2418 Drought Road

3,000 sqft

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:67517)

• Property Details

  MLS® Number	10387141
  Property Type	Other
  Neigbourhood	Westbank Centre
  AmenitiesNearBy	Public Transit, Park, Recreation, Schools, Shopping
  Features	Level Lot
  ParkingSpaceTotal	9

• Building

  ConstructedDate	1995
  CoolingType	Central Air Conditioning
  ExteriorFinish	Brick, Vinyl Siding
  HeatingType	Forced Air, See Remarks
  RoofMaterial	Other
  RoofStyle	Unknown
  SizeInterior	3,000 Sqft
  Type	Residential Commercial Mix
  UtilityWater	Municipal Water

• Land

  AccessType	Easy Access
  Acreage	No
  CurrentUse	Mixed Use
  LandAmenities	Public Transit, Park, Recreation, Schools, Shopping
  LandscapeFeatures	Level
  Sewer	Municipal Sewage System
  SizeFrontage	51 Ft
  SizeIrregular	0.14
  SizeTotal	0.14 Ac|under 1 Acre
  SizeTotalText	0.14 Ac|under 1 Acre

• Rooms
• Utilities