2560 & 685 Springfield & Ziprick Road

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:57667)

Property Information

Property Type
Commercial
SqUARE FOOTAGE
0
 sqft
Structure Type
Other
LAND SIZE
0.65 acres
Roof Type
Lot
Level lot, Corner Site
SEWER Type
Municipal sewage system
Parking Spots
0
Floor Type
stories

More Information

Security
View
City view, View (panoramic)
Parking
Exterior
Community
Common inTEREST
Freehold
Listing Key
25625319
MLS ID
10275594
listing agent
Saverio Tumato
listing agent key
1599650
0
Beds
0
Baths
$
3488000

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Directions

Contact

Saverio Tumato

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