1350 St Paul Street Unit# 102, Kelowna
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:1945)
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Property details for 1350 St Paul Street Unit# 102, Kelowna
- Type
- Commercial
- Living Area
- 967 square feet
- Annual Taxes
- $5,913
- Condo Fee
- $394 / Monthly
Nearby Listings Stat
Estimated price and comparable properties near 1350 St Paul Street Unit# 102
Active Listings
527
Min Price
$69,900
Max Price
$9,900,000
Avg Price
$973,701
Days on Market
109
days
Sold Listings
120
Min Sold Price
$100,000
Max Sold Price
$4,750,000
Avg Sold Price
$897,854
Days until Sold
125
days
Neighbourhood Census Data
Kelowna, British Columbia / Colombie-Britannique
Population
1,056
Median Age
56.2
Median Income
$30,032
Dwelling Value
$298,475
Housing Tenure
Owners 42%
Renters 59%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.5
Pop. Density: 2,026.9/km²
Avg Shelter Cost: $1,143/mo
Owners with Mortgage: 50.9%
Owners Spending 30%+: 19.6%
Tenants Spending 30%+: 49.4%
English only: 92.2%
English and French: 7.8%
Median Household Income: $47,936
Median Employment Income: $31,168
Price History
Listed
August 6, 2026
by Coldwell Banker Horizon Realty
Current Price
$535,000
Type
Commercial
For Sale
