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2418 Drought Rd 3,000 SF 100% Leased Retail Building West Kelowna, BC V4T 1P6 $1,498,000 CAD ($499.33 CAD/SF)
Investment Highlights
- High-visibility location within downtown West Kelowna’s vibrant Westbank Centre.
- Two fully self-contained residential suites on month-to-month tenancies provide additional stable income.
- Ample on-site parking accommodates staff, clients, and residents.
- Flexible C1 zoning allows a diverse mix of professional, retail, and service uses.
- Extensive 2019 upgrades, including PEX plumbing, electrical improvements, and new HVAC systems.
- Positioned within a fast-growing corridor offering long-term redevelopment potential.
Executive Summary
This well-positioned mixed-use property offers a compelling investment opportunity in the heart of downtown West Kelowna. Located along a high-exposure corridor with seamless access to major routes, public transit, and essential amenities, the property serves as an income-generating asset with strong long-term growth potential. Zoned C1, it supports a broad variety of commercial uses—medical, legal, personal services, retail, food and beverage, and more—while providing flexibility for apartment or care facility redevelopment in a rapidly expanding market.
The building spans approximately 2,680 sq. ft., featuring a main-level commercial suite and two updated residential units above, each equipped with in-suite laundry. Significant capital upgrades in 2019 include modernized plumbing, electrical system enhancement, two new furnaces, and newer A/C units, ensuring a low-maintenance profile. The owner’s willingness to lease back the commercial space at fair market rent creates an attractive stabilized income structure from day one. An owner-operator could benefit by occupying the commercial unit while securing residential rental revenue, or an investor could hold for cash flow and future redevelopment upside.
The building spans approximately 2,680 sq. ft., featuring a main-level commercial suite and two updated residential units above, each equipped with in-suite laundry. Significant capital upgrades in 2019 include modernized plumbing, electrical system enhancement, two new furnaces, and newer A/C units, ensuring a low-maintenance profile. The owner’s willingness to lease back the commercial space at fair market rent creates an attractive stabilized income structure from day one. An owner-operator could benefit by occupying the commercial unit while securing residential rental revenue, or an investor could hold for cash flow and future redevelopment upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1995
Price
$1,498,000 CAD
Price Per SF
$499.33 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.14 AC
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 4
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2418 Drought Rd
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