For Lease · Specialty

1358 St Paul Street Unit# 100, Kelowna

1358 St Paul Street Unit# 100, Kelowna, BC V1Y2E1

Price on request

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

83%

About this property

Prime Downtown Kelowna Commercial Space for Lease | Office, Retail & Mixed-Use Potential. Position your business in the heart of downtown Kelowna with this versatile 1,500 SF ground-floor commercial space, complemented by a rare 508 SF private, attached two-car garage — a valuable feature seldom found in the downtown core. Featuring street-level access & excellent signage exposure, the functional layout includes 2 private offices, spacious open-concept front area, dedicated printing & equipment closet, full bathroom with shower & kitchenette. The attached garage provides exceptional flexibility for secure parking, additional storage, equipment, or potential workshop use. UC1 – Downtown Urban Centre zoning, potential for professional office, creative studio, boutique retail, salon, clinic, restaurant, café, and other specialized uses. Enjoy a highly walkable downtown location directly across from UBCO downtown campus, Interior Health, YMCA, and a variety of shops and restaurants. The Kelowna Library, Okanagan Heritage Museum, Prospera Place, waterfront, and nearby parks are all within walking distances. Ideal for businesses seeking visibility, convenience, and room to grow in one of Kelowna’s most active urban locations. Available for lease February 1, 2027. Contact the listing agent today to arrange a viewing. 24 to 48 hours notice required for showings as there is still a current tenant in the unit. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

71,862

Households

29,720

Median income

$104,500

Median age

45.6

Daytime population

68,579

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 1358 St Paul Street Unit# 100, 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.