Solid location with great revenue, a business that has the potential to create a once-in-a-lifetime earning stream. This property is in a key location in the downtown business core. P2 Zoning allows for 40+ uses including; Offices, Health Services, Daycare, Private and Public Education Services, and many more. The current owner operates the building as a 12 room Hostel. The hostel is not subject to the BC Residential Tenancy Act. On 3 levels there are 12 rental rooms, two multi-stall shared bathrooms, a kitchen, a dining room, and a large common area in the basement. The upstairs Master Bedroom is large and could be converted into another dormitory-style room for more beds. Currently zoned P2 with future OPC Plan multi-family residential. Located in one of Canadas top tourist destinations. Only steps to Kelowna's thriving downtown core and minutes to Okanagan Lake beaches. (id:2493)
Data was last updated May 22, 2022 at 12:45 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$4,879,500
Min list price:
$125,000
Max list price:
$9,500,000
Avg days on market:
82
Min days on market:
34
Max days on market:
235
Avg price per sq.ft.:
$1,599.49
These statistics are generated based on the current listing's property type
and located in
Kelowna North. Average values are
derived using median calculations.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.