- ©MLS 10364717
- Area 4000 sq ft
- Parkings 8
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:48970) Show More
Details
- Constructed Date: 1950
- Property Type: Other
- Type: Residential Commercial Mix
- Access Type: Easy access
- Neighbourhood: Kelowna North
Ammenities + Nearby
- Golf Nearby
- Airport
- Golf Nearby
- Airport
Features
- Level lot
- Window air conditioner
- Security
- Sprinkler System-Fire
- Smoke Detector Only
- Forced air
- See remarks
Location
Similar Properties
For Sale
$ 1,488,900 $ 368 / Sq. Ft.
- 10366465 ©MLS
- 10 Bedroom
- 3 Bathroom
For Sale
$ 349,000 $ 1,119 / Sq. Ft.
- 10389336 ©MLS
- 0 Bedroom
- 1 Bathroom
For Sale
$ 899,000 $ 836 / Sq. Ft.
- 10377374 ©MLS
- 2 Bedroom
- 1 Bathroom
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
Data provided by: Okanagan-Mainline Real Estate Board