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Investment signal

$680,000

1456 Springfield Road

Save this home

Beds

2

Baths

2

Sqft

Year

1983

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Unlock the potential of this centrally located property at 1456 Springfield Road — a great opportunity in one of Kelowna’s most connected and high-demand corridors. With UC2 zoning, this lot offers a range of development possibilities, including multi-family, mixed-use, or live/work configurations (up to 6 stories with city approval). Sitting on a flat 6,011 sq ft lot, this 2-bedroom, 2-bath rancher provides a solid foundation for rental income, personal use, or immediate redevelopment. The property is nestled in the heart of Springfield/Spall, walking distance to shopping, schools, parks, and major transit routes — making it a smart acquisition for any stage of your investment journey. Whether you're a first-time buyer looking for land value, a builder planning your next infill project, or an investor holding for future growth, this is an opportunity to secure a UC2-zoned property in a thriving part of Kelowna. (id:65958)

Subtype
Single Family
Architectural style
Ranch
Structure
House
Community
Springfield/Spall
Common interest
Freehold
Living area
1,180 square feet
Lot size
0.14 acres
Lot dimensions
0.14
Parking
1 total
Stories
1
On market
Apr 20, 2026
Status changed
Apr 20, 2026
Annual tax
$3,610.97
Photos
11
MLS#
10381765
Area
KELOWNA

Features and systems

Parking

Attached Garage

Heating

Electric

Cooling

Wall unit

Exterior

StuccoAluminum

Roof

Asphalt shingleUnknown
Negative cash flow ~$768/mo at these assumptions

Cash on cash

-6.78%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,208

Financing

Down payment$136,000
Loan amount$544,000
Mortgage$2,756/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$312
Insurance$80
Maintenance$567
CapEx reserve$283
Vacancy loss$170

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,756/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.

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