William Wright Commercial is pleased to present the opportunity to purchase a Class A, five storey office building in Downtown Kelowna. This incredibly well positioned asset features over 31,000 sqft of rentable area with an enclosed underground parkade, and beautiful rooftop patio amenity with views of Okanagan Lake. 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 has walkable access to numerous amenities. The existing mortgage is assumable and well below current market rates, which make for an attractive long term hold with redevelopment potential within the 2040 OCP future land use (UC).

Class A, Five Storey Office Building

• High profile downtown location
• Strong tenant mix and income stream
• Stratified building with value add opportunities
• Assumable mortgage at below market rates

Building Features

• Construction: Concrete
• Year Built: 2014
• Rentable Area: +/- 31,326 SQFT
• Tenancies: Strong tenant mix (7)
• Amenities: Rooftop patio, communal meeting room and kitchen, bike storage on every floor
• Underground Parkade: 16 stalls
• Additional Parking: 23 stalls (nearby surface lot lease)

STRATA LOT 1 & 2 DISTRICT LOT 139 OSOYOOS DIVISION YALE DISTRICT STRATA PLAN EPS4020 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM V

Immerse yourself in the vibrant pulse of Downtown Kelowna, a dynamic neighborhood experiencing a surge in density, and an array of shopping, dining, and beach access. The area boasts a diverse mix of office buildings, apartments, and residential towers, including the new UBCO downtown campus. Downtown Kelowna is a hub for indoor and outdoor events, hosting some of the region's finest restaurants that draw in tourists eager to savor the best of the Okanagan. Downtown Kelowna has a central exchange for BC Transit bus services incoming from all regions in the Central Okanagan. Newly installed bike lane framework has allowed for more pedestrian and cycling infrastructure to be brought to the downtown core resulting in increased options for daily commuting. Highway 97 allows for all types of vehicle traffic to access the downtown core and there are several main roadways that allow for multiple access points to the area.