554 Leon Avenue
Kelowna
Update on 2023-07-04 10:05:04 AM
$12,250,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
2014
YEAR BUILT
Opportunity to acquire Upper Avenue, a Class A, five storey office building in Downtown Kelowna. This incredibly well positioned asset features over 30,000 sqft of rentable area with an enclosed underground parkade and rooftop patio amenity. Every unit has been renovated with modern finishes and green building technologies. The property features a base rental income of approximately $685,000 (Stabilized NOI 2025), a strong tenant mix, high visibility from Highway 97, and walkable access to numerous amenities. Favourable assumable mortgage rates make for an attractive long term hold with redevelopment potential within the 2040 OCP future land use (UC).
COMMUNITY | KN - Kelowna North |
TYPE | Residential |
STYLE | |
YEAR BUILT | 2014 |
SQUARE FOOTAGE |
BEDROOMS | |
BATHROOMS | |
BASEMENT | |
FEATURES |
GARAGE | |
PARKING | |
ROOF | |
LOT SQFT | 0 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | ||
Second Bedroom | ||
Third Bedroom | ||
Dining Room | ||
Family Room | ||
Kitchen | ||
Living Room |
INTERIOR
EXTERIOR
Broker
William Wright Commercial
Agent