2418 Drought Rd

For Sale New 2 Days
$1,598,000
beds
baths
3,000 Sqft

2418 Drought Rd

For Sale New 2 Days
$1,598,000
beds
baths
3,000 Sqft

Highlights

Key insights

Description

Take advantage of this opportunity to acquire a well maintained and leased mixed use COMMERCIAL/RESIDENTIAL property with holding value and development upside. Located in central downtown West Kelowna on a high-exposure street and close to all amenities, transit and with plenty of on site parking. This building is ideal for an owner operator to utilize the C1 zoning which is suitable for a wide variety of uses including legal, medical, dental, physio, chiropractic, haircare, tattoo, child care, education, entertainment, pub, restaurant and more. The zoning also allows for apartments and care facility, major which adds to the longer term development potential as seen in the area already. Renovated in 2019 and consisting of a +/- 1200 sqft commercial space on the main and 2 apartments above spanning +/-1480 sqft, this building's diverse revenue streams make it ideal for an owner operator to utilize the commercial space, apartments or both while benefiting from additional revenue from the remainder of the building. The current owner wishes to remain in the commercial space and will enter into a fair market lease if possible. SUITE ONE: 2 Bedrooms 1 bathroom, in-suite laundry. SUITE TWO: 1 bedroom 1 bathroom, in-suite laundry. Both tenants on month to month. Updates include, two new furnaces in 2019 and two newer AC units, plumbing updated to PEX, updated electrical service for the entire building. (id:63267)

Jonathan Wall of Engel & Volkers South Okanagan,
#10364441
updated 2 days ago.
Houseful checked MLS® for data 2 days ago.

Home overview

Amenities / Utilities
  • Cooling
    Central air conditioning
  • Heat type
    Forced air, see remarks
  • Sewer/ septic
    Municipal sewage system
Exterior
  • Roof
    Unknown
  • # parking spaces
    9
Location
  • Subdivision
    Westbank centre
  • Zoning description
    Unknown
  • Directions
    2139970
Lot/ Land Details
  • Lot desc
    Level
  • Lot dimensions
    0.14
Overview
  • Lot size (acres)
    0.14
  • Building size
    3000
  • Listing #
    10364441
  • Property sub type
    Other
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28967208/2418-drought-road-west-kelowna-westbank-centre
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-4,261

/ Month
25 Years fixed, 20% down payment, % interest
$
$
$
%
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