2560 & 685 Springfield & Ziprick Road, Kelowna, BC, V1X 1C2 - vacant land for sale | Listing ID 10275594

Vacant Land For Sale In Kelowna, British Columbia

$3,488,000

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2560 & 685 Springfield & Ziprick Road, Kelowna, BC

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2560 & 685 Springfield & Ziprick Road, Kelowna, British Columbia, V1X 1C2

$3,488,000

Property Information:

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:27)

Building Features:

Building Type: Other

Property Features:

OwnershipType: Freehold
Property Type: Vacant Land
Amenities Nearby: Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Current Use: Development commercial
Features: Level lot, Corner Site
Landscape Features:
Lot Frontage: 169.0 Feet
Utility Type: Natural Gas - At Lot Line
View Type: City view, View (panoramic)
Zoning Type: Unknown
Sewer: Municipal sewage system

Courtesy of: Coldwell Banker Horizon Realty

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Market Price Trends

Location of 2560 & 685 Springfield & Ziprick Road, Kelowna, British Columbia, V1X 1C2

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

28 hot days expected in 2050

Projected Storm Risk: Relatively Low

12 storms expected in 2050

Projected Heat Risk: High

28 hot days expected in 2050

49/100

High

ClimateCheck®

Current data

This property, 2560 & 685 Springfield & Ziprick Road , experiences 7 hot days per year at around 33.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 37 degrees Celsius.

Projected Avg. Temperature

Past

33.2℃

2050

37℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Relatively Low

12 storms expected in 2050

19/100

Relatively Low

ClimateCheck®

Current data

This property, 2560 & 685 Springfield & Ziprick Road , experiences 11 significant 2-day storms per year, with about 140.9mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 154.4mm of precipitation per year.

Precipitation Per Storm

Past

140.9mm

2050

154.4mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 2560 & 685 Springfield & Ziprick Road, Kelowna, British Columbia, V1X 1C2

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$86,931.18

Average Number of Children

1.41

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.99 %

High school certificate or equivalent

30.99 %

Apprenticeship trade certificate/diploma

9.32 %

College/non-university certificate

21.92 %

University certificate (below bachelor)

2.67 %

University Degree

15.8 %

Commuter

Travel To Work

By Car

77.29 %

By Public Transit

7.0 %

By Walking

7.23 %

By Bicycle

1.59 %

By Other Methods

6.9 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

68.74 %

Houses

28.03 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 2560 & 685 Springfield & Ziprick Road, Kelowna, British Columbia, V1X 1C2

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 2560 & 685 Springfield & Ziprick Road, Kelowna, British Columbia, V1X 1C2

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

2560 & 685 Springfield & Ziprick Road, Kelowna, British Columbia, V1X 1C2

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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