Fantastic Downtown Investment: Prime P2 Zoned Property, solid Income potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel with a proven revenue history before COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. Currently, a 4-story apartment complex is easy to build. (id:47421)
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Detailed Information
Lot
50 x 0 ft
Amenities Nearby
Golf Nearby, Airport
Features
Level lot
Listing Contract Date
2025-10-02
Municipal ID
004-416-317
# of Parking Spaces
8
Property Type
Other
Transaction Type
For sale
Building
Constructed Date
1950
Cooling Type
Window air conditioner
Exterior Finish
Stucco
Fire Protection
Security, Sprinkler System-Fire, Smoke Detector Only
Heating Type
Forced air, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Type
Residential Commercial Mix
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
8
Land
Total Size
0.16 acres
Access Type
Easy access
Amenities
Golf Nearby, Airport
Current Use
Mixed use
Landscape Features
Landscaped, Level
Sewer
Municipal sewage system
Size of Irregular Land
0.16
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