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:2493)
Data was last updated January 17, 2026 at 12:15 PM (UTC)
Area Statistics
Listings on market:
199
Avg list price:
$1,598,900
Min list price:
$92,000
Max list price:
$17,880,000
Avg days on market:
74
Min days on market:
0
Max days on market:
667
Avg price per sq.ft.:
$390.36
These statistics are generated based on the current listing's property type
and located in
Lower Mission. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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