453 Morrison Avenue, Kelowna, BC, V1Y 5E1 - commercial for sale | Listing ID 10310429

Commercial For Sale In Kelowna, British Columbia

$2,290,000

Details
Map
Demographics
Street View
Get Directions

Advertising

ACTIVE

453 Morrison Avenue, Kelowna, British Columbia, V1Y 5E1

$2,290,000

Property Information:

Situated on a large .2-acre lot, this property is currently zoned MF1B with C-NHD future zoning, opening doors to lucrative development opportunities and ensuring value appreciation over time. With potential for various business opportunities such as boarding or lodging houses, group homes, childcare, home-based businesses, care homes, senior centers, and more, the possibilities are endless. This cash flow rental property boasts an enviable location just steps away from the beach & Kelowna General Hospital. Featuring an impressive layout of 12 bedrooms & 14 bathrooms spread over 6,350 sq ft of living space, this property offers endless investment possibilities. Fully rented and Fully property managed, there are shared kitchen, laundry room, lobby, dining room, entertainment space, outdoor BBQ, manager's suite (with kitchen) etc. This investment guarantees an immediate stream of income, fueling your financial aspirations from day one. And let's not forget about the unbeatable location – nestled within Pandosy Village, you'll be surrounded by commercial retails, restaurants, parks, and the tranquil beach just a block away. This investment isn't just about immediate returns; it's about securing your future in one of Kelowna's most sought-after areas. Don't miss out on this rare opportunity to invest in both cash flow and future development potential in Kelowna's premier neighborhood. (id:27)

Building Features:

Building Type: Other
Exterior Finish: Stucco
Fire Protection: Security system
Floor Space: 6350 Square Feet
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Other
Access Type: Easy access
Amenities Nearby: Public Transit, Park, Recreation, Schools, Shopping
Built in: 1996
Community Features: Family Oriented
Features: Level lot, Private setting, Wheelchair access
Floor Space (approx): 6350.00 Square Feet
Landscape Features:
Lot Frontage: 85.0 Feet
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Attached garage
No. of Parking Spaces: 10

Courtesy of: Sage Executive Group Real Estate - Letnick Estates

More Detail

Less Detail

Market Price Trends

Location of 453 Morrison Avenue, Kelowna, British Columbia, V1Y 5E1

Lifestyle
Neighbourhood

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, 453 Morrison Avenue , experiences 7 hot days per year at around 32.9 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 36.7 degrees Celsius.

Projected Avg. Temperature

Past

32.9℃

2050

36.7℃

# Hot Days Per Year

Past

2050

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, 453 Morrison Avenue , experiences 11 significant 2-day storms per year, with about 141.7mm 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 155.3mm of precipitation per year.

Precipitation Per Storm

Past

141.7mm

2050

155.3mm

48-Hour Storms Per Year

Past

2050

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.

More Detail

Less Detail

Demographic Information of 453 Morrison Avenue, Kelowna, British Columbia, V1Y 5E1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$120,278.36

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.17 %

High school certificate or equivalent

24.31 %

Apprenticeship trade certificate/diploma

7.82 %

College/non-university certificate

24.51 %

University certificate (below bachelor)

1.54 %

University Degree

30.65 %

Commuter

Travel To Work

By Car

71.31 %

By Public Transit

1.27 %

By Walking

18.57 %

By Bicycle

5.75 %

By Other Methods

3.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.39 %

Houses

71.61 %

Own Vs. Rent

More Detail

Less Detail

Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 453 Morrison Avenue, Kelowna, British Columbia, V1Y 5E1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 453 Morrison Avenue, Kelowna, British Columbia, V1Y 5E1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

453 Morrison Avenue, Kelowna, British Columbia, V1Y 5E1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Log In

Create an account to:

Create Account

Complete Account Verification