$1,348,800

730 Bernard Avenue, Kelowna

Kelowna North, Kelowna, BC V1Y6P5

4,000 sq ft · Commercial

Listed by Engel & Volkers Okanagan

About this property

Fantastic Downtown Investment: Prime P2 Zoned Property, Income Potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is ripe with oppurtunity. Currently undergoing an update to the lower suites, main-floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel with a proven revenue history. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. GST is applicable (id:67417)

Property details

Price

$1,348,800

MLS® number

10385536

Property type

Commercial · Other · Business

Living area

4,000 sq ft

Lot size

0.16 acres · 0.16

Frontage

50 feet

Year built

1952

Parking spaces

6

Annual taxes

$10,906

Community

Kelowna North, Kelowna

Features

Parking

Detached Garage

Lot

Level lot

Water

Municipal water

Sewer

Municipal sewage system

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