1011-1013 Lawson Avenue,Kelowna, BC V1Y6T3
Kelowna, BC V1Y6T3
Description
INVESTORS DEVELOPERS MULTI-GENERATIONAL FAMILIES - 1st time offered for sale in 34 years! This full side-by-side duplex presents a rare opportunity to generate rental income, accommodate extended family, or landbank a prime site for redevelopment. Situated on a 0.21-acre corner lot in Downtown Kelowna, the property offers approx. 117 ft of frontage along Lawson Avenue and 76 ft along Graham Street. Its TS1 zoning supports higher-density infill and a variety of residential formats, including apartments, townhomes, and long-term rental housing. The site permits development of up to 6 storeys and a max. density of 2.05 FAR, with the potential for an additional 0.3 FAR bonus for qualifying rental or affordable housing projects. The 1013 residence offers 5 bedrooms and 2 full bathrooms. The main level features a kitchen, living room, 3 bedrooms and a full bathroom, while the lower level provides two additional bedrooms, a second full bathroom and excellent potential for an in-law suite. Following water damage in 2024, the affected areas were professionally remediated by Total Restoration. The 1013 side is a blank canvas for renovation. The 1011 residence offers 4 bedrooms and 2 full bathrooms and is currently tenant-occupied, providing immediate rental income. Located within 80m of a Transit Supportive Corridor and less than 1 km from Downtown Kelowna and the future UBC Okanagan downtown campus. Parks, beaches, shopping, restaurants and transit are all nearby. (id:13843)
Details
| MLS # | 10402492 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Status | Active |
| Year | 1980 |
| Days On Site | 31 |
| Listing Provided By | Royal LePage Kelowna | Ryan Peterson |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,930 |
| Garage | 1 |
| Story(s) | 1 |
| Acreage | 0.21 |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Fireplace Yes / No | No |
Parking
| Parking Features | Attached Garage |
|---|---|
| Parking Total | 1 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5738 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y6T3 |
| Listing VS Median (in V1Y6T3) | |
Price: $1,080,000 low | high Med: $1,080,000 sqft: 3,930 low | high Med: 3,930 $ / sqft: $275 low | high Med: $275 On site: 31 low | high Med: 31 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y6T3 |
| Listing VS Median (in V1Y6T3) | |
Price: $1,080,000 low | high Med: $1,080,000 sqft: 3,930 low | high Med: 3,930 $ / sqft: $275 low | high Med: $275 On site: 31 low | high Med: 31 | |
