2418 Drought Road

Offered at: $1,598,000

MLS®: 10364441

Take advantage of this opportunity to acquire a well maintained and leased mixed use COMMERCIAL/RESIDENTIAL property with holding value and development upside. Located in central downtown West Kelowna on a high-exposure street and close to all amenities, transit and with plenty of on site parking. This building is ideal for an owner operator to utilize the C1 zoning which is suitable for a wide variety of uses including legal, medical, dental, physio, chiropractic, haircare, tattoo, child care, education, entertainment, pub, restaurant and more. The zoning also allows for apartments and care facility, major which adds to the longer term development potential as seen in the area already. Renovated in 2019 and consisting of a +/- 1200 sqft commercial space on the main and 2 apartments above spanning +/-1480 sqft, this building's diverse revenue streams make it ideal for an owner operator to utilize the commercial space, apartments or both while benefiting from additional revenue from the remainder of the building. The current owner wishes to remain in the commercial space and will enter into a fair market lease if possible. SUITE ONE: 2 Bedrooms 1 bathroom, in-suite laundry. SUITE TWO: 1 bedroom 1 bathroom, in-suite laundry. Both tenants on month to month. Updates include, two new furnaces in 2019 and two newer AC units, plumbing updated to PEX, updated electrical service for the entire building. (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 Chamberlain Property Group

$840,000

Beds
6
Baths
3

AVAILABLE

Single Family

MLS® #10365341

Located in the highly desirable Rose Valley community, this beautifully maintained 6 bed, 3 bath walk-out rancher offers space, style, and flexibility for the whole family. The open-concept main floor features a large living room with hardwood flooring and a cozy gas fireplace, perfect for gatherings. The newer kitchen boasts soft-close cabinets, sleek Dekton countertops, and flows seamlessly into the…
Available

Courtesy Of
Becky Hilbert Of Chamberlain Property Group

$825,000

Beds
4
Baths
3

AVAILABLE

Single Family

MLS® #10364025

Welcome to this beautifully updated home in the heart of Rutland, just steps from scenic Mission Creek. Situated on a generous lot, this home offers space, comfort, and versatility for today’s modern lifestyle. The open-concept kitchen and living area is perfect for entertaining, featuring a stylish kitchen renovation with concrete countertops, stainless steel appliances, and newer tile flooring. The spacious…
Available

Courtesy Of
Becky Hilbert Of Chamberlain Property Group

$669,900

Beds
4
Baths
3

AVAILABLE

Single Family

MLS® #10363808

Welcome to Bayview, a wonderful family-friendly community in West Kelowna! This beautifully maintained 4-bedroom, 3-bathroom walk-out rancher offers exceptional lake and mountain views and a bright, functional layout perfect for everyday living. The kitchen features white cabinetry, granite countertops, and opens to a spacious deck where you can soak in the stunning views. The large living room boasts hardwood floors…


Request a Showing

Have questions about this property?

Contact HILBERT&CRICK
About This Property.


Office: 778-821-0163



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 + ''; }