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2560 Springfield Road | $3,488,000
Scott Jenvey Agent Photo
Scott
Jenvey
Jenvey Shay & Associates
 C. (250) 808-6240
 P. (250) 469-9547
 Phone Scott https://scottjenvey.com
SOTHEBY'S INTERNATIONAL REALTY CANADA
104 - 3477 Lakeshore Rd
 Kelowna, BC
 Canada V1W 3S9

Details

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Years



Address 2560 Springfield Road
AreaCentral Okanagan
Sub AreaRS - Rutland South
State/ProvinceBritish Columbia
CountryCanada
Price$3,488,000
Property TypeSingle Family - Detached
Floors in Building0
Bedrooms5
Bathrooms3
Half Baths0
Floor Space2240 Square Feet
Lot Size0.65 Acres
Year Built1972
Parking2 Spaces, Carport, Single garage
Taxes $4,091
Tax Year2024
MLS® #10275592

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 (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!?

Listed by COLDWELL BANKER HORIZON REALTY

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About

DEDICATED. RESOURCEFUL. KNOWLEDGEABLE 

Scott is a distinguished real estate professional specializing in the luxury market across the Okanagan Valley. With an unmatched ability to showcase exceptional properties, he employs cutting-edge marketing techniques that enhance visibility and boost appeal for every listing. A Certified Luxury Home Marketing Specialist (CLHMS™), Seniors Real Estate Specialist (SRES®), Resort and Second Home Specialist (RSPS), and Certified International Property Specialist (CIPS), Scott brings a comprehensive skill set to the table.

His unique background in municipal engineering and geographic information systems allows him to offer strategic, data-driven advice tailored to each client’s specific needs. As a key member of Sotheby’s International Realty, Scott leverages the brand’s global reach to ensure his properties receive maximum exposure and achieve optimal sales outcomes. His meticulous attention to detail, coupled with a deep understanding of the Okanagan landscape, ensures that every client’s experience is personalized and results-driven.

Whether you are a first-time homebuyer, looking to sell a cherished home, or investing in new opportunities, Scott is committed to guiding you with clear, informed, and effective strategies, ensuring a smooth and successful real estate journey.

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