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1007-3425 Lanfranco-Barberry Road, Kelowna

Property Description

Prime Development Opportunity in Lower Mission A rare investment opportunity in one of Kelowna’s most sought-after neighborhoods! 1007 Lanfranco presents a proposed 8-unit townhouse development in the heart of Lower Mission, offering contemporary designs with rooftop patios, double car garages, and elevators. With MF2 zoning and Development Permit approval secured, this property is primed for future development. Additionally, there is potential to subdivide into three lots under MF1 zoning (details available upon request). For investors seeking immediate returns, the existing home on the lot provides strong rental income potential, making this an excellent holding property while planning the next steps. Ideally located with easy access to top-rated schools, parks, shopping, and Okanagan Lake, this site is perfectly positioned to meet the increasing demand for quality housing in Kelowna. Elevar Properties has already completed the necessary rezoning and development approvals, ensuring a smooth transition for the next owner. Seller will offer a vendor take-back mortgage (VTB) based on the agreed-upon purchase price and terms. This is a rare chance to acquire a prime development site with both short-term income potential and long-term growth value. Contact us today for more details! (id:43014)

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Full Address:
1007-3425 Lanfranco-Barberry Road, Kelowna, British Columbia
Price:
$ 1,859,900
MLS Number:
10333060
List Date:
January 22nd, 2025
Neighbourhood:
Lower Mission
Lot Size:
0.34 ac
Taxes:
$ 3,896

Property Details

Interior Features

Sewer:
Municipal sewage system
Water:
Municipal water
Zoning:
Unknown
Ownership Type:
Freehold
Taxes:
$ 3,896

Building Features

Floors

Lot Size:
0.34 ac
Road Type:
Paved road

Land

Neighbourhood Features

Ratings

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Agent: Kara RosartOffice: Oakwyn Realty Okanagan

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Prime Development Opportunity in Lower Mission A rare investment opportunity in one of Kelowna’s most sought-after neighborhoods! 1007 Lanfranco presents a proposed 8-unit townhouse development in the heart of Lower Mission, offering contemporary designs with rooftop patios, double car garages, and elevators. With MF2 zoning and Development Permit approval secured, this property is primed for […]
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1007-3425 Lanfranco-Barberry Road, Kelowna

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Lower Mission

Lower Mission real estate is considered by many to be the gem of Kelowna. Located on the east side of the Okanagan Lake, just south of Kelowna's downtown. This desirable area is home to some of Kelowna's best beaches, as well as many boutiques, cafes, banks, and medical offices. In the heart of the Lower Mission you'll find Pandosy Village: an area peppered with family run businesses and noticeably void of big box chain stores. The residential real estate market in the Lower Mission offers something for everyone, from town homes, condos, vacation rentals, gated communities, family homes, to luxurious multi-million dollar lakefront homes.

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