For Sale: 1240 Klo Road, Kelowna, BC - REW
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$2,600,000
5 bd • 3 ba • 1778 sf • House
1240 Klo Road
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$2,600,000
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1240 Klo RoadKelowna, BC, V1V 2V6

South Pandosy - KLO
  • 5 Bed
  • 3 Bath
  • 1778 Sqft
  • House

About this home

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:63626)
Listed by: Bruce Cottier, Royal LePage Kelowna

Home facts and features

Price details
List Price
$2,600,000
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Gross Taxes for 2026
$3,932
Home facts
Bedrooms
5
Full Bathrooms
3
Parking Spaces
2
Parking Details
Attached Garage
Property Type
House
Lot Size
134 ft x 0 ft (13503 ft²)
Depth
Frontage
134.0 feet
Year Built
Built in 1968 (58 yrs old)
Title
Freehold
Style
Multi-level
Exterior Finish
Stucco
Heating Type
Electric
Cooling
See Remarks
Features
Level lot
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Kelowna
Listing details
Days on REW
24 Days
MLS® Number
10386481
Source
Canadian Real Estate Association
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

KLO Middle School
  • Public
  • 7 - 9
Kelowna Secondary School
  • Public
  • 10 - 12
Immaculata Regional High School
  • Independent
  • 8 - 12
Casorso Elementary School
  • Public
  • K - 6
Kelowna Christian School
  • Independent
  • K - 12
Raymer School
  • Public
  • Pre-K - 6
A S Matheson School
  • Public
  • Pre-K - 6
St Joseph Elementary School
  • Independent
  • K - 7
Willowstone Academy
  • Independent
  • K - 7
Ecole de l'Anse-au-sable
  • Public
  • K - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Bruce Cottier
Phone:
(250) 899-2195
Office:
250-860-1100
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