1007-3425 Lanfranco-Barberry Road Kelowna, British Columbia V1W 3X2

$1,859,900

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:13641)

Property Details

MLS® Number 10333060
Property Type Vacant Land
Neigbourhood Lower Mission
Road Type Paved Road

Building

Type Other
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 85 Ft
Size Irregular 0.34
Size Total 0.34 Ac|under 1 Acre
Size Total Text 0.34 Ac|under 1 Acre
Zoning Type Unknown

Utilities

Water Available

https://www.realtor.ca/real-estate/27832248/1007-3425-lanfranco-barberry-road-kelowna-lower-mission

Contact Us

Contact us for more information

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Kara Rosart
Personal Real Estate Corporation

(250) 863-1274
www.kararosart.com/

Oakwyn Realty Okanagan
#108 - 1980 Cooper Road
Kelowna, British Columbia V1Y 8K5

(250) 861-5122
(250) 861-5722
www.realestatesage.ca/

Jasleen Sangha

(250) 801-9508
www.oakwyn.com/

Oakwyn Realty Ltd.
A500 - 20020 84 Avenue
Langley, British Columbia V2Y 5K8

(778) 726-7400
(604) 620-7970
www.oakwyn.com/

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