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1607 Ellis Street Kelowna, British Columbia V1Y 2A8

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

$2,999,000

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:52811)

Property Details

MLS® Number 10308655
Property Type Other
Neigbourhood Kelowna North
Amenities Near By Public Transit, Schools, Shopping
Community Features High Traffic Area
Features Level Lot, Corner Site

Building

Constructed Date 1939
Cooling Type Central Air Conditioning, Heat Pump
Exterior Finish Concrete Block, Stucco, Composite Siding
Heating Type Forced Air, Heat Pump, Other, See Remarks
Roof Material Other
Roof Style Unknown
Size Interior 4040 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Current Use Mixed Use
Land Amenities Public Transit, Schools, Shopping
Landscape Features Level
Sewer Municipal Sewage System
Size Frontage 40 Ft
Size Irregular 0.09
Size Total 0.09 Ac|under 1 Acre
Size Total Text 0.09 Ac|under 1 Acre
Zoning Type Unknown

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