This study presents a testing campaign aimed at evaluating the strength and stiffness properties of laminated veneer lumber (LVL) specimens. LVL is an engineered wood product composed of thin glued wood veneers whose use in construction for structural applications has increased due to its sustainability and enhanced mechanical performance. Despite LVL’s growing popularity, there is a lack of comprehensive information regarding stress–strain responses, failure modes, and the full set of strength and stiffness properties. These are particularly essential when LVL is employed in pure timber structures or composite systems such as steel–timber or timber–concrete load-bearing elements. This research aims to bridge this knowledge gap, focusing on crossbanded LVL panels, known as LVL-C, crafted from Scandinavian spruce wood, which is an LVL product with 20% of crossbanded veneers. The study explores LVL-C mechanical behavior in three primary orthogonal directions: longitudinal, tangential, and radial. A series of mechanical tests, including compression, tension, shear, and bending, was conducted to provide a thorough assessment of the material’s performance. In compression tests, different behaviors were observed in the three directions, with the longitudinal direction exhibiting the highest stiffness and strength. Tensile tests revealed unique stress–strain responses in each direction, with gradual tension failures. Shear tests showcased varying shear stress–strain patterns and failure modes, while bending tests exhibited significant strength and stiffness values in flatwise bending parallel to the grain and flatwise bending perpendicular to the grain. This paper summarizes the comprehensive testing results and discusses the obtained strength and stiffness properties of LVL-C panels, providing valuable insights into their mechanical behavior for engineering applications.