2418 Drought Road

Key facts

• Property type: Other
• Structure: Residential Commercial Mix
• Transaction: For Sale
• Price: class="container" id="details-container",474,000
• Interior size: 3,000 sqft
• Lot size: 0.14
• Year built: 1995
• Parking: 9
• Listing key: 29757863

Listing overview

Live, Work and Invest In One Location. Mixed-use commercial/residential investment in downtown West Kelowna on a high-exposure corridor with excellent access, transit, amenities, and ample on-site parking. C1 zoning allows for a wide range of uses including medical, dental, legal, physio, chiropractic, childcare, education, restaurant, pub, retail, personal services, entertainment, and more, plus apartment or care facility development potential for long-term upside. Building totals approx. 2,680 sq ft with ~1,200 sq ft commercial space on the main floor and two residential suites above (~1,480 sq ft) providing diversified income. Ideal for an owner-operator to occupy the commercial unit while generating revenue from the residential units, or as a pure investment. The current owner is prepared to enter into an above market lease with the new owner offering an immediate stable income sourc...