Yes. My son has an older Coda Sport; the frame is drilled for road calipers and the published geometry of the bikes with flat and drop bars is the same. I've thought about doing this if he outgrows it (it fits me); the V-brakes require either a device in the brake line to boost the leverage from brifters. Alternately, I can replace the V-brakes with cantilevers or with calipers. Or keep the current controls and brakes and do something else to the handlebars to get other hand positions (bar ends, add jammer bars, moustache or trekking bars).