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678 Bernard Av 17,624 SF Office Building Kelowna, BC V1Y 6P3 $10,995,000 CAD ($623.87 CAD/SF) 5.30% Cap Rate
Investment Highlights
- Corner location with exceptional visibility at one of Downtown Kelowna’s busiest intersections
- Steps from major retail, restaurants, and professional services in Downtown Kelowna
- Building features include elevator service, large flexible office spaces, and on-site parking
- Less than a 10-minute walk to Lake Okanagan and new marina sites
Executive Summary
Located in the thriving core of Downtown Kelowna, 678 Bernard Avenue presents an exceptional opportunity to acquire a fully vacant, turnkey office building with significant redevelopment potential. This three-story, 20,421 SF property spans 0.397 acres and occupies a high-profile corner location at one of the city’s busiest signalized intersections. The site offers excellent exposure and signage potential, making it a rare find for both investors and owner-users.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
17,624 SF
Building Class
B
Year Built
1990
Price
$10,995,000 CAD
Price Per SF
$623.87 CAD
Cap Rate
5.30%
NOI
$582,735 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
8,812 SF
Building FAR
1.04
Lot Size
0.39 AC
Zoning
UC1 - Downtown Urban Center
Parking
9 Spaces (0.51 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
50/100
Very bikeable
80/100
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678 Bernard Av
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