Beds5
Baths3
Sq.Ft.2,240
Year1972
Andrew Smith
(250) 979-8066
Status:
Active
Property Type:House
MLS #:10275592
Sq. Feet:2,240
On Site:18 Days
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:49859)
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Community Information
Address:2560 Springfield Road, Kelowna, BC V1X1C2
City:Kelowna
Subdivision:Rutland South
Postal Code:V1X1C2
Architecture
Bedrooms:
5
Bathrooms:
3
Year Built:1972
Roof: Conventional, Conventional
Basement Features: Separate entrance
Basement Development: Finished
Features / Amenities
Flooring: Carpeted, Tile, Laminate, Vinyl
Features: Central location, Corner Site, Flat site, Level
Parking: Carport 1, Attached Garage 1
Carport Spaces: 1
Garage Spaces: 1
Cooling: Wall unit
Heating: Baseboard heaters
Heating Fuel: Electric
Rooms
Level | Size | |
Kitchen | Second level | 12 ft x 9 ft ,10 in |
Dining room | Second level | 12 ft x 8 ft ,4 in |
Living room | Second level | 14 ft x 13 ft |
Full bathroom | Second level | 8 ft ,7 in x 4 ft ,10 in |
Bedroom | Second level | 10 ft ,9 in x 10 ft ,2 in |
Primary Bedroom | Second level | 13 ft ,7 in x 11 ft ,11 in |
Laundry room | Second level | 6 ft ,4 in x 5 ft ,5 in |
Living room | Basement | 24 ft x 11 ft ,11 in |
Kitchen | Basement | 10 ft x 9 ft |
Bedroom | Basement | 11 ft ,8 in x 8 ft |
Primary Bedroom | Basement | 11 ft ,7 in x 10 ft ,5 in |
Full bathroom | Basement | 12 ft ,8 in x 5 ft ,4 in |
Kitchen | Main level | 9 ft ,6 in x 7 ft |
Living room | Main level | 13 ft ,8 in x 11 ft ,10 in |
Primary Bedroom | Main level | 11 ft ,10 in x 6 ft ,2 in |
Full bathroom | Main level | 6 ft ,5 in x 5 ft |
Property Features
Lot Dimensions:0.651 ac|under 1 acre
View: View, City view
Lot Size: 0.651 ac|under 1 acre
Sewer: Municipal sewage system
Water: Municipal water
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2560 Springfield Road Kelowna, BC V1X1C2
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Listing Information Last Updated 6/10/2023
Listing provided courtesy of Coldwell Banker Horizon Realty.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.