2560 & 685 Springfield & Ziprick Road, Kelowna, British Columbia

$3,488,000

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0.65

Acres

About 2560 & 685 Springfield & Ziprick Road

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 & 685 Springfield & Ziprick Road, MLS#: 10275594 is located in the Rutland South neighborhood of Kelowna, British Columbia, Postal Code: V1X1C2. The property is 1 acres in total.

The vacant land is currently listed at $3,488,000.

Features of 2560 & 685 Springfield & Ziprick Road

Listing # 10275594
Price $3,488,000
Bathrooms 0.00
Acres 0.65
Type Vacant Land
Sub-Type Freehold

Community Information: Kelowna

Address 2560 & 685 Springfield & Ziprick Road
Subdivision Rutland South
City Kelowna
Province British Columbia
Postal Code V1X1C2

Amenities of 2560 & 685 Springfield & Ziprick Road

Amenities Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Utilities Natural Gas
Features Level lot, Corner Site
View City view, View (panoramic)
Is Waterfront No
Has Pool No

Interior of 2560 & 685 Springfield & Ziprick Road

Fireplace No
Has Basement No

Exterior of 2560 & 685 Springfield & Ziprick Road

Exterior Features Level

Additional Information On 2560 & 685 Springfield & Ziprick Road

Zoning Unknown

Listing Details

OfficeColdwell Banker Horizon Realty

Map To 2560 & 685 Springfield & Ziprick Road, Kelowna

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