Development Opportunity in Lower Mission, Kelowna

For more details or to contact the seller directly, please look up Listing ID 850587 at ForSaleByOwner.ca.   A rare find in one of Kelowna’s most desirable neighbourhoods—a large .34 acre corner lot, 1007 Lanfranco Road offers both immediate 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 car garages. There's also potential to rezone under MF1 and subdivide into three lots (details available upon request). Whether you’re looking for a build site or a strong holding property; this one checks all the boxes. Seller is offering a rare acquisition opportunity through a staggered deposit structure for developers/investors looking to secure a premium location while preserving capital for planning, design and early-stage project work.   The existing home offers solid rental income 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.   Seller is open to assignments, any profits to be retained by the Buyer.   All information, including zoning, development potential, and measurements, is deemed reliable but not guaranteed. Buyers to verify independently. Full development package information available upon inquiry with signed NDA.