1007 Lanfranco Road

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:58842)

Property Information

Property Type
Residential
SqUARE FOOTAGE
1956
 sqft
Structure Type
House
LAND SIZE
0.37 acres
Roof Type
Asphalt shingle
Lot
SEWER Type
Municipal sewage system
Parking Spots
1
stories
2.0
Floor Type
Laminate, Carpeted

More Information

Security
View
Parking
Attached Garage, See Remarks
Exterior
Brick, Stucco
Community
Common inTEREST
Freehold
Listing Key
28488794
MLS ID
10352768
listing Office
listing Office key
47728
3
Beds
2
Baths
$
1650000

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Cathy Kennedy

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