Live, Work, and Invest in One Location
Mixed-use commercial/residential investment in downtown West Kelowna on a high-exposure corridor with excellent access, transit, amenities, and ample on-site parking.
C1 zoning allows for a wide range of uses including medical, dental, legal, physio, chiropractic, childcare, education, restaurant, pub, retail, personal services, entertainment, and more, plus apartment or care facility development potential for long-term upside.
Building totals approx. 2,680 sq ft with ~1,200 sq ft commercial space on the main floor and two residential suites above (~1,480 sq ft) providing diversified income. Ideal for an owner-operator to occupy the commercial unit while generating revenue from the residential units, or as a pure investment. The current owner is prepared to enter into an above market lease with the new owner offering an immediate stable income source.
Residential units are both on month-to-month tenancies: Suite 1: 2 bed, 1 bath, in-suite laundry, Suite 2: 1 bed 1 bath in suite laundry Extensively updated in 2019 with PEX plumbing upgraded electrical
Overview
Ideal for owner occupier
C1 Zoning allows for a wide range of commercial uses as well as residential
Located near transit and a growing residential base
Well maintained low maintenance property with numerous upgrades
Landscaping requires minimal upkeep and management
2 units of residential with commercial space below
Ample on-site parking for both commercial and residential
Location provides easy access to Hwy 97 and proximity to local amenities
Current owner is prepared to enter into an above market lease with NNN recapture with the new owner.
Property Details
Civic Address 2418 Drought Rd. WEST KELOWNA, BC
PID 019-057-890
Legal Description LOT A DISTRICT LOT 486 OSOYOOS DIVISION YALE DISTRICT PLAN KAP53672
Year Built 1995
Lot Size .14 Acres
Unit Sizes Commercial +/- 1200 - Residential +/- 1480 total Washrrom and Dishwasher 2bed/1 Bath + 1bed/1bath
Zoning C1- General Commercial Zone
Foundation Concrete
Exterior Cement Block, Wood Frame, Siding
Parking 9 Parking Spaces
Hot Water ElectricHWT in each unit
Roof Torch On
Laundry Both residential suites have in-suite laundry
Upgrades Pex Plumbing, Upgraded electrical Service, 2 New Furnaces and newer AC
C1 Zoning
Purpose
To recognize the use of the C1 zone on existing parcels, and to accommodate a mix of uses at a medium density in limited locations outside of identified Urban and Neighbourhood Centres, as identified in the City’s Official Community Plan
Principal Uses, Buildings and Structures
(a) Agricultural market
(b) Apartment
(c) Alcohol production facility
(d) Broadcasting studio
(e) Care Facility, major
(f) Child care, major (centre/facility)
(g) Commercial school
(h) Community or assembly hall
(i) Education facility
(j) Entertainment facility, indoor
(k) Fire, police or ambulance service
(l) Food bank
(m) Funeral establishment
(n) High technology business
(o) Hotel
(p) Library, museum or art gallery
(q) Live/work unit
(r) Neighbourhood pub
(s) Office
(t) Personal service establishment
(u) Postal or courier service
(v) Printing or publishing
(w) Recreation services, indoor
(x) Restaurant
(y) Retail, convenience
(z) Retail, general
Buyers to confirm with the city of WEST KELOWNA
