$535,000

1350 St Paul Street Unit# 102, Kelowna

Kelowna North, Kelowna, BC V1Y2E1

967 sq ft · Commercial

Listed by Coldwell Banker Horizon Realty

About this property

Turnkey income investment in the heart of downtown Kelowna. This 967 SF strata unit is leased to an established hair salon on a 5-year triple net lease (commencing June 1, 2026, with a 5-year renewal option), providing immediate, stable cash flow with built-in 3% annual rent escalations. In-place income of $26,669.86/year ($27.58/SF, NNN) reflects a cap rate of approximately 5% at the list price of $535,000. Tenant has one reserved parking stall in the buildings parking garage. A low-maintenance, hands-off investment with a strong downtown location and a proven, established tenant. (id:67417)

Property details

Price

$535,000

MLS® number

10396878

Property type

Commercial · Retail

Living area

967 sq ft

Annual taxes

$5,913

Strata / HOA fee

$394 monthly

Community

Kelowna North, Kelowna

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