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Home BC Greater Kelowna Kelowna Central City City Centre
554 Leon Avenue
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554 Leon Avenue $12,250,000
$12,250,000
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554 Leon Avenue
Kelowna, British Columbia V1Y6J6

MLS® Number: 10323842

Listing Description

Opportunity to acquire Upper Avenue, a Class A, five storey office building in Downtown Kelowna. This incredibly well positioned asset features over 30,000 sqft of rentable area with an enclosed underground parkade and rooftop patio amenity. Every unit has been renovated with modern finishes and green building technologies. The property features a base rental income of approximately $685,000 (Stabilized NOI 2025), a strong tenant mix, high visibility from Highway 97, and walkable access to numerous amenities. Favourable assumable mortgage rates make for an attractive long term hold with redevelopment potential within the 2040 OCP future land use (UC). (37717473)

Property Summary

Property Type
Office
Building Type
Offices
Neighbourhood Name
Kelowna North
Land Size
0.18 ac|under 1 acre
Built in
2014
Parking Type
See Remarks, Parkade
Time on REALTOR.ca
65 days

Price and Sale History

Date Status Price
Dec 29, 2009 Sale Closed $575,000

Building

Bathrooms
Partial
0
Building Features
Features
Bicycle parking
Present Use
Offices
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Other
Parking
Parking Type
See Remarks, Parkade
Total Parking Spaces
39

Measurements

Square Footage
31326 sqft

Land

Other Property Information
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
Jeff Brown