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2560 Springfield Road | $3,488,000
Ember Shay Agent Photo
Ember
Shay
Jenvey Shay & Associates
 C. (250) 575-7271
 P. (250) 469-9547
 Phone Ember 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

COMPASSIONATE. STRATEGIC. VERSATILE.

With over 15 years of experience in real estate brokerage management, Ember is a seasoned expert in luxury new developments and custom homes throughout the Okanagan Valley. She has been at the forefront of premium projects, from lakeside resort condominiums to bespoke homes, guiding every phase from acquisition to completion. Ember’s extensive experience, which began with a key role in a private joint venture in West Kelowna, has made her an invaluable liaison between property owners, developers, and contractors.

What sets Ember apart is her academic background in psychology and counselling, which enables her to navigate client interactions with empathy and precision. Her ability to deeply understand the needs of all parties involved in a transaction fosters trust and ensures mutually beneficial outcomes. Ember’s hands-on approach and extensive knowledge of the luxury market make her a critical asset to any real estate project, providing clients with a smooth, guided, and stress-free experience.

Whether you are a first-time homebuyer, looking to sell a cherished home, or investing in new opportunities, Ember is dedicated to guiding you with clear, informed, and effective strategies, ensuring each step of your real estate journey is expertly managed.

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