2418 Drought Road

About this home

Live, Work and Invest In One Location. 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:66966)

Details

Type

Other

Size

3000 sq ft

Property tax

$10,414

Neighbourhood

Westbank Centre

Municipality

West Kelowna

Interior

Fireplace

No

Heating, cooling and services

Heating

Forced air, See remarks

Air conditioning

Central air conditioning

Water and sewer

Municipal sewage system

Building and exterior

Year built

1995

Outdoor

Brick, Vinyl siding

Parking

Total parking

9

Location

Location is approximate. See nearby homes on the map