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730 Bernard Avenue
Kelowna British Columbia V1Y6P5 Canada

$1,488,900

Active Listing ID 10364717
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4,000 square feet
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Other

$1,488,900

Active Listing ID 10364717
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730 Bernard Avenue Fantastic Downtown Investment: Prime P2 Zoned Property, solid Income potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is a developer's dream. Currently undergoing an update for the lower suites, main floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel with a proven revenue history before COVID-19. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. Currently, a 4-story apartment complex is easy to build. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Other
  • Features
  • Cooling System: Window air conditioner
  • Exterior Finish: Stucco
  • Roof Type: Asphalt shingle, Unknown
  • Heating Systems: Forced air, See remarks
  • Additional Features
  • Basement
Listing Changed: 5/5/2026 6:30:14 PM GMT
Source Updated Date: 5/14/2026 9:05:27 PM GMT

Courtesy of: Michal Gook, Personal Real Estate Corp, Engel & Volkers Okanagan