Solid location with great revenue, a business that has the potential to create a once-in-a-lifetime earning stream. This property is in a key location in the downtown business core. P2 Zoning allows for 40+ uses including; Offices, Health Services, Daycare, Private and Public Education Services, and many more. The current owner operates the building as a 12 room Hostel. The hostel is not subject to the BC Residential Tenancy Act. On 3 levels there are 12 rental rooms, two multi-stall shared bathrooms, a kitchen, a dining room, and a large common area in the basement. The upstairs Master Bedroom is large and could be converted into another dormitory-style room for more beds. Currently zoned P2 with future OPC Plan multi-family residential. Located in one of Canadas top tourist destinations. Only steps to Kelowna's thriving downtown core and minutes to Okanagan Lake beaches.