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591 Bernard Av 8,206 SF Retail Condo Unit Offered at $3,995,000 CAD in Kelowna, BC V1Y 6N9
Investment Highlights
- Close proximity to the new Bernard Block development and UBC-Okanagan’s new Downtown Campus
- UC1 Zoning allows up to 26 storeys (7.2 FAR) + 14 bonus storeys making this a great long-term hold
- Close proximity to UBCO Downtown Campus, major financial institutions, and luxury residential projects
- Downtown Kelowna is home to more than 74 restaurants, 6 childcare facilities, 12 fitness centres and 17 cafes
- Less than a 5-minute walk to Lake Okanagan, the new Marina, and Bernard Block development
Executive Summary
The property at 528-534 Bernard Avenue is located in Downtown Kelowna on a 0.21-acre site. It is improved with an 8,206-square-foot single-storey commercial building and currently accommodates multiple tenants. The zoning designation is UC1 Downtown Urban Centre, which permits substantial mixed-use redevelopment density, including up to 26 storeys plus bonus provisions. The site has rear garage access and is situated within walking distance of Lake Okanagan, Bernard Block, and the upcoming UBC Okanagan downtown campus.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | APN/Parcel ID | 002-790-459 |
| Sale Type | Owner User |
| APN/Parcel ID | 002-790-459 |
Sale Notes
This income-producing property offers an exceptional investment opportunity in the heart of Downtown Kelowna’s thriving commercial district. Located along Bernard Avenue, the city’s primary retail corridor, the property provides secure cash flow and excellent development potential under the UC1 Downtown Urban Centre zoning.
Situated just steps from Lake Okanagan, the Bernard Block master development, and the upcoming UBCO Downtown Campus, this location benefits from high pedestrian traffic and robust demand drivers. The site features a generous 0.21-acre lot with an 8,206 SF building and rear garage access, making it functional for current operations and future growth.
Situated just steps from Lake Okanagan, the Bernard Block master development, and the upcoming UBCO Downtown Campus, this location benefits from high pedestrian traffic and robust demand drivers. The site features a generous 0.21-acre lot with an 8,206 SF building and rear garage access, making it functional for current operations and future growth.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 528 | 8,206 SF | Retail | $3,995,000 CAD ($486.84 CAD/SF) | - |
Unit 528
| Unit Size |
| 8,206 SF |
| Condo Use |
| Retail |
| Price |
| $3,995,000 CAD ($486.84 CAD/SF) |
| NOI |
| - |
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Unit 528
| Unit Size | 8,206 SF |
| Condo Use | Retail |
| Price | $3,995,000 CAD ($486.84 CAD/SF) |
| NOI | - |
| Sale Type | Owner User |
| APN/Parcel ID | 002-790-459 |
| Sale Notes | |
| This income-producing property offers an exceptional investment opportunity in the heart of Downtown Kelowna’s thriving commercial district. Located along Bernard Avenue, the city’s primary retail corridor, the property provides secure cash flow and excellent development potential under the UC1 Downtown Urban Centre zoning. <br> <br> Situated just steps from Lake Okanagan, the Bernard Block master development, and the upcoming UBCO Downtown Campus, this location benefits from high pedestrian traffic and robust demand drivers. The site features a generous 0.21-acre lot with an 8,206 SF building and rear garage access, making it functional for current operations and future growth.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 14,776 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 7,388 SF |
| Property Subtype | Storefront | Year Built | 2000 |
| Building Class | B | Lot Size | 0.20 AC |
| Zoning | UC1 - Urban Center | ||
| Total Building Size | 14,776 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 7,388 SF |
| Year Built | 2000 |
| Lot Size | 0.20 AC |
| Zoning | UC1 - Urban Center |
Amenities
- Air Conditioning
Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
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591 Bernard Av
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