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1607 Ellis Street Kelowna, British Columbia V1Y 2A8

4040 sqft
Central Air Conditioning, Heat Pump Forced Air, Heat Pump, Other, See Remarks Level

$2,699,000

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:25164)

Property Details

MLS® Number 10308655
Property Type Other
Neigbourhood Kelowna North
AmenitiesNearBy Public Transit, Schools, Shopping
CommunityFeatures High Traffic Area
Features Level Lot, Corner Site

Building

ConstructedDate 1939
CoolingType Central Air Conditioning, Heat Pump
ExteriorFinish Concrete Block, Stucco, Composite Siding
HeatingType Forced Air, Heat Pump, Other, See Remarks
RoofMaterial Other
RoofStyle Unknown
SizeInterior 4040 Sqft
Type Residential Commercial Mix
UtilityWater Municipal Water

Land

Acreage No
CurrentUse Mixed Use
LandAmenities Public Transit, Schools, Shopping
LandscapeFeatures Level
Sewer Municipal Sewage System
SizeFrontage 40 Ft
SizeIrregular 0.09
SizeTotal 0.09 Ac|under 1 Acre
SizeTotalText 0.09 Ac|under 1 Acre
ZoningType Unknown

https://www.realtor.ca/real-estate/26692465/1607-ellis-street-kelowna-kelowna-north


Oakwyn Realty Okanagan-Letnick Estates
#108 - 1980 Cooper Road
Kelowna, British Columbia V1Y 8K5

(250) 861-5122

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