Prime Development Opportunity in Lower Mission A rare investment opportunity in one of Kelowna’s most desirable neighbourhoods! 1007 Lanfranco Road presents a proposed 8-unit townhome development featuring modern design, rooftop patios, double garages, and private elevators. With MF2 zoning and Development Permit approval secured, this property is shovel-ready and primed for growth. There’s also potential to subdivide into three separate lots under MF1 zoning—details available upon request. The existing home offers strong rental income, making it a solid holding property while planning the next phase. Flexible financing available, including the option of a Vendor Take Back (VTB) mortgage—an excellent opportunity to maximize investment potential. Located in the heart of Lower Mission with easy access to top-rated schools, parks, beaches, shopping, and Okanagan Lake. Rezoning and development approvals are already complete, ensuring a smooth transition for the next owner. Don’t miss this chance to secure a high-potential site with short-term income and long-term value. Contact us today for more information! All information, including zoning, development potential, measurements, and financial terms, is deemed reliable but not guaranteed and should be verified by the buyer or buyer’s agent. (id:43014)
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Lower Mission real estate is considered by many to be the gem of Kelowna. Located on the east side of the Okanagan Lake, just south of Kelowna's downtown. This desirable area is home to some of Kelowna's best beaches, as well as many boutiques, cafes, banks, and medical offices. In the heart of the Lower Mission you'll find Pandosy Village: an area peppered with family run businesses and noticeably void of big box chain stores. The residential real estate market in the Lower Mission offers something for everyone, from town homes, condos, vacation rentals, gated communities, family homes, to luxurious multi-million dollar lakefront homes.
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