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$ 1,498,000
Est. payment /mo
Active
2418 Drought Road West Kelowna, BC V4T1P6
3,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000
Square Footage 3,000 sqft
Price per Sqft $499
Subdivision Westbank Centre
MLS® Listing ID 10364441
Year Built 1995
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Freehold
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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Forced air, See remarks
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Attached Garage No
Total Parking Spaces 9
Garage No
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://unbranded.youriguide.com/qdxm8_2418_drought_rd_west_kelowna_bc/
Listed by Engel & Volkers South Okanagan
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