685-675 Ziprick Road
Kelowna, British Columbia V1X4H6

$3,488,000

ID# 10275593

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 (2560 Springfield Rd & 685-675 Ziprick Rd) currently zoned MF1. City Council has been supportive of rezoning to MF2 - Townhouse Housing (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:3942)

Courtesy of Coldwell Banker Horizon Realty

Listed on: May 22, 2023

On market: 528 days

Bathroom Total	4
Bedrooms Total	8
Half Bathrooms Total	0
Year Built	1988
Flooring Type	Carpeted, Linoleum
Heating Type	Baseboard heaters
Heating Fuel	Electric

Bedroom	Second level	11'7'' x 10'6''
Primary Bedroom	Second level	11'7'' x 11'10''
Laundry room	Second level	3'0'' x 5'0''
4pc Bathroom	Second level	6'7'' x 8'6''
Kitchen	Second level	9'4'' x 16'6''
Dining room	Second level	9'4'' x 16'6''
Living room	Second level	12'8'' x 18'0''
Laundry room	Third level	4'6'' x 7'0''
Bedroom	Third level	9'6'' x 11'2''
Primary Bedroom	Third level	10'8'' x 11'6''
4pc Bathroom	Third level	6'8'' x 8'0''
Living room	Third level	13'0'' x 18'0''
Kitchen	Third level	9'8'' x 11'8''
Dining room	Third level	8'6'' x 11'8''
Laundry room	Basement	4'6'' x 7'0''
Primary Bedroom	Basement	10'8'' x 11'6''
Bedroom	Basement	9'6'' x 11'2''
4pc Bathroom	Basement	6'8'' x 8'0''
Living room	Basement	13'0'' x 18'0''
Kitchen	Basement	9'8'' x 11'8''
Dining room	Basement	8'6'' x 11'8''
Bedroom	Main level	11'7'' x 10'6''
Primary Bedroom	Main level	11'7'' x 11'10''
Laundry room	Main level	3'0'' x 5'0''
4pc Bathroom	Main level	6'7'' x 8'6''
Kitchen	Main level	9'4'' x 16'6''
Dining room	Main level	9'4'' x 16'6''
Living room	Main level	12'8'' x 18'0''

Add CMHC fee.

Purchase Price

Down Payment or Equity

Amount of Mortgage

system will calculate

Current Interest Rate

Amortization Period

years

Payment Schedule

Monthly Payment (principal & interest)

system will calculate

Grid List Table Map

Address	Price	Bed	Bath	SqFt	Area	Sub Area	Brokerage

Listings Details

685-675 Ziprick Road Kelowna, British Columbia V1X4H6

685-675 Ziprick Road
Kelowna, British Columbia V1X4H6