Single Family Home $ 1,474,000

2418 Drought Road

West Kelowna, BC V4T1P6

  • 3,000 SqFt
  • 6,098 Lot Size
  • 1995 Year Built
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 service, two new furnaces, and newer A/C units, providing a low-maintenance, turn-key asset. Reach out today on this strong holding property with cash flow, flexible use options, and future redevelopment potential in a rapidly growing urban market. (id:24570)
Listed by Engel & Volkers South Okanagan

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PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Listing Status Active

    Purchase Type For Sale

    Approx. Sqft 3000

    Square Footage 3, 000 sqft

    Price per Sqft $491

    Subdivision Westbank Centre

    MLS Listing ID 10387141

    Year Built 1995

    Lot Size 6,098 Sqft

    Acres 0.14

  • Location

    Province BC

  • Rooms

    Kitchen 0.0

  • Building

    Lot Description Level

    Sewer Municipal sewage system

  • Interior

    Heating Forced air, See remarks

    Cooling Central air conditioning

  • Exterior

    Parking Features No

    View Y/N No

    Roof Type Unknown

    Attached Garage No

    Total Parking Spaces 9

    Garage No

    Private Pool No

  • Others

    Virtual Tour https://unbranded.youriguide.com/qdxm8_2418_drought_rd_west_kelowna_bc/

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