$535,000
( $553.26Per Sq Foot )
$2,872 est/mo Sourced by Back At You1350 St Paul Street Unit# 102,Kelowna, BC V1Y2E1
Kelowna, BC V1Y2E1
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:374)
Details
| MLS # | 10396878 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Strata Fees | $394 |
| Status | Active |
| Days On Site | 75 |
| Listing Provided By | Coldwell Banker Horizon Realty | Stewart Dunbar |
Features
| SQ Feet | 967 |
|---|
Interior
| Fireplace Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5912.8 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y2E1 |
| Listing VS Median (in V1Y2E1) | |
Price: $535,000 low | high Med: $479,000 sqft: 967 low | high Med: 623 $ / sqft: $553 low | high Med: $769 On site: 75 low | high Med: 349 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y2E1 |
| Listing VS Median (in V1Y2E1) | |
Price: $535,000 low | high Med: $479,000 sqft: 967 low | high Med: 623 $ / sqft: $553 low | high Med: $769 On site: 75 low | high Med: 349 | |
Nearby Listings (Within 1/10 mile)
Price: $401K - $668K
sqft: 725 - 1,000
Listing Updated: September 29, 2026 at 12:59:58 AM PDT
