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 (2560 Springfield Rd) & RU4 (685-675 Ziprick Rd). 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 $11,052/month in rents = 132,624/yr. 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 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 (2560 Springfield Rd) & RU4 (685-675 Ziprick Rd). 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 $11,052/month in rents = 132,624/yr. 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 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
LAND ASSEMBLY - Introducing a prime opportunity for developers and investors. This 3-lot land assembly located at the corner or Hollywood Road South and Petch is situated within the Rutland Urban Centre, UC4 zoning, with 85-100% site coverage, .922 acres (around 40162 sqft) in total. This land assembly holds immense potential for a 4-6 story mixed-use commercial and residential development and is within walking distance to all levels of schools, shops, parks and transit and just a short drive to UBCO and Kelowna International Airport. (MLS# 10308405) (id:2493)More details
Listed by Sage Executive Group Real Estate - Letnick Estates
LAND ASSEMBLY - Introducing a prime opportunity for developers and investors. This 3-lot land assembly located at the corner or Hollywood Road South and Petch is situated within the Rutland Urban Centre, UC4 zoning, with 85-100% site coverage, .922 acres (around 40162 sqft) in total. This land assembly holds immense potential for a 4-6 story mixed-use commercial and residential development and is within walking distance to all levels of schools, shops, parks and transit and just a short drive to UBCO and Kelowna International Airport. (MLS# 10308405) (id:2493)More details
Listed by Sage Executive Group Real Estate - Letnick Estates
LAND ASSEMBLY - Introducing a prime opportunity for developers and investors. This 3-lot land assembly located at the corner or Hollywood Road South and Petch is situated within the Rutland Urban Centre, UC4 zoning, with 85-100% site coverage, .922 acres (around 40162 sqft) in total. This land assembly holds immense potential for a 4-6 story mixed-use commercial and residential development and is within walking distance to all levels of schools, shops, parks and transit and just a short drive to UBCO and Kelowna International Airport. (MLS# 10308405) (id:2493)More details
Listed by Sage Executive Group Real Estate - Letnick Estates
PRIME LOCATION ""DEVELOPMENT OPPORTUNITY"" This 3 bed +1 bathroom rancher with generous driveway and extra parking on a large 9000+ sqft lot. Walking distance to grocers, banks restaurants, recreation, and three-level schools. Only steps to transit, a 20-minute bus to UBCO or Okanagan college. Ready access to airport, golf and agriculture. Prime Transit Oriented Area property consolidation of 5 properties: (215-225 Cambie Rd and 210-230-240 Pemberton Rd). mandated by the new Provincial Legislation with UC-Urban within the Core Area, zoning of 2.5 FAR allows 6-story construction. (id:2493)More details
PRIME LOCATION ""DEVELOPMENT OPPORTUNITY"" This 4 bed +1 bathroom with generous driveway and extra parking on a large 9000+ sqft lot. Walking distance to grocers, banks restaurants, recreation, and three-level schools. Only steps to transit, a 20-minute bus to UBCO or Okanagan college. Ready access to airport, golf and agriculture. Prime Transit Oriented Area property consolidation of 5 properties: (215-225 Cambie Rd and 210-230-240 Pemberton Rd). mandated by the new Provincial Legislation with UC-Urban within the Core Area, zoning of 2.5 FAR allows 6-story construction. (id:2493)More details
PRIME LOCATION ""DEVLEOPMENT OPPORTUNITY"" This home comes with 4 bed + den/office with 3 washrooms on the main floor and an extra large basement rec room for more space, and a den/office/bedroom with a large window and a closet. The total living space is 2250 sqft, and the driveway has space for two/three motorhomes or four parking spots. This home offers two decks; one along the kitchen and the other attached to the primary bedroom for a potential rental suite. It is walking distance to markets, transit, three-level schools, and a 20 20-minute bus ride to UBCO or Okanagan college. It fronts onto Cambie road and backs onto a lane. and overlooks a beautiful park. Prime Transit Oriented Area property consolidation of 5 properties: (215-225 Cambie Rd and 210-230-240 Pemberton Rd). mandated by the new Provincial Legislation with UC-Urban within the Core Area, zoning of 2.5 FAR allows 6-story construction. (id:2493)More details
