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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 (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:53701)

Property Details

MLS® Number 10275593
Property Type Single Family
Neigbourhood Rutland South
AmenitiesNearBy Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area
CommunityFeatures Pets Allowed, Rentals Allowed
Features Level Lot, Corner Site
ParkingSpaceTotal 8
ViewType City View, View (panoramic)

Building

BathroomTotal 4
BedroomsTotal 8
ArchitecturalStyle Split Level Entry
BasementType Full
ConstructedDate 1988
ConstructionStyleAttachment Semi-detached
ConstructionStyleSplitLevel Other
ExteriorFinish Stucco
FlooringType Carpeted, Linoleum
HeatingFuel Electric
HeatingType Baseboard Heaters
RoofMaterial Asphalt Shingle,tar & Gravel
RoofStyle Unknown,unknown
SizeInterior 4400 Sqft
Type Duplex
UtilityWater Municipal Water

Parking

Other

Land

Acreage No
LandAmenities Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski Area
LandscapeFeatures Level
Sewer Municipal Sewage System
SizeFrontage 169 Ft
SizeIrregular 0.65
SizeTotal 0.65 Ac|under 1 Acre
SizeTotalText 0.65 Ac|under 1 Acre
ZoningType 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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