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1880 Pandosy Street, Kelowna, British Columbia, V1Y 1R4

MLS® # 10386324
Investment For Sale In City Centre, Kelowna, British Columbia
$5,600,000
1880 Pandosy Street, Kelowna, BC - Outdoor With Facade
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1880 Pandosy Street, Kelowna, British Columbia, V1Y 1R4
$5,600,000

Property Information:

Prime central Kelowna multifamily investment opportunity, desirable location on the fringe of downtown within easy walking distance of Lake Okanagan beaches, downtown services, restaurants, shopping, transit, professional offices, parks, and the cultural district. This well-maintained 1965-vintage, three-storey walk-up apartment building offers 21 total suites, comprising 15 - 1 bdrm units, 5 - 2 bdrm units, and a single studio suite, providing a balanced and highly rentable suite mix in one of Kelowna's most desirable urban locations. The property is fully occupied and offers investors stable income with the added strength of a proven central rental location where tenant demand remains consistently strong. The building has benefited from numerous updates and ongoing maintenance over time, including upgraded natural gas boilers and renovated apartment suites, while retaining the durable fundamentals investors seek in a walkable, centrally located rental asset. Tenant amenities include main-floor laundry room, secure bike storage, and rear surface parking stalls accessible from the lane, adding practical convenience for residents in a location where walkability and lifestyle are key demand drivers. With its established income profile, central Pandosy Street address, proximity to downtown Kelowna and Lake Okanagan, plus attractive suite mix, this is a compelling opportunity for investors seeking a stable multifamily holding with long-term rental appeal in the Central Okanagan. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type:
  • Appliances: Refrigerator, Oven

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Easy access, Highway access
  • Amenities Nearby: Public Transit, Park, Recreation, Shopping
  • Built in: 1965
  • Community Features: High Traffic Area, Pets not Allowed, Rentals Allowed
  • Features: Level lot, Corner Site
  • Irregular: Yes
  • Landscape Features: Landscaped
  • Lot Frontage: 109 Feet
  • Lot Size: 0.35 Acres
  • Utility Type: Water - Available, Hydro - Available, Telephone - Available, Cable - Available, Natural Gas - Available, Sewer - Available
  • Sewer: Municipal sewage system
  • Parking Type: Rear
  • No. of Parking Spaces: 21

Courtesy of: REMAX Ocean Pacific (Crtny)

REALTOR.ca  

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Market Price Trends

Single family detached

-6.18%

Price change (1 year)

33.32%

Price change (5 years)

All Properties

-7.48%

Price change (1 year)

27.25%

Price change (5 years)

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

Location of 1880 Pandosy Street, Kelowna, British Columbia, V1Y 1R4

Demographic Information of 1880 Pandosy Street, Kelowna, British Columbia, V1Y 1R4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$86,992.09

Average Number of Children

1.46

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.39 %

High school certificate or equivalent

32.01 %

Apprenticeship trade certificate/diploma

7.07 %

College/non-university certificate

22.28 %

University certificate (below bachelor)

2.09 %

University Degree

27.16 %

Commuter

Travel To Work

By Car

62.5 %

By Public Transit

9.4 %

By Walking

20.6 %

By Bicycle

5.83 %

By Other Methods

1.67 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

88.75 %

Houses

11.25 %

Own Vs. Rent

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