$1,474,000

2418 Drought Road, West Kelowna

Westbank Centre, West Kelowna, BC V4T1P6

3,000 sq ft · Single-family home

Listed by Engel & Volkers South Okanagan

About this property

Live, Work and Invest In One Location. 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 prepared to enter into an above market lease with the new owner offering an immediate stable income source. Residential units are 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. Reach out today on this strong holding property with cash flow, flexible use options, and future redevelopment potential in a rapidly growing urban market. (id:67417)

Property details

Price

$1,474,000

MLS® number

10387141

Property type

Single-family home · Residential Commercial Mix · Other

Living area

3,000 sq ft

Lot size

0.14 acres · 0.14

Frontage

51 feet

Year built

1995

Parking spaces

9

Annual taxes

$10,414

Community

Westbank Centre, West Kelowna

Features

Heating

Forced air, See remarks

Cooling

Central air conditioning

Roof

Other, Unknown

Exterior

Brick, Vinyl siding

Lot

Level lot

Water

Municipal water

Sewer

Municipal sewage system

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