20
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$535,000
Est. payment /mo
967 SqFt
New
1350 St Paul ST #102 Kelowna, BC V1Y2E1
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 967
Square Footage 967 sqft
Price per Sqft $553
Subdivision Kelowna North
MLS® Listing ID 10396878
Condo Fees $394/mo
Property Description
Turnkey income investment in the heart of downtown Kelowna. This 967 SF strata unit is leased to an established hair salon on a 5-year triple net lease (commencing June 1, 2026, with a 5-year renewal option), providing immediate, stable cash flow with built-in 3% annual rent escalations. In-place income of $26,669.86/year ($27.58/SF, NNN) reflects a cap rate of approximately 5% at the list price of $535,000. Tenant has one reserved parking stall in the buildings parking garage. A low-maintenance, hands-off investment with a strong downtown location and a proven, established tenant. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by Coldwell Banker Horizon Realty