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$ 5,600,000
Est. payment /mo
Active
1880 Pandosy Street Kelowna, BC V1Y1R4
0.35 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Kelowna South
MLS® Listing ID 10386324
Year Built 1965
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Hot Water, See remarks
Exterior
Parking Features No
Community Features High Traffic Area, Pets not Allowed, Rentals Allowed
View Y/N No
Attached Garage No
Total Parking Spaces 21
Garage No
Private Pool No
Building
Lot Description Landscaped, Level
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by REMAX Ocean Pacific (Crtny)
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