2560 Springfield Road. Kelowna, British Columbia V1X1C2

$3,488,000

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  • 5 Beds
  • 2,240 SqFt
  • $1,557.14 / SqFt
  • Neighbourhood: Rutland South
  • HOA: N/a
  • MLS® #: 10275592
  • Year Built: 1972

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MLS® 10275592 is as 2,240sqft House located at 2560 Springfield Road, in Kelowna British Columbia. The property features 5 bedrooms, and 3.00 bathrooms.

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 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:6289)

2560 Springfield Road - Subdivision Statistics

Avg. asking price $985,431
Price per sq. ft. $514
Median price $822,450
Number of homes for sale in Rutland South 44
Number of homes for sale in Kelowna 1861
Avg. Days on Market N/A

Essential Information

  • Listing #10275592
  • Price$3,488,000
  • Bedrooms5
  • Bathrooms3.00
  • Square Footage2,240
  • Acres0.65
  • Year Built1972
  • TypeSingle Family
  • Sub-TypeHouse
  • StyleSplit level entry

Amenities

  • FeaturesLevel lot, Corner Site
  • Parking Spaces10
  • ParkingAttached Garage, See Remarks
  • # of Garages1
  • GaragesAttached Garage
  • ViewCity view, View (panoramic)

Interior

  • HeatingElectric Baseboard heaters
  • CoolingWall unit
  • BasementFull

Exterior

  • ExteriorStucco, Composite Siding
  • Exterior FeaturesLevel
  • Lot DescriptionLevel lot, Corner Site
  • RoofAsphalt shingle,Unknown

Listing Details

  • Listing OfficeColdwell Banker Horizon Realty

Community Information

  • Address2560 Springfield Road
  • SubdivisionRutland South
  • CityKelowna
  • ProvinceBritish Columbia
  • Postal CodeV1X1C2

Amenities

Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area

Interior Features

Carpeted, Laminate, Tile, Vinyl,,,,,,,,,,,,,,,,Drywall

Additional Information

  • ZoningUnknown

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Easy List Realty
Request a showing of 2560 Springfield Road, a 5 bedroom, 3.00 bathroom House in Rutland South, Kelowna. Built in 1972 and approximately 2,240 square feet in size, MLS #10275592 is currently listed for $3,488,000. To schedule a property tour, contact us at KelownaHomes.ca