$1,650,000

Prime Development Opportunity in Lower Mission A rare investment opportunity in one of Kelowna’s most desirable neighbourhoods! 1007 Lanfranco Road presents a proposed 8-unit townhome development featuring modern design, rooftop patios, double garages, and private elevators. With MF2 zoning and Development Permit approval secured, this property is shovel-ready and primed for growth. There’s also potential to subdivide into three separate lots under MF1 zoning—details available upon request. The existing home offers strong rental income, making it a solid holding property while planning the next phase. Flexible financing available, including the option of a Vendor Take Back (VTB) mortgage—an excellent opportunity to maximize investment potential. Located in the heart of Lower Mission with easy access to top-rated schools, parks, beaches, shopping, and Okanagan Lake. Rezoning and development approvals are already complete, ensuring a smooth transition for the next owner. Don’t miss this chance to secure a high-potential site with short-term income and long-term value. Contact us today for more information! All information, including zoning, development potential, measurements, and financial terms, is deemed reliable but not guaranteed and should be verified by the buyer or buyer’s agent. (id:59282)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10343375
  Property Type	Other
  Neigbourhood	Lower Mission

• Building

  Type	Residential Commercial Mix
  Utility Water	Municipal Water

• Land

  Acreage	No
  Current Use	Mixed Use
  Sewer	Municipal Sewage System
  Size Frontage	85 Ft
  Size Irregular	0.34
  Size Total	0.34 Ac|under 1 Acre
  Size Total Text	0.34 Ac|under 1 Acre
  Zoning Type	Unknown

• Utilities

  Water

  Available