- Active
840 Lanfranco Road
Kelowna · Other
Listed by Realtymonx · MLS® 10404607
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Sign inAbout this home
**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!**
Home facts
- Property type
- Other
- Area
- Kelowna South
- Listed
- October 28, 2026
- Structure
- Residential Commercial Mix
- Frontage
- 271 feet
- PID
- 011-606-584
Highlights
- In-suite laundry
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
Listed by Realtymonx. Last updated Nov 10, 2026, 9:50 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $30,804
- Property tax
- $1,892/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $32,845
Purchase snapshot
- List price
- $6,499,000
- Down payment
- $1,299,800 (20%)
- Estimated mortgage
- $5,199,200
Estimates only. They leave out utilities, upkeep and closing costs.
Neighbourhood
Walk to Save-On-Foods6 min
Bike to Mission Recreation Exchange11 min
Walk to Mission Recreation Exchange37 min
Drive to downtown Vancouver10h 47m
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 41%
Homes for sale nearby, by type
Condo / Apartment173 for sale
Detached120 for sale
Townhouse92 for sale
Other15 for sale
Other11 for sale
Land10 for sale
Active listings within 3 km of this home.
Homes built in Kelowna, by type
Low-rise apartment76.8% · 695
Row house20.4% · 185
Semi-detached2.8% · 25
Source: Statistics Canada, 2021 Census of Population. 905 dwellings.
Who lives here
Statistics Canada area 59350247 · Kelowna
- Median age
- 56
- Renter households
- 36%
- Average household size
- 1.7
- Median household income
- $56,800
- Population (2021)
- 1,665
- Median rent
- $1,315
- Owner shelter cost
- $790
- 30%+ of income on shelter
- 34%
- Owner households
- 63%
- Households with kids
- 13%
- Immigrants
- 19%
- Post-secondary
- 52%
- Average home value (2021)
- $424,000
Breakdown
Under $5,0000.6% · 5
$5,000 to $9,9990.6% · 5
$10,000 to $14,9991.7% · 15
$15,000 to $19,9991.7% · 15
$20,000 to $24,9996.7% · 60
$25,000 to $29,9996.1% · 55
$30,000 to $34,9996.1% · 55
$35,000 to $39,9997.8% · 70
$40,000 to $44,9996.7% · 60
$45,000 to $49,9995.0% · 45
$50,000 to $59,99911.7% · 105
$60,000 to $69,99910.0% · 90
$70,000 to $79,9998.9% · 80
$80,000 to $89,9996.1% · 55
$90,000 to $99,9996.1% · 55
$100,000 to $124,9997.2% · 65
$125,000 to $149,9993.9% · 35
$150,000 to $199,9992.8% · 25
$200,000 and over0.6% · 5
Source: Statistics Canada, 2021 Census Profile, dissemination area 59350247.