Retail for Sale — Kelowna North, Kelowna, BC
$1,950,000
1659 Water Street, Kelowna, BC V1Y8T8
Property details
Structured details
- Structure type
- Retail
- Parcel ID (PID)
- 012-356-701
Listing Information
- MLS®
- 10345949
- Listed
- May 1, 2025
- Time on market
- 501 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Brand new commercial building for sale at the Gateway to Downtown Kelowna. “The Wedge” is a single tenant, commercial building located at the corner of Water St and Leon Ave. This is an ideal opportunity for an owner-occupier to establish a presence in this growing area of downtown. Currently under construction this unique building will offer a total of +/- 4,395 SF including +/-2,448 SF of interior commercial space and +/-1,947 SF of roof top patio. Main floor space includes an inviting entry way, and a large open area opening to the 2nd floor. There is office space on the 2nd floor and a spectacular roof-top patio with outstanding views of the downtown area. Building has 2 internal staircases and elevator access including to the roof-top patio. Due to the unique location and nature of the building there is no dedicated parking available. Anticipated completion is Fall 2025. (id:63159)
Financing calculator
Estimate your monthly payment on the $1,950,000 asking price.
Financing details
- Monthly debt service
- $18,927
- Cash required at close
- $415,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Kelowna)
- Population
- 144,576(+13.5% since 2016)
- Population density
- 682.4/km²
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 25.3%
- Postsecondary below bachelor's
- 32.7%
- High school diploma
- 30.3%
- No certificate/diploma
- 11.7%
Population aged 15 and over.
Commute
- Car, truck or van
- 84.3%
- Public transit
- 4.0%
- Walked
- 6.4%
- Bicycle
- 2.7%
- Other
- 2.6%
Commute duration
- Under 15 min
- 41.2%
- 15–29 min
- 43.5%
- 30–44 min
- 9.8%
- 45–59 min
- 2.4%
- 60+ min
- 3.1%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Raudz142m
- Tamm Mexican Restaurant · 430 Harvey Avenue153m
- Micro Bar155m
- Social 242 Lounge & Grill158m
- Antico Pizza Napoletana · 347 Bernard Avenue163m
Cafes (5+)
- O-Lake Cafe & Bistro91m
- Pulp Fiction Coffee House · 1598 Pandosy Street118m
- Blenz Coffee · 297 Bernard Avenue160m
- Deville Coffee Bernard174m
- Tim Hortons · 261 Bernard Avenue191m
Grocery (2)
- Safeway · 697 Bernard Avenue514m
- GetintheLoop Grocery · 1353 Ellis Street632m
Shopping (1)
- The Core on Ellis · 1353 Ellis Street645m
Parks (5+)
- Kerry Park275m
- City Park430m
- Stuart Park452m
- Rowcliffe Park · 1850 Richter Street579m
- Lake Avenue Beach Access638m
Gyms (4)
- BarreRoom · 410 Bernard Avenue229m
- SPIN co · 410 Bernard Avenue230m
- Life Aesthetics Online Coaching · 1435 Water Street376m
- Move & Flow · 589 Lawrence Avenue437m
Pharmacies (3)
- Pharmasave274m
- Shoppers Drug Mart · 597 Bernard Avenue469m
- Pharmasave · 505 Doyle Avenue488m
Banks & ATMs (5+)
- Unnamed199m
- CIBC · 328 Bernard Avenue203m
- Unnamed203m
- BMO · 327 Bernard Avenue206m
- Unnamed215m
Nearby places data: © OpenStreetMap contributors.
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All in Kelowna →Frequently asked questions
What is the asking price for this business?
The asking price is $1,950,000.
Where is this business located?
This listing is located in Kelowna, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.