2418 Drought Road, West Kelowna, V4T1P6 — For sale @ $1,498,000
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For sale
$100K on Jan 15
$1,498,000
$1,598,000
2418 Drought Road, West Kelowna, V4T1P6
0 Beds
Baths
0
9 Parking
3,000 sqft
Home Overview
Description
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 willing to lease back the commercial space at fair market rent, offering immediate stable income. Residential units 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 service, two new furnaces, and newer A/C units, providing a low-maintenance, turn-key asset. Strong holding property with cash flow, flexible use options, and future redevelopment potential in a rapidly growing urban market. (id:39198)
198 days
On Market
Other
Property Type
$10,414 / Year
Est. Taxes
Residential Commercial Mix
Style
-
Garage
-
Basement
3D Virtual Tour
Location & Areas
Commute
2418 Drought Road, West Kelowna, V4T1P6
Home Details
Lot Depth:
-
Lot Width:
-
Style:
Residential Commercial Mix
Exterior Construction:
Brick, Vinyl siding
Roof Material:
Other, Unknown
Patio/Deck:
-
Driveway:
-
Swimming Pool:
-
Schools nearby
Listing Brokerage
MLS® Listing
10364441
Brokerage
Engel & Volkers South Okanagan
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