Acreage
$9,995,000
Prime Outdoor Storage Facility with Residence – 2670 Lower Glenrosa Road, West Kelowna. This property is a premier income-producing asset located in one of the most supply-constrained markets in the Okanagan — outdoor storage. The offering includes a 5.92-acre property (4.44 acres fee simple plus 1.52 acres licensed from the City of West Kelowna) with extensive recent improvements exceeding $4 million. Priced at $9,995,000 against an estimated market value of $11.89 million, the property presents an immediate equity upside of roughly 16%, making it a compelling investment for both passive investors and owner-operators. The property’s zoning—A1 Agricultural with site-specific approval for commercial/outdoor storage—is highly unique and difficult to replicate under today’s planning constraints, enhancing its long-term strategic value. The storage facility is fully developed, gated, and paved, encompassing 256 stalls for RVs, boats, trailers, and commercial vehicles. The design emphasizes low-maintenance, recurring income with amenities such as a wash bay, sani-dump, LED lighting, security cameras, fencing with privacy slats, and landscaping. A modern 2,280-square-foot caretaker’s residence featuring a two-bedroom main suite, a one-bedroom secondary suite, and a 440-square-foot garage complements the asset, providing either staff accommodation or additional rental potential. (id:41053)
Property Details
|
MLS® Number
|
10367250 |
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Property Type
|
Industrial |
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Neigbourhood
|
Westbank Centre |
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Features
|
Irregular Lot Size |
Building
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
Yes |
|
Current Use
|
Industrial |
|
Sewer
|
See Remarks |
|
Size Irregular
|
4.4 |
|
Size Total
|
4.4 Ac|1 - 5 Acres |
|
Size Total Text
|
4.4 Ac|1 - 5 Acres |
Utilities
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Electricity
|
Available |
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Natural Gas
|
Available |
|
Telephone
|
Available |
|
Water
|
Available |
https://www.realtor.ca/real-estate/29063014/2670-lower-glenrosa-road-west-kelowna-westbank-centre