Property Description
Mixed-use commercial/residential investment in downtown West Kelowna on a high-exposure corridor with excellent access, transit, amenities, and ample on-site parking. C1 zoning allows for a wide range of uses including medical, dental, legal, physio, chiropractic, childcare, education, restaurant, pub, retail, personal services, entertainment, and more, plus apartment or care facility development potential for long-term upside. Building totals approx. 2,680 sq ft with ~1,200 sq ft commercial space on the main floor and two residential suites above (~1,480 sq ft) providing diversified income. Ideal for an owner-operator to occupy the commercial unit while generating revenue from the residential units, or as a pure investment. The current owner is willing to lease back the commercial space at fair market rent, offering immediate stable income. Residential units Both on month-to-month tenancies: Suite 1: 2 bed, 1 bath, in-suite laundry, Suite 2: 1 bed, 1 bath, in-suite laundry. Extensively updated in 2019 with PEX plumbing, upgraded electrical service, two new furnaces, and newer A/C units, providing a low-maintenance, turn-key asset. Strong holding property with cash flow, flexible use options, and future redevelopment potential in a rapidly growing urban market. (id:6770)
Overview
Price
$
1,498,000
MLS #
10364441
Age
1995
Size
3000 sqft
Lot Size
0.14
acres
Exterior
Brick, Vinyl siding
Cooling
Central air conditioning
Water
Municipal water
Sewer
Municipal sewage system
Property Type
Other
Roof
Unknown
Zoning Type
Unknown
Local Amenities
Public Transit, Park, Recreation, Schools, Shopping
Listing Office
Engel & Volkers Vancouver
Begin Your Journey
Whether you seek a waterfront sanctuary or an architectural masterpiece, let us guide you home.
Fill out my online form.