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1350 St Paul Street Unit# 102
Kelowna British Columbia V1Y2E1 Canada

$535,000

Active Listing ID 10396878
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967 square feet
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Retail

$535,000

Active Listing ID 10396878
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1350 St Paul Street Unit# 102 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:203)

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Property Features

  • Facts
  • Property Sub-type: Retail
  • Additional Features
  • Basement
Listing Changed: 8/6/2026 7:05:22 PM GMT
Source Updated Date: 8/12/2026 4:22:09 AM GMT

Courtesy of: Stewart Dunbar, Personal Real Estate Corp, Coldwell Banker Horizon Realty