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. Listing contains rendering photos as examples. Do not miss out! (id:56537)