1494/1496 Elm Street
Kelowna, BC V1Y3W9
$1,000,000
Property Details
Property & Lot
- Sub-type
- Duplex
- Stories
- 1.5
- Lot size
- 0.2 acres
- Frontage
- 70 feet
Ownership & Fees
- Property type
- Duplex
- Ownership
- Freehold
- Annual property tax
- $5,240.63
Interior
- Heating
- Forced air, See remarks
- Cooling / A/C
- Window air conditioner
- Fireplace
- Yes (1)
- Fireplace type
- Free Standing Metal
- Flooring
- Carpeted, Linoleum
Exterior & Lot
- Exterior features
- Stucco, Aluminum
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 5 — covered indicated
- Features
- Detached Garage, Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Second level | 5'2'' x 10'1'' |
| 3pc Bathroom | Second level | 8'0'' x 6'11'' |
| Bedroom | Second level | 11'1'' x 10'3'' |
| Other | Second level | 3'8'' x 5'2'' |
| Bedroom | Second level | 11'5'' x 9'10'' |
| Primary Bedroom | Second level | 11'5'' x 10'9'' |
| Family room | Main level | 10'8'' x 21'5'' |
| 3pc Bathroom | Main level | 7'1'' x 7'3'' |
| Kitchen | Main level | 16'5'' x 17'1'' |
| Laundry room | Main level | 7'2'' x 7'5'' |
| Living room | Main level | 15'7'' x 17'4'' |
| 3pc Bathroom | Second level | 8'0'' x 6'11'' |
| Other | Second level | 3'8'' x 5'2'' |
| Primary Bedroom | Second level | 11'5'' x 10'9'' |
| Living room | Main level | 15'7'' x 17'4'' |
| Laundry room | Main level | 7'2'' x 7'5'' |
| Kitchen | Main level | 16'5'' x 17'1'' |
| Family room | Main level | 10'8'' x 21'5'' |
| 3pc Bathroom | Main level | 7'1'' x 7'3'' |
| Other | Second level | 5'2'' x 10'1'' |
| Bedroom | Second level | 11'1'' x 10'3'' |
| Bedroom | Second level | 11'5'' x 9'10'' |
Listing Information
- MLS®
- 10397379
- Listed
- August 13, 2026
- Time on market
- On the market for 18 days
- Data last synced
- August 28, 2026
Listing provided by: Vantage West Realty Inc. · Data source: CREA DDF.
Description
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:63159)
Values & Trends
This listing
$336/sqft
Building average
—
No other active listings in this building
Glenmore average
$505/sqft
5 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
15°C
Clear
Humidity 76%
Wind NNW 4 km/h
Tonight
11°
Tuesday
27°
Tuesday night
14°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
144,576
(2021 Census)
+13.5% since 2016
Density: 682.4/km²
Dwellings: 67,115
Median household income: $82,000
After-tax: $73,500
Immigrant population: 15.3%
Top countries of origin (% of total population)
- United Kingdom2.1% · 3,055
- India1.6% · 2,335
- Philippines1.1% · 1,620
- Germany1.1% · 1,540
- United States of America1% · 1,375
- China0.7% · 960
- Poland0.4% · 585
- South Africa, Republic of0.4% · 525
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
41
7/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Bankhead Elementary | Elementary | 704 m |
| Glenmore Elementary | Elementary | 1.4 km |
| A S Matheson Elementary | Elementary | 1.5 km |
| St Joseph Elementary School(Independent) | Elementary | 1.6 km |
| Central Secondary | Secondary | 1.6 km |
| Central School Programs | K-12 | 1.6 km |
| The Balsam School(Independent) | Elementary | 2.0 km |
| Kelowna Secondary | Secondary | 2.7 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (5+)
- umé · 1470 Harvey Avenue477 m
- Browns Social House - Harvey · 1544 Harvey Avenue478 m
- K-Town Pizzeria · 1470 Harvey Avenue483 m
- Noodlebox612 m
- The Old Spaghetti Factory · 1755 Capri Street699 m
Cafes (1)
- Bean Scene741 m
Grocery (2)
- Bulk Barn599 m
- Nester's Market · 1111 Lawson Avenue799 m
Parks (5+)
- Duggan Park41 m
- Bankhead Park309 m
- Richmond Park377 m
- Lombardy Park538 m
- Parkinson Recreation Park539 m
Gyms (2)
- Invati Yoga+Wellness597 m
- Flow Academy733 m
Pharmacies (1)
- Paragon Pharmacy764 m
Banks & ATMs (2)
- Coast Capital Savings · 1544 Harvey Avenue483 m
- Buster's Pizza & Donair - Kelowna - Bitcoin Well ATM · 1607 Sutherland Avenue622 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.