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2560 & 685 Springfield & Ziprick Road
Rutland South Kelowna V1X 1C2

$3,488,000
Vacant Land

Main Photo: 2560 & 685 Springfield & Ziprick Road in Kelowna: Vacant Land for sale : MLS®# 10275594
Photo 1: 2560 & 685 Springfield & Ziprick Road in Kelowna: Vacant Land for sale : MLS®# 10275594
Photo 2: 2560 & 685 Springfield & Ziprick Road in Kelowna: Vacant Land for sale : MLS®# 10275594
Photo 3: 2560 & 685 Springfield & Ziprick Road in Kelowna: Vacant Land for sale : MLS®# 10275594
Photo 4: 2560 & 685 Springfield & Ziprick Road in Kelowna: Vacant Land for sale : MLS®# 10275594
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Status:
Active
Prop. Type:
Vacant Land
MLS® Num:
10275594
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:2493)
Property Type:
Vacant Land
Common Interest:
Freehold
Transaction Type:
For sale
Zoning:
Unknown
Ownership Type:
Freehold
Taxes:
$11,352.45 / -
Community:
Rutland South
Amenities:
Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
View:
City view, View (panoramic)
Structure Type:
Other
Utilities:
Natural Gas
Fireplace:
No
Water:
Municipal water
Sewer:
Municipal sewage system
Land Amenities:
Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Current Use:
Development commercial
Landscape Features:
Level
Lot Frontage:
169'
Acreage:
No
Lot Size:
0.65 acre(s)
Lot Size:
0.65 ac|under 1 acre
Lot Details:
0.65
Lot Features:
Level lot, Corner Site
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Listed by Coldwell Banker Horizon Realty
Data was last updated October 31, 2024 at 02:15 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$589,900
Min list price:
$2
Max list price:
$22,000,000
Avg days on market:
166
Min days on market:
89
Max days on market:
525
These statistics are generated based on the current listing's property type and located in Kelowna. Average values are derived using median calculations.
Scott Jenvey
Ember Shay
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.