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.
For sale
C$1,650,000
1007 Lanfranco Rd, Kelowna, BC V1W 3X2
3beds
1,956sqft
Single Family Residence
Built in 1972
0.37 Acres Lot
$-- Zestimate®
C$844/sqft
C$-- HOA
What's special
Large lotWell-maintained homeRooftop patiosPrivate elevatorsDouble garages
- 20 days
- on Zillow |
- 16 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: June 18, 2025 at 01:23pm
Listed by:
Kara Rosart,
Oakwyn Realty Okanagan,
Jasleen Sangha,
Oakwyn Realty Ltd
Source: Association of Interior REALTORS,MLS®#: 10352768Originating MLS®#: Association of Interior REALTORS
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 137.5 Square Feet
- Dimensions: 13.75x10.00
Bedroom
- Level: Main
- Area: 126.75 Square Feet
- Dimensions: 13.00x9.75
Bedroom
- Level: Basement
- Area: 148.5 Square Feet
- Dimensions: 13.50x11.00
Dining room
- Level: Main
- Area: 107.33 Square Feet
- Dimensions: 11.50x9.33
Family room
- Level: Basement
- Area: 204 Square Feet
- Dimensions: 17.00x12.00
Foyer
- Level: Basement
- Area: 110 Square Feet
- Dimensions: 11.00x10.00
Other
- Features: Three Piece Bathroom
- Level: Basement
- Area: 45.5 Square Feet
- Dimensions: 7.00x6.50
Other
- Features: Four Piece Bathroom
- Level: Main
- Area: 40 Square Feet
- Dimensions: 8.00x5.00
Game room
- Level: Basement
- Area: 162 Square Feet
- Dimensions: 13.50x12.00
Kitchen
- Level: Main
- Area: 114 Square Feet
- Dimensions: 12.00x9.50
Laundry
- Description: unfinished
- Level: Basement
- Area: 88 Square Feet
- Dimensions: 11.00x8.00
Living room
- Level: Main
- Area: 259.67 Square Feet
- Dimensions: 19.00x13.67
Heating
- Forced Air, Natural Gas
Cooling
- None
Features
- Flooring: Laminate, Partially Carpeted
- Basement: Full,Finished
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,956 sqft
- Finished area above ground: 1,032
- Finished area below ground: 924
Property
Parking
- Total spaces: 11
- Parking features: Additional Parking, Attached, Garage
- Attached garage spaces: 1
- Uncovered spaces: 10
Features
- Levels: Two,Multi/Split
- Stories: 2
- Pool features: None
Lot
- Size: 0.37 Acres
- Dimensions: 85.00 x 169.00
Details
- Parcel number: 007873590
- Zoning: RU1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bi-Level
- Property subtype: Single Family Residence
Materials
- Brick, Stucco, Wood Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Kelowna
Financial & listing details
- Price per square foot: C$844/sqft
- Annual tax amount: C$3,896
- Date on market: 6/18/2025
- Ownership: Freehold,Fee Simple
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