1350 St Paul Street Unit# 102 Kelowna, British Columbia V1Y 2E1
$535,000Maintenance,
$394.20 Monthly
Maintenance,
$394.20 MonthlyTurnkey 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:63400)
Property Details
| MLS® Number | 10396878 |
| Property Type | Retail |
| Neigbourhood | Kelowna North |
Building
| Size Interior | 967 Sqft |
| Type | Retail |
Land
| Acreage | No |
| Size Total Text | Under 1 Acre |
https://www.realtor.ca/real-estate/30123804/1350-st-paul-street-unit-102-kelowna-kelowna-north
Stewart Dunbar
Personal Real Estate Corporation
#14 - 1470 Harvey Avenue
Kelowna, British Columbia V1Y 9K8
(250) 860-7500
(250) 868-2488
Steve Laursen
Personal Real Estate Corporation
www.stevelaursen.com/
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7
(250) 860-1100
(250) 860-0595
royallepagekelowna.com/
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August 06 2026 06:58:47
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