1240 Klo Road Kelowna, BC V1V 2V6
Listing Courtesy of:  CREA / Royal Lepage Kelowna

  1240 Klo Road Kelowna, BC V1V 2V6

Active (1 Days)
$2,600,000 (CAD)
5
BED
3
BATH
1,778
SQFT

Description

MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR – (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelowna’s rapidly evolving KLO Rd corridor. This property has already achieved MF3 zoning, allowing for near-term development potential in a high-demand rental and residential market. Situated within a designated transit supportive corridor, the site benefits from progressive planning policies supporting increased density and more flexible parking requirements (buyer to verify with City of Kelowna). FAR of 2.05 for residential development - and utilizing the rental bonus, an FAR of up to 2.35 is achievable. In conjunction with the neighboring MF3-zoned lot, the site presents an efficient and financially compelling development opportunity. With the addition of an adjacent third property on Holland road- that the City will support rezoning to MF3- there is a significant increase in the overall development area to 0.98 acres. The property is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing home also provides holding income while development plans are advanced. This property can only be purchased in conjunction with both 3080 Holland Road, and 3090 Holland Road, as a land assembly. (id:41440)

MLS®:
10386481
Taxes
$3,932
Lot Size
0.31 acres
Type
Single-Family Home
Year Built
1968
Style
Multi-Level
County
Central Okanagan

Listed By

Bruce Cottier, Royal Lepage Kelowna
Source
CREA
Last checked May 13 2026 at 12:02 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Lot Information
  • Level Lot
Heating and Cooling
  • Electric
  • See Remarks
Exterior Features
  • Stucco
  • Roof: Unknown
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Municipal Sewage System
Parking
  • Total: 2
  • Attached Garage
Stories
  • 2
Living Area
  • 1,778 sqft
Location
   
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 5/12/26 17:02