Moneca Tayler
Real Estate Professional
Questions? Call: (778) 760-3787
MLS® 10275592 is as 2,240sqft House located at 2560 Springfield Road, in Kelowna British Columbia. The property features 5 bedrooms, and 3.00 bathrooms.
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)
| Avg. asking price | $1,281,835 |
| Price per sq. ft. | $672 |
| Median price | $923,400 |
| Number of homes for sale in Rutland South | 72 |
| Number of homes for sale in Kelowna | 2084 |
| Avg. Days on Market | N/A |
Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Carpeted, Laminate, Tile, Vinyl,,,,,,,,,,,,,,,,Drywall
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