For Sale · Specialty

1751 Harvey Avenue Unit# 110, Kelowna

1751 Harvey Avenue Unit# 110, Kelowna, BC V1Y6G4

$899,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

About this property

Exceptional opportunity to acquire a highly visible commercial strata unit in the heart of Kelowna's Landmark District. Offering approximately 1,664 sq. ft. over two levels, this versatile property benefits from UC2 zoning, allowing for a wide variety of commercial, professional, retail, and service-oriented uses. The functional layout features approximately 852 sq. ft. on the main floor with a private washroom and approximately 811 sq. ft. on the second floor, complete with water access and sink facilities. The flexible design allows full owner occupancy, occupying one floor while generating rental income from the other, or holding as a fully leased investment property. Positioned along the Highway 97 corridor, the property enjoys exceptional exposure with signage opportunities visible from both Harvey Avenue and Kirschner Road. The property includes three dedicated parking stalls, with additional street parking available nearby for customers, clients, employees, and overflow parking needs. The main floor is currently leased, providing immediate income while preserving future flexibility for an owner-user or investor. Located within one of Kelowna's premier business districts, the property is surrounded by professional offices, retail services, restaurants, hotels, and major employment centres, benefiting from the continued growth and redevelopment of the Landmark and Capri-Landmark Urban Centre area. (id:66811)

Financial sandbox

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Estimate
Purchase price$899K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$66K

Annual cash flow

$16K

Cash-on-cash

6.12%

DSCR

1.33

Going-in cap

7.38%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

42,888

Households

20,093

Median income

$108,500

Median age

32.7

Daytime population

67,263

5-yr growth

6.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1751 Harvey Avenue Unit# 110, Kelowna.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.