1880 Pandosy St 21 Unit Apartment Building $5,600,000 CAD ($266,667 CAD/Unit) Kelowna, BC V1Y 1R4

This multifamily investment property offers 21 fully leased residential suites in a sought-after location on Pandosy Street, just steps from downtown Kelowna and Lake Okanagan. The three-level, walk-up style building delivers a mix of one-bedroom, two-bedroom, and studio units, appealing to a diverse tenant base. Residents enjoy easy access to an array of restaurants, cultural attractions, professional services, and recreational amenities within walking distance.
The building has been carefully maintained over time, featuring upgraded natural gas boilers, modernized suites, and essential updates to ensure operational reliability. On-site conveniences include a common laundry area, secured bicycle storage, and rear surface parking accessible via the lane. Comprehensive utility connections, including municipal water and sewer, add to the ease of management.
With its established occupancy, proven rental history, and strong urban location in Kelowna South, this property presents a steady income stream and long-term appreciation potential. Its proximity to major transit routes, parks, and high-demand lifestyle amenities reinforces enduring demand from renters, making it a compelling acquisition for multiresidential investors seeking quality in one of the Okanagan’s most dynamic markets.