$4,750,000
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:64133)
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Property Details
MLS® Number 10386324 Property Type Multi-family Neigbourhood Kelowna South AmenitiesNearBy Public Transit, Park, Recreation, Shopping CommunityFeatures High Traffic Area, Pets Not Allowed, Rentals Allowed Features Level Lot, Corner Site ParkingSpaceTotal 21 -
Building
Appliances Refrigerator, Oven Constructed Date 1965 Heating Type Hot Water, See Remarks Stories Total 3 Type Multi-family Utility Water Municipal Water Parking
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Land
Access Type Easy Access, Highway Access Acreage No Land Amenities Public Transit, Park, Recreation, Shopping Landscape Features Landscaped, Level Sewer Municipal Sewage System Size Frontage 109 Ft Size Irregular 0.35 Size Total 0.35 Ac|under 1 Acre Size Total Text 0.35 Ac|under 1 Acre -
Utilities
Cable Available Electricity Available Natural Gas Available Telephone Available Sewer Available Water Available
Mark Gidden
Realtor/Founder
Lloyd Taverner
Realtor/Senior Partner
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July 06 2026 06:19:37
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