1011-1013 Lawson Avenue, Kelowna, British Columbia V1Y6T3

Property 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:5764)