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:4069)
Address
1494/1496 Elm Street
List Price
$1,000,000
Property Type
Single Family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
6
Bathrooms
4
Floor Area
2,972 Sq. Ft.
Lot Size
0.2 Ac.
Frontage Length
70 ft
Year Built
1984
MLS® Number
10397379
Listing Brokerage
Vantage West Realty Inc.
Postal Code
V1Y3W9
Ownership
Freehold
Parking Places (Total)
5
Site Influences
Park, Recreation, Schools, Shopping
Appliances
Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
Heat Type
Forced air, See remarks
Cooling Features
Window air conditioner
Fireplace
Yes
Number of Fireplaces
1
Number Of Floors In Building
1.5
Water Source
Municipal water
Sewer
Municipal sewage system
