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685-675 Ziprick Road Kelowna, British Columbia V1X 4H6

8 Bedroom 4 Bathroom 4400 sqft
Split Level Entry Baseboard Heaters 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:6770)

Property Details

MLS® Number 10275593
Property Type Single Family
Neigbourhood Rutland South
Amenities Near By Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area
Community Features Pets Allowed, Rentals Allowed
Features Level Lot, Corner Site
Parking Space Total 8
View Type City View, View (panoramic)

Building

Bathroom Total 4
Bedrooms Total 8
Architectural Style Split Level Entry
Basement Type Full
Constructed Date 1988
Construction Style Attachment Semi-detached
Construction Style Split Level Other
Exterior Finish Stucco
Flooring Type Carpeted, Linoleum
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle,tar & Gravel
Roof Style Unknown,unknown
Size Interior 4400 Sqft
Type Duplex
Utility Water Municipal Water

Parking

Other

Land

Acreage No
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

Rooms

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

https://www.realtor.ca/real-estate/25625320/685-675-ziprick-road-kelowna-rutland-south

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