BC > Kelowna > Rutland South
Kelowna, BC V1X1C2,2560 & 685 Springfield & Ziprick Road
Kelowna, BC V1X1C2,2560 & 685 Springfield & Ziprick Road
Kelowna, BC V1X1C2,2560 & 685 Springfield & Ziprick Road
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$3,488,000
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0.65 Acres Lot
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2560 & 685 Springfield & Ziprick Road Kelowna, BC V1X1C2

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Andrew Loewen

Andrew Loewen

+1(250) 801-6713

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Key Details

Property Type Vacant Land

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Rutland South

MLS® Listing ID 10275594

Originating Board Association of Interior REALTORS®

Lot Size 0.650 Acres

Acres 28314.0

Property 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). City Council has been supportive of rezoning to MF2 (FAR 1 + 0.15 bonus) & Seller's 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 (total). 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 hectares 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:24570)

Location

Province BC

Zoning Unknown

Exterior

Garage No

Waterfront No

View Y/N Yes

View City view, View (panoramic)

Private Pool No

Building

Lot Description Level

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Coldwell Banker Horizon Realty

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Andrew Loewen

Agent | License ID: 181959

+1(250) 801-6713

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2560 & 685 Springfield & Ziprick Road

 
 
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