2560 Springfield Road
Rutland South, Kelowna
$3,488,000
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Listing 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)
Level lot, Corner Site
City: Kelowna
Neighborhood: Rutland South
Rooms
Room dimensions for 2560 Springfield Road, Kelowna
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About 2560 Springfield Road, Kelowna
Located at 2560 Springfield Road , this Kelowna house is available for sale. This property was listed for $3,488,000 on Fri Nov 15 2024. This house's size is 2240 sqft Sqft. It has 5 bedrooms and 3 bathrooms. The property includes the following rooms: Laundry room, Primary Bedroom, Bedroom, 4pc Bathroom, Living room, Dining room, Kitchen, 4pc Bathroom, Primary Bedroom, Bedroom, Kitchen, Living room, 4pc Bathroom, Primary Bedroom, Living room, Kitchen. This property comes with 10 parking spots. 2560 Springfield Road, Kelowna is situated in the Rutland South neighbourhood.
MLS#: 10275592 · $3,488,000 · 5 bedroom house in Rutland South, Kelowna