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
For more information please click the Brochure button below. Future Development Potential - OCP 2040 Future Land Use C-NHD Core Area Location. City growth supports infill multi-unit housing. Price indicative of land value, location, and future development potential. Recently listed as part of a 4 lot assembly in 2022 Excellent holding property with established tenancy Large lot, 50'X150' that fronts Lawson Avenue and is bordered by two alley access. Excellent location - walking distance - transit/shopping/entertainment/cultural district/beach/future UBCO campus/established bike routes Fenced Property has Walnut, and fruit trees, and two separate private backyards. Currently rented on a month to month basis. (id:2493)More details
Opportunity to lease up to 5,910 square feet of top floor office space in a high-profile professional office building downtown Kelowna. This full floor premises features functional/quality improvements, as well as floor to ceiling windows and views around the entire perimeter. The building also has the rare offering of exterior signage, with exposure to both downtown and Highway 97. Spaces from 2,000 square feet can be made available, with 15 on site parking stalls available for the entire floor. (id:2493)More details
Opportunity to lease up to 5,910 square feet of top floor office space in a high-profile professional office building downtown Kelowna. This full floor premises features functional/quality improvements, as well as floor to ceiling windows and views around the entire perimeter. The building also has the rare offering of exterior signage, with exposure to both downtown and Highway 97. Spaces from 2,000 square feet can be made available, with 15 on site parking stalls available for the entire floor. (id:2493)More details
Recently renovated, The District on Bernard is headlining a surge of modernization and growth in the downtown core, and specifically the transformation of the 500 Block of Bernard Avenue. This property benefits from a high volume of both pedestrian and vehicular traffic, which is expected to rise with increased development in the area. Being the only dedicated downtown retail centre with ample parking, the District on Bernard presents a rare opportunity for retailers to occupy unique space in the most vibrant part of the city, whilst benefiting from a cohesive tenant mix, accessible customer parking, and increasing traffic. With a mission for unified success, The District on Bernard is ready to assume new retailers and office tenants. (id:2493)More details
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