2418 Drought Road West Kelowna, British Columbia V4T 1P6
$1,498,000
Mixed-use commercial/residential investment in downtown West Kelowna on a high-exposure corridor with excellent access, transit, amenities, and ample on-site parking. C1 zoning allows for a wide range of uses including medical, dental, legal, physio, chiropractic, childcare, education, restaurant, pub, retail, personal services, entertainment, and more, plus apartment or care facility development potential for long-term upside. Building totals approx. 2,680 sq ft with ~1,200 sq ft commercial space on the main floor and two residential suites above (~1,480 sq ft) providing diversified income. Ideal for an owner-operator to occupy the commercial unit while generating revenue from the residential units, or as a pure investment. The current owner is willing to lease back the commercial space at fair market rent, offering immediate stable income. Residential units Both on month-to-month tenancies: Suite 1: 2 bed, 1 bath, in-suite laundry, Suite 2: 1 bed, 1 bath, in-suite laundry. Extensively updated in 2019 with PEX plumbing, upgraded electrical service, two new furnaces, and newer A/C units, providing a low-maintenance, turn-key asset. Strong holding property with cash flow, flexible use options, and future redevelopment potential in a rapidly growing urban market. (id:41053)
Property Details
| MLS® Number | 10364441 |
| Property Type | Other |
| Neigbourhood | Westbank Centre |
| Amenities Near By | Public Transit, Park, Recreation, Schools, Shopping |
| Features | Level Lot |
| Parking Space Total | 9 |
Building
| Constructed Date | 1995 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Heating Type | Forced Air, See Remarks |
| Roof Material | Other |
| Roof Style | Unknown |
| Size Interior | 3,000 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Access Type | Easy Access |
| Acreage | No |
| Current Use | Mixed Use |
| Land Amenities | Public Transit, Park, Recreation, Schools, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Frontage | 51 Ft |
| Size Irregular | 0.14 |
| Size Total | 0.14 Ac|under 1 Acre |
| Size Total Text | 0.14 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/28967208/2418-drought-road-west-kelowna-westbank-centre
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April 24 2026 07:22:47
Association of Interior REALTORS®
Engel & Volkers South Okanagan, Engel & Volkers Vancouver (Branch), Engel & Volkers Vancouver
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