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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%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 1358 St Paul Street Unit# 100, Kelowna.
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.