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 & RU4. 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 $10,802/month in rents = 129,624/yr. Gross cap rate = approx. 3.72. 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 | 10275593 |
| 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 | 8 |
| View Type | City View, View (panoramic) |
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Architectural Style | Split Level Entry |
| Basement Type | Full |
| Constructed Date | 1988 |
| Construction Style Attachment | Semi-detached |
| Construction Style Split Level | Other |
| Exterior Finish | Stucco |
| Flooring Type | Carpeted, Linoleum |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Roof Material | Asphalt Shingle,tar & Gravel |
| Roof Style | Unknown,unknown |
| Size Interior | 4400 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
| Other |
| 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 | Bedroom | 11'7'' x 10'6'' | ||
| Second Level | Primary Bedroom | 11'7'' x 11'10'' | ||
| Second Level | Laundry Room | 3'0'' x 5'0'' | ||
| Second Level | 4pc Bathroom | 6'7'' x 8'6'' | ||
| Second Level | Kitchen | 9'4'' x 16'6'' | ||
| Second Level | Dining Room | 9'4'' x 16'6'' | ||
| Second Level | Living Room | 12'8'' x 18'0'' | ||
| Third Level | Laundry Room | 4'6'' x 7'0'' | ||
| Third Level | Bedroom | 9'6'' x 11'2'' | ||
| Third Level | Primary Bedroom | 10'8'' x 11'6'' | ||
| Third Level | 4pc Bathroom | 6'8'' x 8'0'' | ||
| Third Level | Living Room | 13'0'' x 18'0'' | ||
| Third Level | Kitchen | 9'8'' x 11'8'' | ||
| Third Level | Dining Room | 8'6'' x 11'8'' | ||
| Basement | Laundry Room | 4'6'' x 7'0'' | ||
| Basement | Primary Bedroom | 10'8'' x 11'6'' | ||
| Basement | Bedroom | 9'6'' x 11'2'' | ||
| Basement | 4pc Bathroom | 6'8'' x 8'0'' | ||
| Basement | Living Room | 13'0'' x 18'0'' | ||
| Basement | Kitchen | 9'8'' x 11'8'' | ||
| Basement | Dining Room | 8'6'' x 11'8'' | ||
| Ground Level | Bedroom | 11'7'' x 10'6'' | ||
| Ground Level | Primary Bedroom | 11'7'' x 11'10'' | ||
| Ground Level | Laundry Room | 3'0'' x 5'0'' | ||
| Ground Level | 4pc Bathroom | 6'7'' x 8'6'' | ||
| Ground Level | Kitchen | 9'4'' x 16'6'' | ||
| Ground Level | Dining Room | 9'4'' x 16'6'' | ||
| Ground Level | Living Room | 12'8'' x 18'0'' |
https://www.realtor.ca/real-estate/25625320/685-675-ziprick-road-kelowna-rutland-south
Contact us for more information
Mackenzie Otteson
Saverio Tumato
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