730 Bernard Avenue Kelowna, British Columbia V1Y6P5
$1,488,900
Description
Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate Income potential! 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. The potential for a solid return on investment 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 or 4-story development flexibility. (id:6770)
Overview
- Price $1,488,900
- MLS # 10366465
- Age 1950
- Stories 3
- Size 4050 sqft
- Bedrooms 10
- Bathrooms 3
- Detached Garage: 2
- Exterior Stucco
- Cooling Central Air Conditioning
- Appliances Refrigerator, Range - Electric
- Water Municipal water
- Sewer Municipal sewage system
- Flooring Laminate, Tile
- Listing Office Engel & Volkers Okanagan
- View City view
- Landscape Features Landscaped, Level
Room Information
- Basement
- Bedroom 10'2'' x 14'2''
- Family room 12'6'' x 10'6''
- Bedroom 11'8'' x 8'6''
- Laundry room 8'3'' x 11'5''
- Main level
- Primary Bedroom 16'2'' x 11'4''
- Den 11'1'' x 12'3''
- Bedroom 9'8'' x 11'8''
- Dining room 11'5'' x 12'6''
- Bedroom 10'7'' x 11'6''
- 4pc Bathroom 11'7'' x 10'1''
- Kitchen 18'10'' x 9'8''
- Second level
- 3pc Bathroom 8'4'' x 9'11''
- Bedroom 6'3'' x 12'1''
- Bedroom 12'4'' x 13'11''
- Full bathroom Measurements not available
- Bedroom 8'10'' x 7'6''