Area: British Columbia
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Take advantage of this opportunity to acquire a well maintained and leased mixed use COMMERCIAL/RESIDENTIAL property with holding value and development upside. Located in central downtown West Kelowna on a high-exposure street and close to all amenities, transit and with plenty of on site parking. This building is ideal for an owner operator to utilize the C1 zoning which is suitable for a wide variety of uses including legal, medical, dental, physio, chiropractic, haircare, tattoo, child care, education, entertainment, pub, restaurant and more. The zoning also allows for apartments and care facility, major which adds to the longer term development potential as seen in the area already. Renovated in 2019 and consisting of a +/- 1200 sqft commercial space on the main and 2 apartments above spanning +/-1480 sqft, this building's diverse revenue streams make it ideal for an owner operator to utilize the commercial space, apartments or both while benefiting from additional revenue from the remainder of the building. The current owner wishes to remain in the commercial space and will enter into a fair market lease if possible. SUITE ONE: 2 Bedrooms 1 bathroom, in-suite laundry. SUITE TWO: 1 bedroom 1 bathroom, in-suite laundry. Both tenants on month to month. Updates include, two new furnaces in 2019 and two newer AC units, plumbing updated to PEX, updated electrical service for the entire building. (id:44056)

Property Details

Full Address:
2418 Drought Road, West Kelowna, British Columbia
Price:
$ 1,598,000
MLS Number:
10364441
List Date:
October 8th, 2025
Lot Size:
0.14 ac
Year Built:
1995
Taxes:
$ 10,414

Interior Features

Air Conditioning:
Central air conditioning
Heating:
Forced air, See remarks

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Other, Unknown
Exterior:
Brick, Vinyl siding
Garage Spaces:
9
Ownership Type:
Freehold
Taxes:
$ 10,414

Floors

Finished Area:
3000 sq.ft.

Land

Lot Size:
0.14 ac
Current Use:
Mixed use

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jonathan Wall Personal Real Estate Corporation Engel & Volkers South Okanagan
 604-202-3771
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Listing Agent(s)

Listing: Jonathan Wall
Engel & Volkers South Okanagan
Co-Listing: Alexander Lougheed
Engel & Volkers Vancouver (Branch)

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