Business For Sale · Specialty

473 Bernard Avenue Unit# C//O, Kelowna

473 Bernard Avenue Unit# C//O, Kelowna, BC V1Y6N8

$159,000 total

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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

83%

About this property

Established Okanagan Dance education/fitness business for sale. The premises offer generous, flexible studio space in a convenient location with ample parking, and good lighting for safety. An ideal location for group programming and events. Due to the sensitive nature of this sale, detailed information—including financials, exact location, and business type—will only be released after a signed NDA and a preliminary screening call with qualified buyers. Buyer representation is required. (id:66811)

Financial sandbox

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Estimate
Purchase price$159K
Down payment30% · $48K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$734

Projected NOI

$8K

Annual cash flow

$-788

Cash-on-cash

-1.65%

DSCR

0.91

Going-in cap

5.05%

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

111,346

Households

38,474

Median income

$135,500

Median age

35.4

Daytime population

101,715

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 473 Bernard Avenue Unit# C//O, 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.