Unique owner-occupier opportunity to purchase land and a 7,132 square foot building in central Kelowna, with ancillary cash flow. Situated on a 0.203-acre lot, this two-story building was built by Rykon Construction in 2006 and features high-quality construction with a history of efficient operations. The building boasts finishes reminiscent of upscale residential properties resulting in great curb appeal. Positioned in an area earmarked for future high-density development, as per the City of Kelowna 2040 Official Community Plan (OCP), the property offers the opportunity for equity generation, while benefiting from direct proximity to the Landmark District and Highway 97. With three leases in place there is a steady stream of income, plus a 2,228 useable square foot unit coming available on the second floor – ideal for an owner occupier. There are 17 on-site parking stalls and monument signage is visible to traffic travelling both directions on Sutherland Avenue. (id:43014)
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This area is all about location, location, location! Close to shopping, medical services and halfway between downtown and Orchard Park Mall, Springfield/Spall has an excellent walk score and there are many public transportation routes in the area. This is a mature neighbourhood with some redevelopment happening in the area now as some parts are becoming higher density. Kelowna’s technology hub is situated here and there is an energetic and vibrant vibe here.
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