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$ 2,219,000
Est. payment /mo
Price Dropped by $10K
1607 Ellis Street Kelowna, BC V1Y2A8
4,040 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,040 sqft
Price per Sqft $549
Subdivision Kelowna North
MLS® Listing ID 10325041
Originating Board Association of Interior REALTORS®
Year Built 1939
Lot Size 3,920 Sqft
Acres 3920.4
Property Description
Welcome to an exceptional opportunity in the bustling downtown district of Kelowna! This meticulously maintained building boasts a total of 4,320 square feet of leasable space, situated on a generous 4,040 square foot lot with an impressive 141 feet of prime street frontage. Featuring a diverse mix of five tenancies, this property offers a versatile layout suitable for various business endeavors. The ground floor encompasses 3,490 square feet of leasable space, while an additional 830 square feet are available on the upper level. This property has undergone recent upgrades. Notable improvements include the replacement of all three natural gas furnaces in 2022, installation of a new heat pump in November 2023, and replacement of Four AC units in 2022. Enjoy the convenience of triple net leases, covering all building expenses and ensuring a hassle-free owner experience. Among the esteemed occupants are renowned establishments located at 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, with a recent restaurant renovation in 2024 further enhancing the property's appeal. Strategically positioned on a corner lot and zoned UC1 in the urban core, this property offers excellent visibility and accessibility within Kelowna's downtown high-rise center. Whether you're an investor seeking a lucrative income stream or an entrepreneur looking to establish a thriving business, this commercial gem presents opportunity to capitalize on the vibrant Kelowna market. (id:24570)
Location
Province BC
Zoning Unknown
Interior
Heating Forced air, Heat Pump, Other, See remarks
Cooling Central air conditioning, Heat Pump
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Roof Type Unknown
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Listed by Oakwyn Realty Okanagan-Letnick Estates