Property Description
Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate Income potential! 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 #
10366465
Age
1950
Size
4050 sqft
Lot Size
0.16
acres
Bedrooms
10
Bathrooms
3
Exterior
Stucco
Cooling
Central air conditioning
Appliances
Refrigerator, Range - Electric
Water
Municipal water
Sewer
Municipal sewage system
Flooring
Laminate, Tile
View
City view
Property Type
Single Family
Roof
Unknown
Zoning Type
Unknown
Local Amenities
Golf Nearby, Airport
Stories
3
Listing Office
Engel & Volkers Okanagan
Basement
Bedroom
10'11'' x 11'0''
Bedroom
10'2'' x 14'2''
Family room
12'6'' x 10'6''
Bedroom
11'8'' x 8'6''
Laundry room
8'3'' x 11'5''
Main level
Living room
15'6'' x 15'3''
Primary Bedroom
16'2'' x 11'4''
Den
11'1'' x 12'3''
Bedroom
9'8'' x 11'8''
Dining room
11'5'' x 12'6''
Bedroom
10'7'' x 11'6''
4pc Bathroom
11'7'' x 10'1''
Kitchen
18'10'' x 9'8''
Second level
Bedroom
15'1'' x 12'5''
3pc Bathroom
8'4'' x 9'11''
Bedroom
6'3'' x 12'1''
Bedroom
12'4'' x 13'11''
Full bathroom
Measurements not available
Bedroom
8'10'' x 7'6''
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