1 – 12 840 Lanfranco Road, Kelowna
MLS® 10404607
**PRIME INVESTMENT OPPORTUNITY | ** Exceptional 0.75-acre (32,670 sq. ft.) UC5-zoned property in the desirable Lower Mission neighbourhood, featuring **12 separately titled townhomes** across three well-maintained buildings. Each unit offers 2 bedrooms, 1.5 bathrooms, a kitchen, living room, and in-suite laundry. Currently generating **strong monthly rental income**, this property provides excellent holding income with significant redevelopment potential. UC5 zoning may allow MIXED- USE residential or HOTEL development of up to 6 storeys, with a potential **2.05 FAR and approximately 66,900 sq. ft. of buildable floor area**, subject to municipal approvals and applicable regulations. The property offers ample parking and a prime location within walking distance of Okanagan College and minutes from Gyro Beach, H2O, shopping, restaurants, and other amenities. **An outstanding opportunity for investors and developers seeking immediate income and long-term redevelopment potential!** (id:36863)
Property Details
- Full Address:
- 1 - 12 840 Lanfranco Road, Kelowna, British Columbia
- Price:
- $ 6,499,000
- MLS Number:
- 10404607
- List Date:
- October 28th, 2026
- Lot Size:
- 0.75 ac
Interior Features
Building Features
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
Floors
Land
- Lot Size:
- 0.75 ac
- Current Use:
- Mixed use
Neighbourhood Features
Ratings
Commercial Info
Location
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