1240 KLO Road
Kelowna, BC V1V2V6
$2,600,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 0.31 acres
- Frontage
- 134 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,932
Interior
- Heating
- Electric
- Cooling / A/C
- See Remarks
- Fireplace
- None
Exterior & Lot
- Exterior features
- Stucco
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 2 — covered indicated
- Features
- Attached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Basement | 9'10'' x 18'5'' |
| Kitchen | Basement | 10'9'' x 7'10'' |
| Bedroom | Basement | 8'4'' x 10'9'' |
| Bedroom | Basement | 8'3'' x 10'4'' |
| 4pc Bathroom | Basement | 4'5'' x 7'4'' |
| Storage | Main level | 7'4'' x 3'3'' |
| Living room | Main level | 16'2'' x 13'8'' |
| Laundry room | Main level | 5'11'' x 8'11'' |
| Kitchen | Main level | 8'7'' x 11'5'' |
| Dining room | Main level | 9'1'' x 11'5'' |
| Primary Bedroom | Second level | 11'2'' x 11'3'' |
| Bedroom | Second level | 8'10'' x 11'9'' |
| Bedroom | Second level | 9'3'' x 11'9'' |
| 4pc Bathroom | Second level | 7'1'' x 9'3'' |
| 2pc Bathroom | Second level | 3'2'' x 6'0'' |
Listing Information
- MLS®
- 10386481
- Listed
- May 11, 2026
- Time on market
- On the market for 112 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.
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, 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:63159)
Values & Trends
This listing
$1,462/sqft
Building average
—
No other active listings in this building
Kelowna South average
$746/sqft
80 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
12°C
Clear
Humidity 88%
Wind ENE 5 km/h
Tonight
11°
Tuesday
27°
Tuesday night
14°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
144,576
(2021 Census)
+13.5% since 2016
Density: 682.4/km²
Dwellings: 67,115
Median household income: $82,000
After-tax: $73,500
Immigrant population: 15.3%
Top countries of origin (% of total population)
- United Kingdom2.1% · 3,055
- India1.6% · 2,335
- Philippines1.1% · 1,620
- Germany1.1% · 1,540
- United States of America1% · 1,375
- China0.7% · 960
- Poland0.4% · 585
- South Africa, Republic of0.4% · 525
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
15
2/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| KLO Middle School | Middle | 282 m |
| Kelowna Secondary | Secondary | 496 m |
| Immaculata Regional High School(Independent) | Secondary | 619 m |
| Casorso Elementary | Elementary | 1.1 km |
| Kelowna Christian School(Independent) | K-12 | 1.2 km |
| Raymer Elementary | Elementary | 1.2 km |
| A S Matheson Elementary | Elementary | 1.7 km |
| St Joseph Elementary School(Independent) | Elementary | 2.2 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (1)
- Unnamed426 m
Parks (3)
- KLO Sports Field484 m
- Mappin Court Park620 m
- Windermere Park713 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($520,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.