1240 KLO ROAD
Interior REALTORS® · V1W3P9
$2,600,000
About this residence
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:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 5
- Bathrooms
- 3
- Storeys
- 2
- Living area
- 1,778 sq ft
- Lot size
- 0.31
- Frontage
- 134 feet
- Parking
- 2 spaces
- Year built
- 1968
- Annual tax
- $3,932
- MLS®
- 10386481
- Board
- Interior REALTORS®
- Status
- Active
- Listed
- May 11, 2026
- Updated
- May 14, 2026
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'' |
Features & finishes
Heating
- Electric
Cooling
- See Remarks
Exterior
- Stucco
Parking
- Attached Garage
Lot
- Level lot
Sewer & Utilities
- Municipal sewage system
Architecture
- Multi-level
Financing
Estimated monthly payment
$12,159/mo
Loan amount
$2,080,000
Down payment
$520,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Interior REALTORS®
Nearby
About the area
Census · V1W- 38,374
- Population
- 48
- Median age
- $96,000
- Median income
- $850,000
- Median home value
- 78%
- Home ownership
- 21 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 1240 KLO ROAD?
1240 KLO ROAD is listed for $2,600,000, in Interior REALTORS®.
How many bedrooms and bathrooms does 1240 KLO ROAD have?
It offers 5 bedrooms and 3 bathrooms.
What type of home is 1240 KLO ROAD?
1240 KLO ROAD is a Single Family, House set over 2 storeys, built in 1968.
How large is 1240 KLO ROAD?
The home offers approximately 1,778 sq ft of living space on a lot measuring 0.31.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $12,159. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,932 per year.
Is there parking?
Yes — 1240 KLO ROAD includes 2 parking spaces.
What is the Interior REALTORS® area like?
Interior REALTORS® has a population of about 38,374, a median age of 48, a 78% home-ownership rate, with an average commute of about 21 minutes.
What is the average home value in Interior REALTORS®?
The median dwelling value in this area is approximately $850,000, based on census data via Neighbourly.
What is the median household income in Interior REALTORS®?
The median household income in this area is approximately $96,000.
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