BC > Kelowna > Lower Mission
Kelowna, BC V1W3X2,1007-3425 Lanfranco-Barberry Road
Kelowna, BC V1W3X2,1007-3425 Lanfranco-Barberry Road
Kelowna, BC V1W3X2,1007-3425 Lanfranco-Barberry Road
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Aaron MacRae

Aaron MacRae

Redline | Real Broker

+1(403) 852-2260
$1,859,900
Est. payment /mo
0.34 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Lower Mission

MLS® Listing ID 10333060

Originating Board Association of Interior REALTORS®

Lot Size 0.340 Acres

Acres 14810.4

Property Sub-Type Freehold

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:24570)

Location

State BC

Zoning Unknown

Exterior

Parking Features No

View Y/N No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Oakwyn Realty Okanagan

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Aaron MacRae

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+1(403) 852-2260

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