Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate 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. The potential for a solid return on investment as a currently licensed, operating 12-room, 40-bed hostel with a proven revenue history prior to 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 or 4-story development flexibility. (id:47421)
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Detailed Information
Bedrooms
10
Bathrooms
3
Lot
50 x 0 ft
Amenities Nearby
Golf Nearby, Airport
Features
Level lot
Listing Contract Date
2025-10-02
Municipal ID
004-416-317
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Single Family
Transaction Type
For sale
Views
City view
Building
Appliances
Refrigerator, Range - Electric
Basement Type
Full
Constructed Date
1950
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Stucco
Flooring Type
Laminate, Tile
# of Half Bathrooms
1
Heating Type
Forced air, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
3
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
15'1'' x 12'5''
3pc Bathroom
Second level
8'4'' x 9'11''
Bedroom
Second level
6'3'' x 12'1''
Bedroom
Second level
12'4'' x 13'11''
Full bathroom
Second level
Measurements not available
Bedroom
Second level
8'10'' x 7'6''
Bedroom
Basement
10'11'' x 11'0''
Bedroom
Basement
10'2'' x 14'2''
Family room
Basement
12'6'' x 10'6''
Bedroom
Basement
11'8'' x 8'6''
Laundry room
Basement
8'3'' x 11'5''
Living room
Main level
15'6'' x 15'3''
Primary Bedroom
Main level
16'2'' x 11'4''
Den
Main level
11'1'' x 12'3''
Bedroom
Main level
9'8'' x 11'8''
Dining room
Main level
11'5'' x 12'6''
Bedroom
Main level
10'7'' x 11'6''
4pc Bathroom
Main level
11'7'' x 10'1''
Kitchen
Main level
18'10'' x 9'8''
Parking Spaces
Name
Spaces
Detached Garage
2
Land
Total Size
0.16 acres
Access Type
Easy access
Amenities
Golf Nearby, Airport
Landscape Features
Landscaped, Level
Sewer
Municipal sewage system
Size of Irregular Land
0.16
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