2418 Drought Rd - Storefront Retail/Residential FOR SALE


West Kelowna, BC V4T 1P6
$1,498,000 CAD
604-644-8828
2418 Drought Rd, West Kelowna, BC for Sale
$1,498,000 CAD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

2418 Drought Rd
West Kelowna, BC V4T 1P6


HIGHLIGHTS

  • High-visibility location within downtown West Kelowna’s vibrant Westbank Centre.
  • Flexible C1 zoning allows a diverse mix of professional, retail, and service uses.
  • Two fully self-contained residential suites on month-to-month tenancies provide additional stable income.
  • Extensive 2019 upgrades, including PEX plumbing, electrical improvements, and new HVAC systems.
  • Ample on-site parking accommodates staff, clients, and residents.
  • Positioned within a fast-growing corridor offering long-term redevelopment potential.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,498,000 CAD

PRICE/SF

$499 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

019-057-890

ASK ABOUT THIS PROPERTY

Alexander LougheedEngel & VölkersMore Info
604-644-8828

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Alexander LougheedEngel & VölkersMore Info
604-644-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.