2560 Springfield Road, Kelowna, British Columbia, V1X 1C2

$3,488,000

MLS® # 10275592

House For Sale In Rutland, Kelowna, British Columbia

$3,488,000

  • 5

    Bedrooms

  • 3

    Baths

  • 10

    Parking Spaces

Property Information:

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 (2560 Springfield Rd) & RU4 (685-675 Ziprick Rd). 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 $11,052/month in rents = 132,624/yr. 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 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:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Air Conditioning: Yes
  • Architectural Style: Split level entry
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Construction Style - Split Level: Other
  • Exterior Finish: Stucco
  • Floor Space: 2240 Square Feet
  • Flooring Type: Carpeted, Laminate, Tile, Vinyl
  • Roof Material: Asphalt shingle, Unknown
  • Roof Style: Unknown, Unknown
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Cooling Type: Wall unit

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 5
  • Bathrooms: 3
  • Amenities Nearby: Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
  • Built in: 1972
  • Community Features: Pets Allowed, Rentals Allowed
  • Features: Level lot, Corner Site
  • Floor Space (approx): 2240.00 Square Feet
  • Landscape Features:
  • Lot Frontage: 169.0 Feet
  • View Type: City view, View (panoramic)
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system
  • Parking Type: See Remarks, Attached garage
  • No. of Parking Spaces: 10

Rooms:

  • Laundry 2nd Level 6'4'' x 5'5''
  • Primary Bedroom 2nd Level 13'7'' x 11'11''
  • Bedroom 2nd Level 10'9'' x 10'2''
  • Bathroom 2nd Level 8'7'' x 4'10''
  • Living 2nd Level 14'0'' x 13'0''
  • Dining 2nd Level 12'0'' x 8'4''
  • Kitchen 2nd Level 12'0'' x 9'10''
  • Bathroom Basement Level 12'8'' x 5'4''
  • Primary Bedroom Basement Level 11'7'' x 10'5''
  • Bedroom Basement Level 11'8'' x 8'0''
  • Kitchen Basement Level 10'0'' x 9'0''
  • Living Basement Level 24'0'' x 11'11''
  • Bathroom Main Level 6'5'' x 5'0''
  • Primary Bedroom Main Level 11'10'' x 6'2''
  • Living Main Level 13'8'' x 11'10''
  • Kitchen Main Level 9'6'' x 7'0''

Courtesy of: Coldwell Banker Horizon Realty

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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