Address
1340 St Paul Street Kelowna, BC
Price
$ 2,675,000
Property Attributes
  • MLS#10240704
  • TypeCommercial
  • CityKelowna
  • AreaCentral Okanagan
  • NeighbourhoodKN - Kelowna North
  • Postal CodeV1Y 2E1
  • StyleCommercial
  • Price$ 2,675,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8000
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Macdonald Realty Kelowna
Data Source:
Canada - Okanagan Mainline Real Estate Board (OMREB) - 444 - CAN
Property Description

Opportunity for a two storey professional building in the heart of Downtown Kelowna, located only two blocks from Lake Okanagan, the Kelowna Yacht Club & Marina and Prospera Place Arena. This is an excellent opportunity for an investor or owner-user group to acquire a functional two storey building for a single or multiple tenants. Alternatively, the property could be rezoned to C7 Commercial and redeveloped in accordance with the multitude of dense mixed-use towers that are rising in the Downtown. Building Area: +/- 8,000 SF (4,000 per floor). Land Area: 0.17 Acres (7,405 SF). Loading: 2 grade-level overhead doors at the rear. Parking: 10 stalls (6 at front, 4 at rear). Location: 2 blocks to Lake Okanagan Max. Height if rezoned to C7: 22.0 m (72’). Max. FAR if rezoned to C7: 9.0 (66,645 SF). Pro-Forma Rent: $128,000 Base Rent ($16.00/SF). Cap Rate: 5.0% on stabilized NOI of $121,600. The property will be offered as vacant possession 60 days after condition removal.

General Features

Acres 0.170
DOM 73
Listing Office Macdonald Realty Kelowna
Status Active
Terms For Sale

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V1Y 2E1

Price
AVG $2.68M
$2.68M
Visits
AVG 22
21
Walkscore
AVG 79
79
Data Provided by Walkscore ® not using MLS data