A rare find in one of Kelowna’s most desirable neighbourhoods—1007 Lanfranco Road offers both immediate rental income and long-term development potential. Situated on a large lot, this well-maintained home is ideal for families, investors, or those looking to hold while planning their next move. The property is zoned MF2 with an approved Development Permit in place for an 8-unit townhome project featuring rooftop patios, private elevators, and double garages. There's also potential to rezone under MF1 and subdivide into three lots (details available upon request). Whether you’re looking for a future build site or a strong holding property, this one checks all the boxes. The existing home offers solid rental income potential, making it a great option for those seeking a primary residence with a mortgage helper or investment upside. Flexible financing available, including the option for a Vendor Take Back (VTB) mortgage. Located in the heart of Lower Mission near top-rated schools, shopping, parks, and Okanagan Lake, this property combines location, lifestyle, and future value. Don’t miss this unique opportunity. All information, including zoning, development potential, and measurements, is deemed reliable but not guaranteed. Buyers to verify independently. (id:4069)
Address
1007 Lanfranco Road
List Price
$1,650,000
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
3
Bathrooms
2
Floor Area
1,956 Sq. Ft.
Lot Size
0.37 Sq. Ft.
Year Built
1972
MLS® Number
10352768
Listing Brokerage
Oakwyn Realty Okanagan
| Oakwyn Realty Ltd.
Basement Area
Full
Postal Code
V1W3X2
