This property represents a rare redevelopment opportunity in the heart of Lower Mission/Kelowna South. Set on a flat and expansive 0.37-acre MF1-zoned lot, it offers exceptional potential for multi-family infill, whether townhomes, fourplexes, or other higher-density housing forms. The location is second to none—tucked away on a quiet no-thru street yet just minutes from Okanagan Lake, beaches, schools, Okanagan College, and every amenity that makes this one of the most sought-after neighborhoods in the city. While the true value lies in the land and zoning, the existing 3,172 sq ft home adds strong holding power with 4 bedrooms plus den, 3 bathrooms, and a versatile in-law suite. The main level boasts vaulted ceilings, a bright open-concept kitchen with walk-in pantry, and a spacious primary retreat with 5-piece ensuite and walk-in closet. The backyard transforms into a resort-style escape with a saltwater pool, hot tub, dry sauna, treehouse, dog run, and a substantial 34' x 22' detached garage/workshop with ample RV and boat parking. Recent updates including a newer roof, driveway, water main, pool liner, and poolside concrete further enhance its functionality as a rental or interim residence. For builders, developers, and investors, this is a land-value play with significant upside in a high-demand area where redevelopment opportunities are increasingly scarce.