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525 - 527 Lawrence Avenue, Kelowna, British Columbia, V1Y 6C2

MLS® # 10361812
Commercial For Sale In City Centre, Kelowna, British Columbia
$1,390,000

None Beds

525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
527 main front Entrance - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main Utility - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main back entrancr - 525 - 527 Lawrence Avenue, Kelowna, BC
Main back room - 525 - 527 Lawrence Avenue, Kelowna, BC
Main back Entrance - 525 - 527 Lawrence Avenue, Kelowna, BC
525 Upper Hallway - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper front room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper front room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper front room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper 2nd room/office - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper 2nd room/office - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper hall - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper hall - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper shared half bath #1 - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper shared half bath #2 - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back area entrance - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back office area - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back office area - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back storage off office area - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back open waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back 2nd office - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back hall to back exit - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper hall - 525 - 527 Lawrence Avenue, Kelowna, BC
lane - 525 - 527 Lawrence Avenue, Kelowna, BC
view off laneway to TD parking lot - 525 - 527 Lawrence Avenue, Kelowna, BC
dedicated parking 3-6 vehicles - 525 - 527 Lawrence Avenue, Kelowna, BC
dedicated parking 3-6 vehicles - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
White roof - 525 - 527 Lawrence Avenue, Kelowna, BC
Centre narrow building White roof - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
Yellow House (former Restaurant) across road - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
Virtual Tour
525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
527 main front Entrance - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main Utility - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main - 525 - 527 Lawrence Avenue, Kelowna, BC
Main back entrancr - 525 - 527 Lawrence Avenue, Kelowna, BC
Main back room - 525 - 527 Lawrence Avenue, Kelowna, BC
Main back Entrance - 525 - 527 Lawrence Avenue, Kelowna, BC
525 Upper Hallway - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper front room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper front room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper front room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper 2nd room/office - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper 2nd room/office - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper hall - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper hall - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper shared half bath #1 - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper shared half bath #2 - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back area entrance - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back office area - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back office area - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back storage off office area - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back open waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back 2nd office - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back retail open to waiting room - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper back hall to back exit - 525 - 527 Lawrence Avenue, Kelowna, BC
Upper hall - 525 - 527 Lawrence Avenue, Kelowna, BC
lane - 525 - 527 Lawrence Avenue, Kelowna, BC
view off laneway to TD parking lot - 525 - 527 Lawrence Avenue, Kelowna, BC
dedicated parking 3-6 vehicles - 525 - 527 Lawrence Avenue, Kelowna, BC
dedicated parking 3-6 vehicles - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
White roof - 525 - 527 Lawrence Avenue, Kelowna, BC
Centre narrow building White roof - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
Yellow House (former Restaurant) across road - 525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
525 - 527 Lawrence Avenue, Kelowna, BC
  • Advertising
525 - 527 Lawrence Avenue, Kelowna, British Columbia, V1Y 6C2
$1,390,000

Property Information:

High visibility PRIME DOWNTOWN INVESTMENT or OWNER-USER OPPORTUNITY 4,745 sq. ft. of versatile commercial space over 2 equal levels in Kelowna's sought-after vibrant Downtown Core. UC1 zoning accommodates a broad range of commercial uses (professional offices, retail & service businesses, health or wellness operations, main floor restaurant & multi-tenant leasing for investment income) plus potential future high-rise development. The property sits on a 3,595 sq. ft. lot with dedicated laneway parking & ample on-street parking. The location offers strategic advantages: high pedestrian & vehicle traffic counts; walking distance to the waterfront, cultural district, shops, dining, beaches & parks; highly sought-after dedicated parking; & central access to transit & major routes. The balanced floorplates (2,372sf per level) add flexibility for multiple tenancies or reconfiguration while keeping ownership & management under one simple title. Separate entrances up & down. Main level has an open floor plan. The upper level is a separate civic address (525 Lawrence) but on the same legal title. Once used as offices & a separate tattoo studio, it has dedicated front & rear entrances. The prime location, dedicated parking, lane access, mixed-use zoning & dual addresses are an ideal non-stratified opportunity to add value & establish a presence in the thriving downtown core of Canada’s fastest-growing city. Call to view -- Bring and build your ideas! (id:27)

Building Features:

  • Style: Mixed
  • Building Type: Residential Commercial Mix
  • Exterior Finish: Brick, Wood siding
  • Floor Space: 4745 sqft
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Other
  • Access Type: Easy access, Highway access
  • Amenities Nearby: Public Transit, Park, Recreation, Shopping
  • Built in: 1968
  • Community Features: High Traffic Area
  • Current Use: Mixed use
  • Features: Level lot
  • Fence Type: Not fenced
  • Floor Space (approx): 4745 Square Feet
  • Landscape Features:
  • Sewer: Municipal sewage system
  • Parking Type: Street, Rear
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX Kelowna

REALTOR.ca  

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Market Price Trends

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Location of 525 - 527 Lawrence Avenue, Kelowna, British Columbia, V1Y 6C2

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: Moderate

28 hot days expected in 2050

Projected Precipitation Risk: Low

12 storms expected in 2050

Projected Heat Risk: Moderate

28 hot days expected in 2050

49/100

Moderate

ClimateCheck®

Current data

This property, 525 - 527 Lawrence Avenue , 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 Precipitation Risk: Low

12 storms expected in 2050

19/100

Low

ClimateCheck®

Current data

This property, 525 - 527 Lawrence Avenue , 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 525 - 527 Lawrence Avenue, Kelowna, British Columbia, V1Y 6C2

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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