2418 Drought Road, West Kelowna
Live, Work and Invest In One Location. Mixed-use commercial/residential investment in downtown West Kelowna on a high-exposure corridor with excellent access, transit, amenities, and ample on-site parking. C1 zoning allows for a wide range of uses including medical, dental, legal, physio, chiropractic, childcare, education, restaurant, pub, retail, personal services, entertainment, and more, plus apartment or care facility development potential for long-term upside. Building totals approx. 2,680 sq ft with ~1,200 sq ft commercial space on the main floor and two residential suites above (~1,480 sq ft) providing diversified income. Ideal for an owner-operator to occupy the commercial unit while generating revenue from the residential units, or as a pure investment. The current owner is prepared to enter into an above market lease with the new owner offering an immediate stable income source. Residential units are both on month-to-month tenancies: Suite 1: 2 bed, 1 bath, in-suite laundry, Suite 2: 1 bed, 1 bath, in-suite laundry. Extensively updated in 2019 with PEX plumbing, upgraded electrical service, two new furnaces, and newer A/C units, providing a low-maintenance, turn-key asset. Reach out today on this strong holding property with cash flow, flexible use options, and future redevelopment potential in a rapidly growing urban market. (id:1945)
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Property details for 2418 Drought Road, West Kelowna
- Type
- Commercial
- Living Area
- 3,000 square feet
- Lot Size
- 0.14
- Heating
- Forced air, See remarks
- Cooling
- Central air conditioning
- Exterior
- Brick, Vinyl siding
- Annual Taxes
- $10,414
Nearby Listings Stat
Estimated price and comparable properties near 2418 Drought Road
Active Listings
226
Min Price
$199,900
Max Price
$9,250,000
Avg Price
$846,832
Days on Market
103
days
Sold Listings
53
Min Sold Price
$225,000
Max Sold Price
$2,300,000
Avg Sold Price
$759,071
Days until Sold
102
days
Neighbourhood Census Data
West Kelowna, British Columbia / Colombie-Britannique
Population
625
Median Age
50.6
Median Income
$28,928
Dwelling Value
$376,757
Housing Tenure
Owners 64%
Renters 36%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 1,878.0/km²
Avg Shelter Cost: $1,536/mo
Owners with Mortgage: 82.8%
Owners Spending 30%+: 30%
Tenants Spending 30%+: 37.5%
English only: 94.4%
English and French: 4.8%
Neither: 1.6%
Median Household Income: $62,592
Median Employment Income: $29,088
Price History
Listed
May 15, 2026
by Engel & Volkers South Okanagan
Current Price
$1,474,000
Type
Commercial
For Sale
