Sam and Annie Paquette - Paquette Real Estate Group Royal LePage Kelowna Paquette Realty
Questions? Call: (778) 721-0237
Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate Income! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. It delivers an immediate return as a currently licensed, operating 12-room, 40-bed hostel with a proven revenue history prior to COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. (id:6289)
| Avg. asking price | $862,658 |
| Price per sq. ft. | $595 |
| Median price | $699,000 |
| Number of homes for sale in Kelowna North | 229 |
| Number of homes for sale in Kelowna | 1977 |
| Avg. Days on Market | N/A |
Security, Sprinkler System-Fire, Smoke Detector Only,,,,,,,,,,Drywall
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