685-675 Ziprick Road, Rutland South in Kelowna, BC
This is a Single Family (Split level entry) with Other parking.
685-675 Ziprick Road, Rutland South in Kelowna
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:6289)
$3,488,000
685-675 Ziprick Road, Kelowna, British Columbia
Essential Information
- MLS® #10275593
- Price$3,488,000
- Price per Sqft793
- Bedrooms8
- Bathrooms4.00
- Square Footage4,400
- Acres0.65
- Year Built1988
- TypeSingle Family
- Sub-TypeFreehold
- StyleSplit level entry
- Days on Website330
Amenities
- AmenitiesGolf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
- FeaturesLevel lot, Corner Site
- Parking Spaces8
- ParkingOther
- ViewCity view, View (panoramic)
Exterior
- ExteriorStucco
- Exterior FeaturesLevel
- RoofAsphalt shingle,Tar & gravel
Listing Details
- Listing OfficeColdwell Banker Horizon Realty
Community Information
- Address685-675 Ziprick Road
- SubdivisionRutland South
- CityKelowna
- Postal CodeV1X4H6
Interior
- HeatingElectric Baseboard heaters
Additional Information
- ZoningUnknown