1007 Lanfranco Road Kelowna, British Columbia V1W 3X2

$1,350,000

For more information, please click Brochure button. A rare find in one of Kelowna’s most desirable neighbourhoods—1007 Lanfranco Road offers both immediate potential rental income and a development opportunity. Situated on a large .34-acre lot, this well-maintained home is tenanted and producing an income stream. 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 is also potential to rezone under MF1 and subdivide into three lots. Whether you’re looking for a build site or a strong holding property; this one checks all the boxes. The existing home offers solid rental income (tenant fixed term lease until June 30/26) while final permitting is completed. 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 measurements are approximate. Listing contains rendering photos as examples. Do not miss out! (id:46156)

Property Details

MLS® Number	10373131
Property Type	Single Family
Neigbourhood	Lower Mission
Features	Balcony
Parking Space Total	10

Building

Bathroom Total	2
Bedrooms Total	3
Appliances	Range, Refrigerator, Hood Fan, Washer & Dryer
Basement Type	Full
Constructed Date	1972
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Brick, Stucco
Fireplace Fuel	Wood
Fireplace Present	Yes
Fireplace Total	2
Fireplace Type	Conventional
Flooring Type	Mixed Flooring
Heating Type	See Remarks
Roof Material	Asphalt Shingle
Roof Style	Unknown
Stories Total	1
Size Interior	1,956 Ft2
Type	House
Utility Water	Government Managed

Parking

Additional Parking

Land

Acreage	No
Fence Type	Fence
Sewer	Municipal Sewage System
Size Irregular	0.34
Size Total	0.34 Ac|under 1 Acre
Size Total Text	0.34 Ac|under 1 Acre

Rooms

Level	Type	Length	Width	Dimensions
Basement	Bedroom			13'6'' x 11'0''
Basement	Foyer			11'0'' x 10'0''
Basement	Laundry Room			11'0'' x 8'0''
Basement	Games Room			13'6'' x 12'0''
Basement	3pc Bathroom			7'0'' x 6'6''
Basement	Family Room			17'0'' x 12'0''
Main Level	4pc Bathroom			8'0'' x 5'0''
Main Level	Primary Bedroom			13'9'' x 10'0''
Main Level	Dining Room			11'6'' x 9'4''
Main Level	Bedroom			13'0'' x 9'9''
Main Level	Kitchen			12'0'' x 9'6''
Main Level	Living Room			19'0'' x 13'8''

Utilities

Cable	Available
Electricity	Available
Natural Gas	Available
Telephone	Available
Sewer	Available
Water	Available

https://www.realtor.ca/real-estate/29262064/1007-lanfranco-road-kelowna-lower-mission