858 Ellis Street & 399 Bay Avenue, Kelowna, BC - Downtown Kelowna Industrial Property with Redevelopment Potential

Downtown Kelowna Industrial Property with Redevelopment Potential

858 Ellis Street & 399 Bay Avenue, Kelowna, BC, V1Y 7J7

Price:
$20,000,000

Property Description

This approximate 4 acre corner site is 1 block east of Lake Okanagan, just north of the Downtown Core, and 2 blocks from Knox Mountain one of the most popular hiking & mountain biking areas in the City.

The City of Kelowna is still considering the future of this entire neighborhood as an emerging and dynamic area. There is a strong potential for the north end to be part of a master planned waterfront community.

  • 3.95 acre site (172,062 SF)
  • 89,000 sf building could be re-tenanted for holding income
  • Current zoning is I-4 Industrial, 3.0 FAR (Max. buildable area of 516,186 SF)
  • Corner location just north of Downtown, 1 block east of Okanagan Lake, at the doorstep of Knox Mountain (Kelowna’s Grouse Grind)
  • 20-28’ ceiling heights through most of the facility
  • Close proximity to the Okanagan Rail Trail/Recreation corridor (a major tourism attraction)
  • All offers will be reviewed & considered after 12 Noon, April 21, 2021

View a video on the opportunity here.

858 Ellis Street, Kelowna, BC, Canada

Additional Information

Municipal Address 858 Ellis Street & 399 Bay Avenue, Kelowna, BC, V1Y 7J7
Legal Description Lot B &C Plan KAP27467 District Lot 9 Land District 41
PID 004-831-942 & 004-831-969
Location Details 858 Ellis Street and 399 Bay Avenue are strategically situated just one block east of Okanagan Lake, in Kelowna’s burgeoning North End district. The properties are in close proximity to the Downtown Business District, Knox Mountain, and are just minutes from a wide array of shopping, restaurants, and professional services.
Building Area 89,000 SF
Land Area 3.95 acres
Zoning I4, Central Industrial
Future Land Use
(OCP)
Industrial
Taxes $57,310 (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

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.