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1007 Lanfranco Road, Kelowna
2026-01-17
Quick Summary
MLS®#10373131
Property Description
For more information, please click Brochure button. A rare find in one of Kelowna’s most desirable neighbourhoods—1007 Lanfranco Road offers both immediate potential rental income and a development opportunity. Situated on a large .34-acre lot, this well-maintained home is tenanted and producing an income stream. 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 is also potential to rezone under MF1 and subdivide into three lots. Whether you’re looking for a build site or a strong holding property, this one checks all the boxes. The existing home offers solid rental income (tenant fixed term lease until June 30/26) while final permitting is completed. 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 measurements are approximate. Do not miss out! (id:32467)
Property Features
Building
- Appliances: Range, Refrigerator, Hood Fan, Washer & Dryer
- Basement Type: Full
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Exterior Finish: Brick, Stucco
- Fireplace: Yes
- Flooring Type: Mixed Flooring
- Interior Size: 1956 sqft
- Building Type: House
- Stories: 1
- Utility Water: Government Managed
Features
- Feature: Balcony
Land
- Land Size: 0.34 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Easy List Realty
Listing information last updated on: 2026-01-17 01:48:47
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
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We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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- Areas serviced in the Central Okanagan include all sub divisions of: Kelowna, Westbank, West Kelowna, Peachland
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