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$2,999,000

1607 Ellis Street

Downtown Kelowna
Kelowna

Beds Baths
4,040 square feet
MLS® 10308655

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$2,999,000

1607 Ellis Street

Downtown Kelowna
Kelowna

Beds Baths
4,040 Sq. Ft.
MLS® 10308655

Welcome to an exceptional opportunity in the bustling downtown district of Kelowna! This meticulously maintained building boasts a total of 4,320 square feet of leasable space, situated on a generous 4,040 square foot lot with an impressive 141 feet of prime street frontage. Featuring a diverse mix of five tenancies, this property offers a versatile layout suitable for various business endeavors. The ground floor encompasses 3,490 square feet of leasable space, while an additional 830 square feet are available on the upper level. This property has undergone recent upgrades. Notable improvements include the replacement of all three natural gas furnaces in 2022, installation of a new heat pump in 2023, and replacement of Four AC units in 2022. Enjoy the convenience of triple net leases, covering all building expenses and ensuring a hassle-free owner experience. Among the esteemed occupants are renowned establishments located at 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, with a recent restaurant renovation in 2024 further enhancing the property's appeal. Strategically positioned on a corner lot and zoned UC1 in the urban core, this property offers excellent visibility and accessibility within Kelowna's downtown high-rise center. Whether you're an investor seeking a lucrative income stream or an entrepreneur looking to establish a thriving business, this commercial gem presents opportunity to capitalize on the vibrant Kelowna market. (id:21321)

Full Address:
1607 Ellis Street, Kelowna, British Columbia
Price:
$ 2,999,000
MLS Number:
10308655
List Date:
April 2nd, 2024
Neighbourhood:
Kelowna North
Lot Size:
0.09 ac
Year Built:
1939
Taxes:
$ 17,987

Property Specifications

Air Conditioning:
Central air conditioning, Heat Pump
Heating:
Heat Pump, Forced air, See remarks, Other

Interior Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Other, Unknown
Zoning:
Unknown
Exterior:
Stucco, Composite Siding, Concrete Block
Taxes:
$ 17,987

Building Features

Finished Area:
4040 sq.ft.

Floors

Lot Size:
0.09 ac
Current Use:
Mixed use

Land

Amenities Nearby:
High Traffic Area

Neighbourhood Features

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