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:52800)
| MLS® Number | 10275592 |
| Property Type | Single Family |
| Neigbourhood | Rutland South |
| Amenities Near By | Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area |
| Community Features | Pets Allowed, Rentals Allowed |
| Features | Level Lot, Corner Site |
| Parking Space Total | 10 |
| View Type | City View, View (panoramic) |
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Architectural Style | Split Level Entry |
| Basement Type | Full |
| Constructed Date | 1972 |
| Construction Style Attachment | Detached |
| Construction Style Split Level | Other |
| Cooling Type | Wall Unit |
| Exterior Finish | Stucco, Composite Siding |
| Flooring Type | Carpeted, Laminate, Tile, Vinyl |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Roof Material | Asphalt Shingle,unknown |
| Roof Style | Unknown,unknown |
| Size Interior | 2240 Sqft |
| Type | House |
| Utility Water | Municipal Water |
| See Remarks | |
| Attached Garage | 1 |
| Acreage | No |
| 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 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Laundry Room | 6'4'' x 5'5'' | ||
| Second Level | Primary Bedroom | 13'7'' x 11'11'' | ||
| Second Level | Bedroom | 10'9'' x 10'2'' | ||
| Second Level | 4pc Bathroom | 8'7'' x 4'10'' | ||
| Second Level | Living Room | 14'0'' x 13'0'' | ||
| Second Level | Dining Room | 12'0'' x 8'4'' | ||
| Second Level | Kitchen | 12'0'' x 9'10'' | ||
| Basement | 4pc Bathroom | 12'8'' x 5'4'' | ||
| Basement | Primary Bedroom | 11'7'' x 10'5'' | ||
| Basement | Bedroom | 11'8'' x 8'0'' | ||
| Basement | Kitchen | 10'0'' x 9'0'' | ||
| Basement | Living Room | 24'0'' x 11'11'' | ||
| Main Level | 4pc Bathroom | 6'5'' x 5'0'' | ||
| Main Level | Primary Bedroom | 11'10'' x 6'2'' | ||
| Main Level | Living Room | 13'8'' x 11'10'' | ||
| Main Level | Kitchen | 9'6'' x 7'0'' |
https://www.realtor.ca/real-estate/25625321/2560-springfield-road-kelowna-rutland-south
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Mackenzie Otteson
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