1007 Lanfranco Road Kelowna, British Columbia V1W 3X2
$1,650,000
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:60329)
Property Details
| MLS® Number | 10352768 |
| Property Type | Single Family |
| Neigbourhood | Lower Mission |
| Parking Space Total | 1 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 3 |
| Basement Type | Full |
| Constructed Date | 1972 |
| Construction Style Attachment | Detached |
| Exterior Finish | Brick, Stucco |
| Fireplace Fuel | Wood |
| Fireplace Present | Yes |
| Fireplace Type | Conventional |
| Flooring Type | Carpeted, Laminate |
| Heating Type | Forced Air, See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 1,956 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| See Remarks | |
| Attached Garage | 1 |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 85 Ft |
| Size Irregular | 0.37 |
| Size Total | 0.37 Ac|under 1 Acre |
| Size Total Text | 0.37 Ac|under 1 Acre |
| Zoning Type | Unknown |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Foyer | 11'0'' x 10'0'' | ||
| Basement | 3pc Bathroom | 7'0'' x 6'6'' | ||
| Basement | Laundry Room | 11'0'' x 8'0'' | ||
| Basement | Bedroom | 13'6'' x 11'0'' | ||
| Basement | Games Room | 13'6'' x 12'0'' | ||
| Basement | Family Room | 17'0'' x 12'0'' | ||
| Main Level | 4pc Bathroom | 8'0'' x 5'0'' | ||
| Main Level | Bedroom | 13'0'' x 9'9'' | ||
| Main Level | Primary Bedroom | 13'9'' x 10'0'' | ||
| Main Level | Kitchen | 12'0'' x 9'6'' | ||
| Main Level | Dining Room | 11'6'' x 9'4'' | ||
| Main Level | Living Room | 19'0'' x 13'8'' |
https://www.realtor.ca/real-estate/28488794/1007-lanfranco-road-kelowna-lower-mission
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June 18 2025 08:37:35
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Oakwyn Realty Okanagan, Oakwyn Realty Ltd.