685-675 Ziprick Road
Kelowna, British Columbia V1X4H6


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 currently zoned RU1 & RU4. 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 $10,802/month in rents = 129,624/yr. Gross cap rate = approx. 3.72. 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:3942)
Courtesy of Coldwell Banker Horizon Realty
Listed on: May 22, 2023

On market: 203 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
BedroomSecond level11'7'' x 10'6''
Primary BedroomSecond level11'7'' x 11'10''
Laundry roomSecond level3'0'' x 5'0''
4pc BathroomSecond level6'7'' x 8'6''
KitchenSecond level9'4'' x 16'6''
Dining roomSecond level9'4'' x 16'6''
Living roomSecond level12'8'' x 18'0''
Laundry roomThird level4'6'' x 7'0''
BedroomThird level9'6'' x 11'2''
Primary BedroomThird level10'8'' x 11'6''
4pc BathroomThird level6'8'' x 8'0''
Living roomThird level13'0'' x 18'0''
KitchenThird level9'8'' x 11'8''
Dining roomThird level8'6'' x 11'8''
Laundry roomBasement4'6'' x 7'0''
Primary BedroomBasement10'8'' x 11'6''
BedroomBasement9'6'' x 11'2''
4pc BathroomBasement6'8'' x 8'0''
Living roomBasement13'0'' x 18'0''
KitchenBasement9'8'' x 11'8''
Dining roomBasement8'6'' x 11'8''
BedroomGround level11'7'' x 10'6''
Primary BedroomGround level11'7'' x 11'10''
Laundry roomGround level3'0'' x 5'0''
4pc BathroomGround level6'7'' x 8'6''
KitchenGround level9'4'' x 16'6''
Dining roomGround level9'4'' x 16'6''
Living roomGround level12'8'' x 18'0''
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685-675 Ziprick Road

Louise Levesque

Real Estate Advisor


MOBILE (250) 864-5218


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