Property Description
Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate Income! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. It delivers an immediate return as a currently licensed, operating 12-room, 40-bed hostel with a proven revenue history prior to COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. (id:6770)
Overview
Price
$
1,488,900
MLS #
10364717
Age
1950
Size
4000 sqft
Lot Size
0.16
acres
Exterior
Stucco
Cooling
Window air conditioner
Water
Municipal water
Sewer
Municipal sewage system
Property Type
Other
Roof
Unknown
Zoning Type
Unknown
Local Amenities
Golf Nearby, Airport
Listing Office
Engel & Volkers Okanagan
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