BC > Kelowna > Rutland South
Kelowna, BC V1X4H6,685-675 Ziprick Road
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Kelowna, BC V1X4H6,685-675 Ziprick Road
Kelowna, BC V1X4H6,685-675 Ziprick Road
Kelowna, BC V1X4H6,685-675 Ziprick Road
Kelowna, BC V1X4H6,685-675 Ziprick Road
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Graham Terryberry

Graham Terryberry

+1(403) 909-6787
$ 3,488,000
Est. payment /mo
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685-675 Ziprick Road Kelowna, BC V1X4H6

8 Beds

4 Baths

4,400 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $792

Subdivision Rutland South

MLS® Listing ID 10275593

Style Split level entry

Bedrooms 8

Originating Board Association of Interior REALTORS®

Year Built 1988

Lot Size 0.650 Acres

Acres 28314.0

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 - 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:24570)

Location

Province BC

Zoning Unknown

Rooms

Extra Room 1 Second level 11'7'' x 10'6'' Bedroom

Extra Room 2 Second level 11'7'' x 11'10'' Primary Bedroom

Extra Room 3 Second level 3'0'' x 5'0'' Laundry room

Extra Room 4 Second level 6'7'' x 8'6'' 4pc Bathroom

Extra Room 5 Second level 9'4'' x 16'6'' Kitchen

Extra Room 6 Second level 9'4'' x 16'6'' Dining room

Interior

Heating Baseboard heaters,

Flooring Carpeted, Linoleum

Exterior

Garage No

Community Features Pets Allowed, Rentals Allowed

Waterfront No

View Y/N Yes

View City view, View (panoramic)

Roof Type Unknown,Unknown

Total Parking Spaces 8

Private Pool No

Building

Lot Description Level

Sewer Municipal sewage system

Architectural Style Split level entry

Others

Ownership Freehold

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Listed by Coldwell Banker Horizon Realty

Graham Terryberry

Agent / Team Leader

+1(403) 909-6787

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685-675 Ziprick Road