PRIME LOCATION ""DEVELOPMENT OPPORTUNITY"" This home comes with 3beds +2.5 washrooms one of which is a walk-in tub. The driveway is circular and there is additional space for two/three motorhomes or four parking spots. This home offers two decks; one along the kitchen in front and the other attached to the primary bedroom for a potential rental suite. A gas fireplace enhances the living room. There is an in-laws suite on the side. It is walking distance to markets, transit, three-level schools, and a 20 20-minute bus ride to UBCO or Okanagan college. It fronts onto Cambie Road and backs onto a lane. and overlooks a beautiful park. Prime Transit Oriented Area property consolidation of 5 properties: (215-225 Cambie Rd and 210-230-240 Pemberton Rd). mandated by the new Provincial Legislation with UC-Urban within the Core Area, zoning of 2.5 FAR allows 6-story construction. (id:2493)More details
PRIME LOCATION ""DEVELOPMENT OPPORTUNITY"" This home comes with 6 beds +2 bathrooms with detached garage and shed in the large back yard. The driveway with additional space for extra space drive way suitable four parking spots. This home offers two decks; one along the kitchen in front and back including a rental suite. The house is currently rented to a great tenants and they would like to stay. It is walking distance to market, transit, three-level schools, and a 20-minute bus ride to UBCO or Okanagan college. It fronts onto Cambie Road and backs onto a lane. and overlooks a beautiful park. Prime Transit Oriented Area property consolidation of 5 properties: (215-225 Cambie Rd and 210-230-240 Pemberton Rd). mandated by the new Provincial Legislation with UC-Urban within the Core Area, zoning of 2.5 FAR allows 6-story construction. (id:2493)More details
Introducing a prime 0.21-acre corner lot in Kelowna, positioned at Dougall Rd S and Jurome Ave, this development opportunity is zoned UC4, allowing for 4-story buildings with a potential FAR with bonuses of 2.4. Sewer is at the lot line. Nestled in a rapidly expanding neighborhood, this property is not only close to essential amenities but also benefits from its proximity to transit options, the local transit exchange, and Plaza 33 shopping center, featuring Save on Foods. This enhances its appeal, offering developers the chance to significantly impact Kelowna's urban growth. With the additional convenience of an assumable mortgage and potential for a Vendor Take-Back (VTB) mortgage, financial flexibility is at your fingertips. This lot represents a rare opportunity to contribute to Kelowna's community and skyline, making it a strategic investment for those looking to shape the future of one of Canada's most desirable locations. Act now to secure this valuable piece of Kelowna's developing landscape. (id:2493)More details
Excellent LAND ASSEBLEY and Investment Opportunity. Developers can acquire land assembly of 195 Davie Road and 215 Davie Road (MLS:10309082) Flat .68 Acre of prime land Zoned MF1 in the core of Rutland Community. Both properties 215 Davie Rd and 195 Davie Rd, to be acquired together. Two lots (Total area .68 Acres) can be sub-divided into 3 lots. Each lot can accommodate up to 6 Units of town homes as per MF1 Zoning. Based on the preliminary design study with architect, these two lots would allow up to total of 18 Units of Townhomes for the entire development. Short distance to schools, shops, parks, YMCA and public transit and only 10–15-minute drive to UBC (University) and the Kelowna International Airport. Square footage is based on BC Assessment. Buyers are advised to conduct their own due diligence. 195 Davie Road is a Four bedroom, and Two-bathroom home with 1 BR self-contained suite. Property offer potential for generating a great rental income while processing for development. Home currently rented out. 24 hours' notice required for viewing. Large 75 x 200 feet lot with easy access to HWY 33 *All information & measurements are deemed correct but not guaranteed, please verify if important. (id:2493)More details
Data was last updated April 18, 2024 at 08:15 PM (UTC)
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