Property Description
Fantastic Downtown Investment: Prime P2 Zoned Property, Income Potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is ripe with oppurtunity. Currently undergoing an update to the lower suites, main-floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel with a proven revenue history. 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. GST is applicable (id:6770)
Overview
Price
$
1,348,800
MLS #
10385536
Age
1952
Size
4000 sqft
Lot Size
0.16
acres
Water
Municipal water
Sewer
Municipal sewage system
Property Type
Business
Local Amenities
Golf Nearby, Airport
Listing Office
Engel & Volkers Okanagan
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