Don Rae Realtor


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  • 1494/1496 Elm Street Kelowna V1Y3W9

    Price : $1,000,000 Listing ID : 10397379
    Bedrooms Bathrooms
    Property Type : Single Family Building Type : Duplex
    Title : Freehold Finished Area : 2972 sqft
    Built in : 1984 Total Parking Spaces : 5
    Developers, investors, and forward-thinkers—this is the opportunity you’ve been waiting for! This FULL duplex sits in one of Kelowna’s most strategically positioned locations, offering immediate rental income potential — including Airbnb — AND long-term redevelopment upside within the city’s Transit Supportive Corridor Pilot. No strata fees, ample parking, the property is as practical as it is promising. Each side features 3 bedrooms & 2 bathrooms, with 1494 vacant for immediate possession, while 1496 is rented. The homes are mostly original—prime for renovation, value-adding upgrades, or holding as-is while planning your next move. Both sides have private yards, and 1494 features a detached 18' x 24' garage perfect for trades, storage, or workshop use. The property backs onto Duggan Park, offering instant access to green space and a dog park. Just off Bernard Avenue, you’re steps from the new Parkinson Recreation Centre, schools, the Apple Bowl, restaurants and the Landmark District. Transit access is exceptional. With two water services, two sewer lines, and a concrete block dividing wall, future stratification may be possible. Even more compelling: positioned at the crest of the hill, this lot (and the adjacent lot) offers future Okanagan Lake views—a major advantage for multi-unit housing development. Hold, rent, renovate, stratify, or redevelop—this property is a rare blend of present-day practicality and future-ready potential. (id:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : Park, Recreation, Schools, Shopping Access : - Appliances Inc : Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
    Community Features : - Features : - Structures : -
    Total Parking Spaces : 5 View : - Waterfront : -
    Zoning Type : -
    Building
    Architecture Style : - Bathrooms (Partial) : 0 Cooling : Window air conditioner
    Fire Protection : - Fireplace Fuel : - Fireplace Type : Free Standing Metal
    Floor Space : - Flooring : Carpeted, Linoleum Foundation Type : -
    Heating Fuel : - Heating Type : Forced air, See remarks Roof Style : Unknown
    Roofing Material : Asphalt shingle Sewer : Municipal sewage system Utility Water : Municipal water
    Basement
    Type : - Development : - Features : -
    Land
    Landscape Features : Underground sprinkler
    Rooms
    Level : Type : Dimensions :
    Main level 3pc Bathroom 7'3'' x 7'1''
    Family room 21'5'' x 10'8''
    Kitchen 17'1'' x 16'5''
    Laundry room 7'5'' x 7'2''
    Living room 17'4'' x 15'7''
    Second level 3pc Bathroom 6'11'' x 8'0''
    Bedroom 10'3'' x 11'1''
    Bedroom 9'10'' x 11'5''
    Other 10'1'' x 5'2''
    Other 5'2'' x 3'8''
    Primary Bedroom 10'9'' x 11'5''
    Data from sources believed reliable but should not be relied upon without verification. All measurements are approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently under contract.