"Other
  • KitchenMain7' x 9' 6"Other

Listing Agents

Coldwell Banker Horizon Realty

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Location

2560 Springfield Road, Kelowna, British Columbia, V1X1C2 Canada

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