730 Bernard Avenue Kelowna, British Columbia V1Y 6P5

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4,000 ft²

Window Air Conditioner Forced Air, See Remarks Landscaped, Level

$1,488,900

Fantastic Downtown Investment: Prime P2 Zoned Property with Immediate Income! 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. It delivers an immediate return as a currently licensed, operating 12-room, 40-bed hostel with a proven revenue history prior to 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. (id:64133)

Property Details

MLS® Number	10364717
Property Type	Other
Neigbourhood	Kelowna North
AmenitiesNearBy	Golf Nearby, Airport
Features	Level Lot
ParkingSpaceTotal	8

Building

Constructed Date	1950
Cooling Type	Window Air Conditioner
Exterior Finish	Stucco
Fire Protection	Security, Sprinkler System-fire, Smoke Detector Only
Heating Type	Forced Air, See Remarks
Roof Material	Asphalt Shingle
Roof Style	Unknown
Size Interior	4,000 Ft²
Type	Residential Commercial Mix
Utility Water	Municipal Water

Parking

Detached Garage

Land

Access Type	Easy Access
Acreage	No
Current Use	Mixed Use
Land Amenities	Golf Nearby, Airport
Landscape Features	Landscaped, Level
Sewer	Municipal Sewage System
Size Frontage	50 Ft
Size Irregular	0.16
Size Total	0.16 Ac\|under 1 Acre
Size Total Text	0.16 Ac\|under 1 Acre

Aerial

Mark Gidden
Realtor/Founder

Lloyd Taverner
Realtor/Senior Partner

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Last Updated
November 12 2025 07:32:17

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Association of Interior REALTORS®

Listing Office
Engel & Volkers Okanagan

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TESTIMONIALS

Our Valued Clients

Ashley Harvey

Mark and his team helped us find our forever home, and we are so grateful for his experience and expertise. Mark was so patient while our infant cried while we hunted for the perfect house. We will use Mark and his team for years to come.
Jen Platman

Lloyd was the best realtor we’ve ever worked with. He understands people and takes the time to listen. He was extremely helpful and made the process stress-free and seamless. Lloyd goes above and beyond for his clients and it shows. He truly enjoys what he does, he’s honest and makes you feel at ease. Our new home is our castle and Lloyd did everything to help us get there. This guy is real gem!
Tom S

Mark helped us look for, negotiate, and purchase our family home. He was diligent, extremely professional and has an unsurpassed knowledge of the Kelowna and wider Okanagan areas. His name is mentioned anytime we have a friend looking to buy or sell their home. Many thanks Mark.