3036 Pandosy Street, Kelowna, BC - Corner Redevelopment Site with Holding Income

Corner Redevelopment Site with Holding Income

3036 Pandosy Street, Kelowna, BC, V1Y 1W2

Price:
$6,600,000

Property Description

HM Commercial Group is pleased to present 3036 Pandosy Street. This is one of Kelowna’s absolute best redevelopment sites with holding income from a National Tenant.

  • Corner location, 1 block from Lake Okanagan.
  • 0.456 acres (19,863 sq.ft.)
  • C4 Commercial Zoning (FAR up to 2.35)
  • South Pandosy, the Village by the Lake is arguably the best neighbourhood in the City
  • City supports high-density development
  • Adjacent to Sopa Square (14 storey mixed use development)
  • 95 Bike Score
  • Easy Walking distance to:
    o Lake Okanagan, several waterfront parks & sandy beaches
    o Three (3) grocery store anchored shopping centres
    o Okanagan College
    o Elementary, Middle & Highschools
    o Transit to Downtown, UBC-Okanagan, Okanagan College
    o Kelowna General Hospital
  • Currently tenanted by RBC (Royal Bank of Canada)
  • 3.3% yield on Base income of $215,215

Price: $6,600,000 ($141/buildable SF on FAR of 2.35)

All photos are conceptually based.

3036 Pandosy Street, Kelowna, BC, Canada

Additional Information

Municipal Address 3036 Pandosy Street, Kelowna, BC, V1Y 1W2
Legal Description Lot A Plan KAP28111 District Lot 14 Land District 41 Except Plan KAP59343
PID 004-630-483
Location Details 3036 Pandosy street is situated on a high profile site at the corner of Pandosy Street and KLO Road/Cedar Avenue at a light controlled intersection. It is well positioned in Pandosy Village amongst a host of other retailers, and is walking distance to 3 grocery stores, multiple restaurants and pubs, and professional services.
Development Site Area 0.456 acres (19,863 sq.ft.)
Building Area 6,149 SF
Land Area 0.456 acres (19,863 sq.ft.)
Zoning C4, Urban Centre Commercial
Future Land Use
(OCP)
MXR, Mixed-Use (Residential/Commercial)
Taxes $33,941.09 (2020)

Listing Agents

Jeff Hudson PREC - Principal / Co-Founder at HM Commercial Group

Jeff Hudson

Marshall McAnerney PREC - Principal / Co-Founder at HM Commercial Group

Marshall McAnerney

Request More Info

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