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Renanza Realty
For sale

1350 St Paul Street Unit# 102

Kelowna, British Columbia

MLS® 10396878

$535,000

Status
Active
Property type
Retail
MLS® number
10396878
Bedrooms
—
Bathrooms
—
Year built
—
PhotosSchedule/EmailSend Listing

Listing description

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.

Property summary

MLS® number
10396878
Property type
Retail
Building type
Retail
Square footage
967 sq ft
Annual property taxes
$5,912.80
Days on market
20 days

Features & details

Strata fee
$394.2 / Monthly

What would this home cost you?

Based on the $535,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,489 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Coldwell Banker Horizon Realty, Kelowna.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.