2560 & 685 Springfield & Ziprick Road. Kelowna, British Columbia V1X1C2

$3,488,000

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  • Neighbourhood: Rutland South
  • HOA: N/a
  • MLS® #: 10275594
  • Year Built:

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Description

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 - Subdivision Statistics

Avg. asking price $985,431
Price per sq. ft. $514
Median price $822,450
Number of homes for sale in Rutland South 44
Number of homes for sale in Kelowna 1877
Avg. Days on Market N/A

Essential Information

  • Listing #10275594
  • Price$3,488,000
  • Bathrooms0.00
  • Acres0.65
  • TypeVacant Land
  • Sub-TypeOther

Address

2560 & 685 Springfield & Ziprick Road

Amenities

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

Exterior

  • Exterior FeaturesLevel
  • Lot DescriptionLevel lot, Corner Site

Listing Details

  • Listing OfficeColdwell Banker Horizon Realty

Community Information

  • SubdivisionRutland South
  • CityKelowna
  • ProvinceBritish Columbia
  • Postal CodeV1X1C2

Amenities

  • UtilitiesNatural Gas
  • FeaturesLevel lot, Corner Site
  • ViewCity view, View (panoramic)

Interior

  • Interior FeaturesDrywall

Additional Information

  • ZoningUnknown

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Request a showing of 2560 & 685 Springfield & Ziprick Road, a 0 bedroom, 0.00 bathroom Other in Rutland South, Kelowna. Built in and approximately 0 square feet in size, MLS #10275594 is currently listed for $3,488,000. To schedule a property tour, contact us at KelownaHomes.ca