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2560 Springfield Road

5 Bedroom | 3 Bathroom | 2240 sqft

$3,488,000

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:50889)

Property Details

MLS® Number

10275592

Neigbourhood

Rutland South

Amenities Near By

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

Community Features

Pets Allowed, Rentals Allowed

Features

Level Lot, Corner Site

Parking Space Total

10

View Type

City View, View (panoramic)

Building

Bathroom Total

3

Bedrooms Total

5

Architectural Style

Split Level Entry

Basement Type

Full

Constructed Date

1972

Construction Style Attachment

Detached

Construction Style Split Level

Other

Cooling Type

Wall Unit

Exterior Finish

Stucco, Composite Siding

Flooring Type

Carpeted, Laminate, Tile, Vinyl

Heating Fuel

Electric

Heating Type

Baseboard Heaters

Roof Material

Asphalt Shingle,unknown

Roof Style

Unknown,unknown

Size Interior

2240 Sqft

Type

House

Utility Water

Municipal Water

Land

Acreage

No

Land Amenities

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

Landscape Features

Level

Sewer

Municipal Sewage System

Size Frontage

169 Ft

Size Irregular

0.65

Size Total

0.65 Ac|under 1 Acre

Size Total Text

0.65 Ac|under 1 Acre

Zoning Type

Unknown

Rooms

Level Type Dimensions
Second Level Laundry Room 6'4'' x 5'5''
Second Level Primary Bedroom 13'7'' x 11'11''
Second Level Bedroom 10'9'' x 10'2''
Second Level 4pc Bathroom 8'7'' x 4'10''
Second Level Living Room 14'0'' x 13'0''
Second Level Dining Room 12'0'' x 8'4''
Second Level Kitchen 12'0'' x 9'10''
Basement 4pc Bathroom 12'8'' x 5'4''
Basement Primary Bedroom 11'7'' x 10'5''
Basement Bedroom 11'8'' x 8'0''
Basement Kitchen 10'0'' x 9'0''
Basement Living Room 24'0'' x 11'11''
Main Level 4pc Bathroom 6'5'' x 5'0''
Main Level Primary Bedroom 11'10'' x 6'2''
Main Level Living Room 13'8'' x 11'10''
Main Level Kitchen 9'6'' x 7'0''

Interested?

Contact us for more information

team green group photo 250-492-2266 info@teamgreen.ca

Let me know how I can assist you.

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