840 Lanfranco Road
Kelowna, British Columbia V1W3X1
Offered at
$6,499,000
0.75Acres
The Residence
Residential Commercial Mix in Kelowna
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**PRIME INVESTMENT OPPORTUNITY | ** Exceptional 0.75-acre (32,670 sq. ft.) UC5-zoned property in the desirable Kelowna South neighbourhood, featuring **12 separately titled townhomes** across three well-maintained buildings. Each unit offers 2 bedrooms, 1.5 bathrooms, a kitchen, living room, and in-suite laundry. Currently generating **strong monthly rental income**, this property provides excellent holding income with significant redevelopment potential. UC5 zoning may allow MIXED- USE residential or HOTEL development of up to 6 storeys, with a potential **2.05 FAR and approximately 66,900 sq. ft. of buildable floor area**, subject to municipal approvals and applicable regulations. The property offers ample parking and a prime location within walking distance of Okanagan College and minutes from Gyro Beach, H2O, shopping, restaurants, and other amenities. **An outstanding opportunity for investors and developers seeking immediate income and long-term redevelopment potential!**
MLS® Number10404607
Price$6,499,000
Property TypeResidential Commercial Mix
Lot Size1 acres
Frontage271 feet
Days on Market18
The Gallery
Interiors & Grounds
Map & Location
Address840 Lanfranco Road
CityKelowna
ProvinceBritish Columbia
Postal CodeV1W3X1
CountryCanada
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