2560 & 685 Springfield & Ziprick Road Kelowna, British Columbia V1X 1C2
$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:38892)
Property Details
| MLS® Number | 10275594 |
| Property Type | Vacant Land |
| Neigbourhood | Rutland South |
| Amenities Near By | Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area |
| Features | Level Lot, Corner Site |
| View Type | City View, View (panoramic) |
Building
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Current Use | Development Commercial |
| 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 |
Utilities
| Natural Gas | At Lot Line |
https://www.realtor.ca/real-estate/25625319/2560-685-springfield-ziprick-road-kelowna-rutland-south
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 08 2024 05:21:41
Okanagan-Mainline Real Estate Board
Coldwell Banker Horizon Realty
Powered by AgentPlug.com