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$19 per sq ft / yr
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Asset Class
Specialty
Size
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Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
91%
Prime downtown Kelowna commercial space offering versatile retail or office opportunities in the heart of the Downtown Urban Centre. The thoughtfully configured space features multiple rooms, a bathroom, and a dedicated shower room, making it well suited for a wide range of uses including professional services, wellness, medical, office, boutique retail, or potentially a coffee shop. A rare downtown advantage, the property includes one dedicated, fenced parking stall for staff or client use. Zoned UC1 – Downtown Urban Centre, the location supports a broad range of commercial uses and offers excellent walkability, visibility, and convenient access to downtown amenities. Recent updates include a 2020 furnace, 2018 hot water tank, and PEX plumbing. The building exterior was professionally painted in October 2026. The landlord has recently opened up the interior and removed walls, creating a clean, flexible blank canvas ready to be customized for your business. An excellent opportunity to establish your business in a central downtown location with the flexibility to bring your own vision to the space. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$0
Projected NOI
$1
Annual cash flow
$-0
Cash-on-cash
-2.51%
DSCR
0.86
Going-in cap
4.79%
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
95,348
Households
38,162
Median income
$71,500
Median age
41.6
Daytime population
116,367
5-yr growth
1.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 545 Lawrence Avenue Unit# B, 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.