Dallas Markovina PREC* - 250-870-6145
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Single Family in Kelowna
- 232
- 176
5 Bedrooms
3 Bathrooms- 2240 Sq Ft
Property Type
Single Family
Description
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:6769)
Property Details
Subarea
Rutland South
Lot
0.65
Year Built
1972
Sewer
Municipal sewage system
Flooring
Carpeted,Laminate,Tile,Vinyl
Parking Type
10
Rooms Dimension
| Room | Floor | Dimension |
|---|---|---|
| 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'' |
Listing Agent
Saverio Tumato
(250) 862-6911
Brokerage
Coldwell Banker Horizon Realty
(250) 860-7500
Disclaimer:
The property information on this website is derived from the Canadian Real Estate Association''s Data Distribution Facility (DDF®). DDF® references real estate listings held by various brokerage firms and franchisees. The accuracy of information is not guaranteed and should be independently verified. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Listing data last updated date: 2024-03-11 23:25:10
