730 Bernard Avenue, Kelowna, British Columbia V1Y6P5
Listing courtesy of Engel & Volkers Okanagan.
- $1,488,900
- 4,000
- SqFt
- List Price
- $1,488,900
- MLS®
- 10364717
- Days on Market
- 297
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- Other
- Living Area
- 4,000
- Lot Size Dimensions
- 0.16
- Lot Size
- 6,969
- Subdivision
- Kelowna North
Property Description
Fantastic Downtown Investment: Prime P2 Zoned Property, solid Income potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for 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 before COVID-19. 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. Currently, a 4-story apartment complex is easy to build. (id:5764)
Additional Information
- Garage
- Yes
- Subdivision
- Kelowna North
- Parking Spaces
- 8
- Cooling
- Window air conditioner
- Country
- Canada
- Sewer
- Municipal sewage system
- Roof
- Asphalt shingle, Unknown
- Heating
- Forced air, See remarks
- Lot Features
- Level lot
- Lot Size
- 6,969
