Save
Ask
Tour
Hide
Share
$2,600,000
185 Days On Site

1240 KLO Road
Kelowna, BC V1V 2V6

For Sale|Single Family Residence|Active
5
Beds
3
Total Baths
1,778
SqFt
$1,462
/SqFt
1968
Built
1240 KLO Road1240 KLO Road1240 KLO Road
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

Enter an interest rate to see your estimated monthly payment.
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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:31684)

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$2,600,000
Days On Site 
185 Days
Bedrooms 
5
Inside Area (SqFt) 
1,778 sqft
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.31 Acres
Year Built 
1968
MLS® Number 
10386481
Status 
Active
Property Tax 
$3,932
Maintenance Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
6 months agoStatus changed to Active
6 months agoListing first seen on site
General Features
Acres 
0.31
Attached Garage 
Yes
Garage 
Yes
Number Of Stories 
2
Parking 
Attached
Parking Spaces 
2
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Style 
Multi-level
Water Source 
Public
Interior Features
Heating 
Electric
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Stucco
Lot Features 
Level
Roof 
AsphaltShingle

Listing courtesy of: Bruce Cottier of Royal LePage Kelowna

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share