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:2493)More details
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:2493)More details
TOWNHOME SITE!! Potential for 15 townhomes on this .50 acre (21,780 Sq.Ft.) lot with 180 feet of frontage! This is a one-of-a-kind opportunity to get a flat half-acre property with enough frontage for a 15-unit-stratified townhome. Tonnes of value in this unique property, and it is truly one of a kind. Currently, there is a 3 bedroom and 1 bathroom home rented for $2500 plus utilities. (id:2493)More details
INVESTOR ALERT! Looking for the perfect investment opportunity or multi-family home? Look no further! This completely renovated, 12 bed/ 4 bath, suited duplex is the full package! Located on a 0.25 acre corner lot, the property boasts ample parking space with over $500K of professional renovations across all 4 units from top to bottom, including all new water lines, windows, upgraded electrical service, countertops, cabinets, soffits, flooring, tile, doors and everything else in between. Step outside and enjoy the freshly updated yard including new sod, fencing & patios. This suited full duplex is centrally located near Mission Creek Park, shopping, groceries and other amenities with VACANT possession available (so you can choose your own tenants at todays market rents!). Whether you're looking for a multi family home or a great investment property, this is the one for you and won't last long! Call today to book your private showing! (id:2493)More details
Lucrative Opportunity for investors, builders and developers !! The huge 0.43-acre lot offers 5 bedroom and 5 bathrooms in total. The main level has 3 bedrooms and 2 bathrooms, a kitchen, and a living area. The upper level has 2 self-contained non-conforming grandfathered suites and each suite has 1 bed, 1 bath, a kitchen, and a living area. Spacious pool house with a bath. The pool has not been used recently. Perfect for the extended family or great rental revenue to help you hold the property while working on the redevelopment process. Located in a very central area, just minutes away from all major shopping amenities and Mission Creek Greenway. Close to many wineries, and golf courses. Walking distance to Springvalley Elementary and Middle School. Huge backyard with a private setting to enjoy the Okanagan Summer with family and friends. (id:2493)More details
Prime corner lot on 0.21 acres in Kelowna, with access from Dougall Rd S and Jurome Ave. UC4 zoning allows 4-story construction with a potential FAR of 2.4. This rapidly growing neighborhood presents an excellent opportunity for future development. Ideal for investors seeking to capitalize on Kelowna's thriving real estate market. Proximity to amenities and the city's natural beauty enhances its appeal. Act now to secure this prized property and unleash its potential in shaping Kelowna's urban landscape. Don't miss out on this lucrative investment prospect in one of Canada's most sought-after locations.Seller has assumable mortgage available and willing to look at a VTB mortgage. (id:2493)More details
Don't miss this incredible opportunity! A full duplex located in Rutland, right across the street from Quigley Elementary School. Situated in a peaceful and quiet neighbourhood, this property offers great potential. The 700 side features four bedrooms, providing ample space for a growing family. On the 702 side, there is an unfinished basement, ready for your personal touch. Long-term tenants are already in place. Additionally, the large lot size presents the possibility of expanding into a fourplex. The sky's the limit with the untapped potential of this property! (id:2493)More details
FUTURE DEVELOPMENT SITE - 4 Lot land assembly! Large lot, central location. Fabulous redevelopment property. Great opportunities abound. Super revenue generator. Well awaiting your future plans! Properties to be sold in conjunction are 165; 195; 185 & 215 Barber Road. (id:2493)More details
FUTURE DEVELOPMENT SITE - 4 Lot land assembly! Investment opportunity; prime future redevelopment; long term project; solid home; excellent revenue generating property. Properties to be sold in conjunction are 165; 195; 185 & 215 Barber Road. (id:2493)More details
FUTURE DEVELOPMENT SITE - 4 Lot land assembly! Solid home. 3 beds, 2 bath super sized lot, excellent investment opportunity. Excellent revenue generating property. Properties to be sold in conjunction are 165; 195; 185 & 215 Barber Road. (id:2493)More details
FUTURE DEVELOPMENT SITE - 4 Lot land assembly! Beautifully kept home and property, numerous upgrades and improvements throughout. 5 Beds, 2 Bath including a recent 2 Bedroom Legal Suite. Large detached garage workshop. Impeccably kept property. Ideal future development or holding property. Fabulous revenue generator in the interim. Properties to be sold in conjunction are 165; 195; 185 & 215 Barber Road. (id:2493)More details
TOWNHOME PROJECT! Opportunity to purchase this 7 Townhome proposed project with 2 x 3 bedrooms and 5 x 2 Bedrooms. Beautiful central location and is just steps to Spring Valley School and close to all amenities. Currently, there is a 3-bedroom corner home on rent for $2500 plus utilities. Access to transit, grocery stores, restaurants, minutes to Airport and UBC. (id:2493)More details
Data was last updated September 25, 2023 at 03:45 PM (UTC)
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