730 Bernard Avenue Kelowna, British Columbia V1Y 6P5
$1,488,900
Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate Income! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. It delivers an immediate return as a currently licensed, operating 12-room, 40-bed hostel with a proven revenue history prior to COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. (id:63476)
Property Details
| MLS® Number | 10364717 |
| Property Type | Other |
| Neigbourhood | Kelowna North |
| Amenities Near By | Golf Nearby, Airport |
| Features | Level Lot |
| Parking Space Total | 8 |
Building
| Constructed Date | 1950 |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Stucco |
| Fire Protection | Security, Sprinkler System-fire, Smoke Detector Only |
| Heating Type | Forced Air, See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Size Interior | 4,000 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Detached Garage | 8 |
Land
| Access Type | Easy Access |
| Acreage | No |
| Current Use | Mixed Use |
| Land Amenities | Golf Nearby, Airport |
| Landscape Features | Landscaped, Level |
| Sewer | Municipal Sewage System |
| Size Frontage | 50 Ft |
| Size Irregular | 0.16 |
| Size Total | 0.16 Ac|under 1 Acre |
| Size Total Text | 0.16 Ac|under 1 Acre |
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November 12 2025 07:32:17
Association of Interior REALTORS®
Engel & Volkers Okanagan