Main Photo: 1607 Ellis Street in Kelowna: Other for sale : MLS®# 10308655
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Status:
Active
Prop. Type:
Other
MLS® Num:
10308655
Build. Type:
Residential Commercial Mix
Welcome to an exceptional opportunity in the bustling downtown district of Kelowna! This meticulously maintained building boasts a total of 4,320 square feet of leasable space, situated on a generous 4,040 square foot lot with an impressive 141 feet of prime street frontage. Featuring a diverse mix of five tenancies, this property offers a versatile layout suitable for various business endeavors. The ground floor encompasses 3,490 square feet of leasable space, while an additional 830 square feet are available on the upper level. This property has undergone recent upgrades. Notable improvements include the replacement of all three natural gas furnaces in 2022, installation of a new heat pump in 2023, and replacement of Four AC units in 2022. Enjoy the convenience of triple net leases, covering all building expenses and ensuring a hassle-free owner experience. Among the esteemed occupants are renowned establishments located at 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, with a recent restaurant renovation in 2024 further enhancing the property's appeal. Strategically positioned on a corner lot and zoned UC1 in the urban core, this property offers excellent visibility and accessibility within Kelowna's downtown high-rise center. Whether you're an investor seeking a lucrative income stream or an entrepreneur looking to establish a thriving business, this commercial gem presents opportunity to capitalize on the vibrant Kelowna market. (id:2493)
Property Type:
Other
Size Interior:
4,040 sq. ft.
Transaction Type:
For sale
Community:
Kelowna North
Amenities:
Public Transit, Schools, Shopping
Features:
Level lot, Corner Site
Community Features:
High Traffic Area
Building Type:
Residential Commercial Mix
Half Bathrooms:
0
Age:
85 years
Cooling:
Central air conditioning, Heat Pump
Exterior Finish:
Concrete Block, Stucco, Composite Siding
Fireplace:
No
Heating:
Forced air, Heat Pump, Other, See remarks
Roof Style:
Other, Unknown
Water:
Municipal water
Sewer:
Municipal sewage system
Land Amenities:
Public Transit, Schools, Shopping
Current Use:
Mixed use
Landscape Features:
Level
Lot Frontage:
40'
Acreage:
No
Lot Size:
3,920.4 sq. ft.
Lot Size:
0.09 ac|under 1 acre
Lot Details:
0.09
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Listed by Oakwyn Realty Okanagan-Letnick Estates
Data was last updated July 22, 2024 at 08:15 PM (UTC)
Area Statistics
Listings on market:
59
Avg list price:
$2,290,000
Min list price:
$349,900
Max list price:
$22,000,000
Avg days on market:
95
Min days on market:
7
Max days on market:
243
Avg price per sq.ft.:
$652.78
These statistics are generated based on the current listing's property type and located in Kelowna. 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.