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1011-1013 Lawson Avenue
Kelowna · Single Family
- Beds
- 9
- Baths
- 4
- Sqft
- 3,930
- Built
- 1980
Listed by Royal LePage Kelowna · MLS® 10402492
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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.
Home facts
- Bedrooms
- 9
- Bathrooms
- 4 full
- Interior
- 3,930 sq ft
- Year built
- 1980
- Storey
- 1
- Parking
- 1
- Property type
- Single Family
- Garage
- Yes
- Area
- Kelowna North
- Listed
- October 2, 2026
- Structure
- Duplex
- PID
- 003-859-207
- Common interest
- Freehold
Highlights
- Near UBC
Features and inclusions
- Heating
- Baseboard heaters, Electric
- Parking
- Attached Garage
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $5,119
- Property tax
- $317/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,586
Purchase snapshot
- List price
- $1,080,000
- Down payment
- $216,000 (20%)
- Estimated mortgage
- $864,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $5,140
- At 4.7595 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $2,376 a month
- Gross yield
- 2.6%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Kelowna
Ten year average, 2016–2025.
- Average temperature
- 9.6°C
- Daily mean across the year.
- Yearly precipitation
- 242 mm
- On the drier side for BC.
- Bright sunshine
- 1,949 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
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Who lives here
Documents
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