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1465 Ellis St 1,763 SF of Retail Space Available in Kelowna, BC V1Y 2A3
Highlights
- Approximately 100 meters of frontage with elevated views over Lake Okanagan
- Continued neighborhood growth and investment activity in surrounding areas
- 5.84-acre non-ALR property with versatile development potential
- Located five minutes from downtown Peachland and near scenic hiking trails
- Low Density Residential OCP designation permits up to 10 units when serviced
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 100 | 1,763 SF | Negotiable | $18.00 CAD/SF/YR $1.50 CAD/SF/MO $31,734 CAD/YR $2,645 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 100
1,763 SF of high traffic retail/office space on Ellis Street in Downtown Kelowna. High profile location in Downtown Kelowna at the gateway to Kelowna’s Cultural District, near the signalized intersection with the Queensway Transit Exchange. The unit features an open floor plan, large, oversized street facing windows, and extensive use of portlights. Features a lobby entrance in addition to a secure entrance through the courtyard of the building. Shared common area washrooms. Unit comes with one dedicated parking stall. High profile signage opportunities with high visibility to both vehicle and pedestrian traffic on Ellis Street, and the Queensway Transit Exchange.
- Lease rate does not include utilities, property expenses or building services
- Central Air and Heating
- Open Floor Plan
- Large, oversized street facing windows
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,763 SF | Gross Leasable Area | 15,000 SF |
| Property Type | Retail | Year Built | 1987 |
| Total Space Available | 1,763 SF |
| Property Type | Retail |
| Gross Leasable Area | 15,000 SF |
| Year Built | 1987 |
About the Property
The property at 4674 Minto Street in Peachland, BC consists of 5.84 acres of land currently zoned RR1 (Rural Residential) with a future land use designation of Low Density Residential. It includes an existing single-family home built in 1951 and a steel-frame shop constructed in 2018. The site has approximately 100 meters of frontage overlooking Lake Okanagan and is accessible via a 50-foot wide easement to Minto Street, with additional access from Ehlers Road. The property is located within five minutes of downtown Peachland and 20 minutes from West Kelowna, near local hiking trails.
Nearby Major Retailers
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1465 Ellis St
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