$559,000

609 Highway 97, Osoyoos

Osoyoos, Osoyoos, BC V0H1V1

2,516 sq ft · Single-family home

Listed by Royal LePage Desert Oasis Rlty

About this property

EXCELLENT INVESTMENT AND BUSINESS OPPORTUNITY in a high-exposure commercial location surrounded by orchards, just five minutes from downtown Osoyoos and steps from the U.S. border. Situated on a spacious 0.35-acre lot with ample on-site parking, this income-producing property offers an attractive combination of established revenue, flexible commercial space, and future growth potential. The property currently generates approximately $3,800 per month from two established tenants, operating at an estimated 7.1% cap rate. Leasing the remaining vacant office space could potentially increase the cap rate to approximately 8% or higher. The building contains three separate office units, each with its own electrical service, providing excellent flexibility for investors, owner-occupiers, or multiple business operations. Open the door to a variety of potential business concepts, including a kennel or pet-care operation, or a secure storage facility catering to long-term travellers, snowbirds, and seasonal residents, subject to applicable zoning and approvals. Recent improvements include a new roof, while the large basement with extensive shelving provides valuable storage, inventory, or operational space. With tenants responsible for their own utilities, minimal ownership expenses, proven rental income, and immediate value-add potential, this is a compelling commercial investment in one of the South Okanagan’s most strategic locations. (id:67417)

Property details

Price

$559,000

MLS® number

10380567

Property type

Single-family home · Residential Commercial Mix · Other

Living area

2,516 sq ft

Lot size

0.35 acres · 0.35

Community

Osoyoos, Osoyoos

Features

Heating

Electric

Cooling

Central air conditioning

Parking

Additional Parking

Roof

Asphalt shingle, Unknown

Exterior

Stucco

Water

Municipal water

Sewer

Municipal sewage system

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