$2,600,000
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1240 Klo Road, Kelowna, BC V1V2V6

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5 Beds
3 Baths
1,778 Sq Ft

MF3 DEVELOPMENT OPPORTUNITY IN TRANSIT CORRIDOR (KLO AREA) Excellent opportunity to acquire a multi-family, multi-story development site in Kelownas 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:58753)

Listing By: Bruce Cottier - Royal LePage Kelowna
Source: CREA #10386481 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 10386481
  • Date Listed05/11/2026
  • Days on Realty 141 Days
  • Bedrooms 5
  • Bathrooms 3 baths
  • Lot Size 13,504 sq. ft
  • Sewer Public Sewer
  • Property Type Single Family Residence
  • Year Built 1968
  • Water Public
  • Square Feet 1,778 sq. ft
  • Price Per Sq. Ft $1462.32

Interior Features

  • Cooling See Remarks
  • Heating Electric

Exterior / Lot Features

  • Roof Asphalt, Other
  • Lot Size Acres -
  • Lot Size SQFT 13,503.60
  • Lot Features Level lot

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V1V2V6

Discover key demographics, population statistics, and environmental insights for the Kelowna, BC area.

Walkability in BC / V1V2V6

Source: Walk Score

67/100

Somewhat Walkable

Walk Score ®

47/100

Some Transit

Transit Score ®

76/100

Very Bikeable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

11 nearby routes: 11 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 32/100, Bike Score: 58/100.

Points of Interest near 1240 KLO Road, Kelowna, BC V1V2V6

Frequently Asked Questions for 1240 KLO Road

Source: Realty.com

1240 KLO Road, Kelowna, BC V1V2V6 in Kelowna, BC V1V2V6 is a single family residence listed at $2,600,000. Highlights include 5 bedrooms, 3 bathrooms, 1,778 sq. ft., built in 1968, $1,462 per sq. ft.. Realty.ca has 4 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 4 photos of 1240 KLO Road.

Our records indicate that 1240 KLO Road was built in 1968.

The full address for this home is 1240 KLO Road, Kelowna, BC V1V2V6.

1240 KLO Road has been listed on Realty.com since Mon May 11, 2026

Some errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 32/100, Bike Score: 58/100.

Listing provided courtesy of: Royal LePage Kelowna
Listing agent: Bruce Cottier

This content last refreshed on 2026-09-29 20:05:28. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.