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 corethis is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. GST is applicable (id:13843)
| MLS # | 10385536 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Status | Active |
| Year | 1952 |
| Days On Site | 29 |
| Listing Provided By | Engel & Volkers Okanagan | Michal Gook |
| SQ Feet | 4,000 |
|---|---|
| Garage | 6 |
| Acreage | 0.16 |
| Lot Features | Level lot |
|---|
| Parking Features | Detached Garage |
|---|---|
| Parking Total | 6 |
| Tax Annual Amount | 10906.2 |
|---|
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y6P5 |
| Listing VS Median (in V1Y6P5) | |
Price: $1,348,800 low | high Med: $1,148,900 sqft: 4,000 low | high Med: 2,931 $ / sqft: $337 low | high Med: $424 On site: 29 low | high Med: 174 | |
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y6P5 |
| Listing VS Median (in V1Y6P5) | |
Price: $1,348,800 low | high Med: $1,148,900 sqft: 4,000 low | high Med: 2,931 $ / sqft: $337 low | high Med: $424 On site: 29 low | high Med: 174 | |
![]() | $1,348,800730 Bernard AvenueKelowna, BC V1Y6P5 |