2560 Springfield Road Active Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1X1C2
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $1,557
Subdivision Rutland South
MLS Listing ID 10275592
Style Split level entry
Bedrooms 5
Year Built 1972
Lot Size 0.650 Acres
Property 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 (2560 Springfield Rd & 685-675 Ziprick Rd) currently zoned MF1. City Council has been supportive of rezoning to MF2 (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:24570)
Location
Province BC
Zoning Unknown
Interior
Heating Baseboard heaters,
Cooling Wall unit
Flooring Carpeted,Laminate,Tile,Vinyl
Exterior
Garage Yes
Garage Spaces 1.0
Garage Description 1
Community Features Pets Allowed,Rentals Allowed
Waterfront No
View Y/N Yes
View City view,View (panoramic)
Roof Type Unknown,Unknown
Building
Lot Description Level
Sewer Municipal sewage system