Turnkey 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:44056)

Property Details

Full Address:
1350 St Paul Street Unit# 102, Kelowna, British Columbia
Price:
$ 535,000
MLS Number:
10396878
List Date:
August 6th, 2026
Taxes:
$ 5,913

Interior Features

Building Features

Taxes:
$ 5,913
Stata Fees:
$ 394
Stata Fee Frequency:
Monthly

Floors

Finished Area:
967 sq.ft.

Land

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Stewart Dunbar Personal Real Estate Corporation Coldwell Banker Horizon Realty
250-718-8775
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Listing Agent(s)

Lead Agent: Stewart Dunbar
Office: Coldwell Banker Horizon Realty
Originating Board: Association of Interior REALTORS®
Co-Listing: Steve Laursen
Royal LePage Kelowna

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