Skip to content

Downtown Kelowna office building sold with strong tenants, strong potential

Fully tenanted property has redevelopment potential
1456-st-paul-street-kelowna
A two-storey office building at 1456 St. Paul St., Kelowna, sold May 16 for just over $3.5 million.

DEAL | Unison HM Commercial Realty sold a well-maintained two-storey office building at 1456 St. Paul St. in the heart of downtown Kelowna for just over $3.5 million on May 16. The 10,562-square-foot building sits on a 0.16-acre lot with nearly 50 feet of prime street frontage. With five units and triple-net leases in place, the property offers stable cashflow and enjoys long-term redevelopment potential under UC1 (downtown urban centre) zoning, with bonus density allowing for up to 26 storeys.

PRICE | $3,525,000

FROM | Lindsey Termul and Chad Termul, Unison HM Commercial Realty