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2560 & 685 Springfield & Ziprick Road Kelowna, British Columbia V1X 1C2

Level

$3,488,000

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:37990)

Property Details

MLS® Number 10275594
Property Type Vacant Land
Neigbourhood Rutland South
Amenities Near By Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area
Features Level Lot, Corner Site
View Type City View, View (panoramic)

Building

Type Other
Utility Water Municipal Water

Land

Acreage No
Current Use Development Commercial
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

Utilities

Natural Gas At Lot Line

https://www.realtor.ca/real-estate/25625319/2560-685-springfield-ziprick-road-kelowna-rutland-south

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Home Price Evaluation

Artfully uniting extraordinary lives with extraordinary homes is what we do. Whether you are curious as to your home's current value, or you wish to discuss what improvements and staging you can do to your home that will translate into increased value when selling, let our expertise guide you. Complete this form and we will contact you to discuss how we can be of value.

Client Feedback

  • Thank you for everything. I am so happy we chose your team as you were all so fantastic. You made the process very seamless. I will totally recommend you to others.

    Ryan and Natasha H.

  • We’ve been working with Justin for two years with much success. Justin and his group are organized, professional, efficient, available, and get the job done without chaos and confusion! Justin handles the clients calmly and professionally and keeps things running smoothly. We highly recommend him!"

    Scott & Gina Tyerman

  • Moving from another city, it was easy to see Kelowna offers many choices when it comes to choosing a Realtor®. If you are looking for a knowledgeable, well-connected professional, look no further than Justin O’Connor. He is thorough in his appraisal work and negotiates with a quiet confidence. Justin takes the time to get to know his clients, listens to their plans and stay focussed on their goals. It was a pleasure to work with Justin and his Sotheby’s team. They always kept the process enjoyable and stayed in touch. Justin and his team know how to ease the stresses that come with making big decisions and… he has a great sense of humor!

    Anne Johnston

  • I think I was still in shock last night when we went through this process. Grant and I have loved our home over the years and have always taken pride in updating it for our own enjoyment. When we decided to move to a view lot and build our dream home, we knew our home would be attractive given the location and lot size. Your advice regarding further updates and staging was obviously very advantageous. Thank you!! I would also like to let you and Justin know (as I said, I think I was in a state of shock last night) since I didn’t say so last night, we are so appreciative of everything you have done for us to make this sale happen. I totally understand all of the behind the scenes work you both did with gathering information and providing immediate response to any agent query. You both represented Grant and I very, very well! I know we can’t totally celebrate until March 23 however, the heavy lifting is done. I would not hesitate to recommend the Justin O’Connor Group to anyone buying or selling!

    Grant and Joyce

  • Working with Sotheby's was nothing less than professional. From start to finish everything went smoothly. It's good to choose a realtor that puts the client's interest first. I would recommend anyone selling their property to not hesitate going with Justin and the team!!

    Ernie and Sue

  • When selling your home, it is essential that you are using the most professional and experienced people to guide you through this often complex process. The Sotheby’s group met all of our criteria and requirements to ensure we valued our house at the right price and made sure the entire experience was handled properly from day one all the way through to the final closing. We would highly recommend their friendly expert services.

    Guy and Sonja

  • We have worked with the Justin O Connor team for both the sale of our show homes over the past 5 years as well as for our own personal home sales. The professionalism and knowledge ensured the process proceeded smoothly.

    They do their research and deliver first class service throughout the sale process which carries through to the after-sale support as well. As a custom homebuilder it is important that we have a smooth transition to our clients as we turn over our homes.

    I recommend the team for your real estate needs. You need a great team in the ever-evolving market here in the Okanagan.

    Les Bellamy