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1607 Ellis Street, Kelowna, British Columbia, V1Y 2A8

MLS® # 10308655
Commercial For Sale In City Centre, Kelowna, British Columbia
$2,999,000
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
1607 Ellis Street, Kelowna, BC
  • Advertising

MULTIMEDIA

ACTIVE
1607 Ellis Street, Kelowna, British Columbia, V1Y 2A8
$2,999,000

Property Information:

Welcome to an exceptional opportunity in the bustling downtown district of Kelowna! This meticulously maintained building boasts a total of 4,320 square feet of leasable space, situated on a generous 4,040 square foot lot with an impressive 141 feet of prime street frontage. Featuring a diverse mix of five tenancies, this property offers a versatile layout suitable for various business endeavors. The ground floor encompasses 3,490 square feet of leasable space, while an additional 830 square feet are available on the upper level. This property has undergone recent upgrades. Notable improvements include the replacement of all three natural gas furnaces in 2022, installation of a new heat pump in 2023, and replacement of Four AC units in 2022. Enjoy the convenience of triple net leases, covering all building expenses and ensuring a hassle-free owner experience. Among the esteemed occupants are renowned establishments located at 507, 511, 513A, 513B Lawrence Ave, and 1607 Ellis Street, with a recent restaurant renovation in 2024 further enhancing the property's appeal. Strategically positioned on a corner lot and zoned UC1 in the urban core, this property offers excellent visibility and accessibility within Kelowna's downtown high-rise center. Whether you're an investor seeking a lucrative income stream or an entrepreneur looking to establish a thriving business, this commercial gem presents opportunity to capitalize on the vibrant Kelowna market. (id:27)

Building Features:

  • Style: Mixed
  • Building Type: Residential Commercial Mix
  • Exterior Finish: Aluminum siding, Concrete Block, Stucco
  • Floor Space: 4040 Square Feet
  • Roof Material: Roof Material
  • Roof Style: Unknown
  • Heating Type: Forced air, Heat Pump, Other
  • Cooling Type: Central air conditioning, Heat Pump

Property Features:

  • Property Type: Other
  • Amenities Nearby: Public Transit, Schools, Shopping
  • Built in: 1939
  • Community Features: High Traffic Area
  • Current Use: Mixed use
  • Features: Level lot, Corner Site
  • Floor Space (approx): 4040.00 Square Feet
  • Landscape Features:
  • Lot Frontage: 40.0 Feet
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system

Courtesy of: Sage Executive Group Real Estate - Letnick Estates

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1607 Ellis Street, Kelowna, British Columbia, V1Y 2A8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

28 hot days expected in 2050

Projected Storm Risk: Relatively Low

12 storms expected in 2050

Projected Heat Risk: High

28 hot days expected in 2050

49/100

High

ClimateCheck®

Current data

This property, 1607 Ellis Street , experiences 7 hot days per year at around 33.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.9 degrees Celsius.

Projected Avg. Temperature

Past
33.1℃
2050
36.9℃

# Hot Days Per Year

Past
7
2050
28

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Relatively Low

12 storms expected in 2050

19/100

Relatively Low

ClimateCheck®

Current data

This property, 1607 Ellis Street , experiences 11 significant 2-day storms per year, with about 140.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 153.7mm of precipitation per year.

Precipitation Per Storm

Past
140.1mm
2050
153.7mm

48-Hour Storms Per Year

Past
11
2050
12

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1607 Ellis Street, Kelowna, British Columbia, V1Y 2A8

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$119,414.24

Average Number of Children

1.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.39 %

High school certificate or equivalent

30.71 %

Apprenticeship trade certificate/diploma

10.53 %

College/non-university certificate

22.02 %

University certificate (below bachelor)

1.17 %

University Degree

28.18 %

Commuter

Travel To Work

By Car

62.3 %

By Public Transit

4.26 %

By Walking

26.46 %

By Bicycle

3.11 %

By Other Methods

3.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

88.17 %

Houses

11.83 %

Own Vs. Rent

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