$3,488,000

ID# 10275592

2560 Springfield Road
Kelowna, British Columbia V1X1C2

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:3942)

Courtesy of Coldwell Banker Horizon Realty

Listed on: May 24, 2023

On market: 340 days

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Bathroom Total	3
Bedrooms Total	5
Half Bathrooms Total	0
Year Built	1972
Cooling Type	Wall unit
Flooring Type	Carpeted, Laminate, Tile, Vinyl
Heating Type	Baseboard heaters
Heating Fuel	Electric

Laundry room	Second level	6'4'' x 5'5''
Primary Bedroom	Second level	13'7'' x 11'11''
Bedroom	Second level	10'9'' x 10'2''
4pc Bathroom	Second level	8'7'' x 4'10''
Living room	Second level	14'0'' x 13'0''
Dining room	Second level	12'0'' x 8'4''
Kitchen	Second level	12'0'' x 9'10''
4pc Bathroom	Basement	12'8'' x 5'4''
Primary Bedroom	Basement	11'7'' x 10'5''
Bedroom	Basement	11'8'' x 8'0''
Kitchen	Basement	10'0'' x 9'0''
Living room	Basement	24'0'' x 11'11''
4pc Bathroom	Main level	6'5'' x 5'0''
Primary Bedroom	Main level	11'10'' x 6'2''
Living room	Main level	13'8'' x 11'10''
Kitchen	Main level	9'6'' x 7'0''

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LEARN MORE

Jody Miller

Personal Real Estate Corporation

250.469.4639

jody@buykelowna.com

Royal LePage Kelowna

Independently Owned & Operated

250.860.1100

1-1890 Cooper Road,

Kelowna, BC, V1Y 8B7

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2560 Springfield Road Kelowna, British Columbia V1X1C2

2560 Springfield Road
Kelowna, British Columbia V1X1C2