2418 Drought Road

Offered at: $1,498,000

MLS®: 10364441

Mixed-use commercial/residential investment in downtown West Kelowna on a high-exposure corridor with excellent access, transit, amenities, and ample on-site parking. C1 zoning allows for a wide range of uses including medical, dental, legal, physio, chiropractic, childcare, education, restaurant, pub, retail, personal services, entertainment, and more, plus apartment or care facility development potential for long-term upside. Building totals approx. 2,680 sq ft with ~1,200 sq ft commercial space on the main floor and two residential suites above (~1,480 sq ft) providing diversified income. Ideal for an owner-operator to occupy the commercial unit while generating revenue from the residential units, or as a pure investment. The current owner is willing to lease back the commercial space at fair market rent, offering immediate stable income. Residential units Both on month-to-month tenancies: Suite 1: 2 bed, 1 bath, in-suite laundry, Suite 2: 1 bed, 1 bath, in-suite laundry. Extensively updated in 2019 with PEX plumbing, upgraded electrical service, two new furnaces, and newer A/C units, providing a low-maintenance, turn-key asset. Strong holding property with cash flow, flexible use options, and future redevelopment potential in a rapidly growing urban market. (id:6769)

Quick Stats

Key Home Data

0
BATH(S)
BED(S)
3000
SQFT
YES
SHOWING AVAILABLE
Property Type:
Other
Home Ownership:
Freehold

Payment Calculator

Calculate your monthly mortgage payment.

Mortgage Amount
$
Amortization
years
Payment Freq.
Interest Rate
%
Calculating...

All About the Details

See specific details below.

Neighbourhood Statistics

Get to know your neighbourhood.

Similar Properties

Other properties you might like.

Available

Courtesy Of
Becky Hilbert Of Real Broker B.C. Ltd

$550,000

Beds
2
Baths
1

AVAILABLE

Single Family

MLS® #10378858

Welcome to one of North Kelowna’s best kept secrets, Eleven70 Brant! This exclusive 18-unit townhouse development, is minutes from downtown, but tucked away on a hill offering you ultimate privacy, and city views. This 2 bed & den + 1 bath home is the perfect alternative to condo living. From the moment you walk in you will fall in love,…
Available

Courtesy Of
Becky Hilbert Of Real Broker B.C. Ltd

$785,000

Beds
2
Baths
2

AVAILABLE

Single Family

MLS® #10377976

Welcome to the prestigious Quail Ridge community, where this beautifully updated home offers stylish living with peaceful golf course views. Immaculately maintained and thoughtfully upgraded, this home shows exceptionally well. The bright main level features a spacious kitchen and dining area perfectly positioned to capture picturesque fairway views. Designed for both everyday living and entertaining, the stunning kitchen offers a…
Available

Courtesy Of
Becky Hilbert Of Real Broker B.C. Ltd

$1,450,000

Beds
8
Baths
4

AVAILABLE

Single Family

MLS® #10371087

Welcome to this fantastic investment opportunity in the heart of Rutland. This well-maintained fourplex offers strong rental appeal with four fully updated units, each thoughtfully designed for modern living. Every unit features two spacious bedrooms, a full bathroom, and the convenience of in-suite laundry, including hot water on demand—highly desirable features for today’s tenants. The interiors have been updated to…


Request a Showing

Have questions about this property?

Contact HILBERT&CRICK
About This Property.


Office: 1 (888) 828-8447



Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe.   Privacy PolicyTerms of Service
window.onload = function() { let myiFrame = document.getElementById("widgetCta"); let doc = myiFrame.contentDocument; doc.body.innerHTML = doc.body.innerHTML + ''; }