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FIND OUT MORE ABOUT 1240 KLO ROAD, KELOWNA BRITISH COLUMBIA V1V2V6 (MLS® #10386481)
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1240 KLO Road, Kelowna, British Columbia
$2,600,000
5
Beds
3.0
Baths
1,778
Square feet
0.3100
Acres
About 1240 KLO Road
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, and 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 assembly is located in an area experiencing strong redevelopment momentum, with excellent proximity to transit, amenities, schools and major transportation routes. The existing homes also provide 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:66920)
Key Features
Level lot
Multi-level
Attached Garage
Electric
See Remarks
House
Open House
Sat, May 30th, 2026 @ 2pm - 4pm
No RSVP required. Drop in anytime during the open house window.
Listing courtesy of Association of Interior REALTORS®.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by
The Canadian Real Estate Association (CREA) and identify real estate professionals who
are members of CREA. Data is deemed reliable but is not guaranteed accurate by CREA.
