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:47421)
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Detailed Information
Bedrooms
8
Bathrooms
4
Lot
169 x 0 ft
Amenities Nearby
Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Community Features
Pets Allowed, Rentals Allowed
Features
Level lot, Corner Site
Listing Contract Date
2023-05-22
Municipal ID
009-505-822
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Single Family
Transaction Type
For sale
Views
City view, View (panoramic)
Zoning
Unknown
Building
Architectural Style
Split level entry
Basement Type
Full
Constructed Date
1988
Construction Style (Attachment)
Semi-detached
Construction Style (Split Level)
Other
Exterior Finish
Stucco
Flooring Type
Carpeted, Linoleum
Heating Fuel
Electric
Heating Type
Baseboard heaters
Roof Material
Asphalt shingle,Tar & gravel
Roof Style
Unknown,Unknown
Type
Duplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
11'7'' x 10'6''
Primary Bedroom
Second level
11'7'' x 11'10''
Laundry room
Second level
3'0'' x 5'0''
4pc Bathroom
Second level
6'7'' x 8'6''
Kitchen
Second level
9'4'' x 16'6''
Dining room
Second level
9'4'' x 16'6''
Living room
Second level
12'8'' x 18'0''
Laundry room
Third level
4'6'' x 7'0''
Bedroom
Third level
9'6'' x 11'2''
Primary Bedroom
Third level
10'8'' x 11'6''
4pc Bathroom
Third level
6'8'' x 8'0''
Living room
Third level
13'0'' x 18'0''
Kitchen
Third level
9'8'' x 11'8''
Dining room
Third level
8'6'' x 11'8''
Laundry room
Basement
4'6'' x 7'0''
Primary Bedroom
Basement
10'8'' x 11'6''
Bedroom
Basement
9'6'' x 11'2''
4pc Bathroom
Basement
6'8'' x 8'0''
Living room
Basement
13'0'' x 18'0''
Kitchen
Basement
9'8'' x 11'8''
Dining room
Basement
8'6'' x 11'8''
Bedroom
Main level
11'7'' x 10'6''
Primary Bedroom
Main level
11'7'' x 11'10''
Laundry room
Main level
3'0'' x 5'0''
4pc Bathroom
Main level
6'7'' x 8'6''
Kitchen
Main level
9'4'' x 16'6''
Dining room
Main level
9'4'' x 16'6''
Living room
Main level
12'8'' x 18'0''
Parking Spaces
Name
Spaces
Other
Land
Total Size
0.65 acres
Amenities
Golf Nearby, Airport, Park, Recreation, Schools, Shopping, Ski area
Landscape Features
Level
Sewer
Municipal sewage system
Size of Irregular Land
0.65
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