Retail for Sale — Kelowna South, Kelowna, BC
$5,896,968
2237, 2243, 2253, 2257 Richter Street, Kelowna, BC V1Y2N9
Property details
Structured details
- Ownership
- Freehold
- Annual property tax
- $15,037.79
- Lot dimensions
- 0.53
- Structure type
- Retail
- Parcel ID (PID)
- 025-627-805, 025-627-813, 010-970-681, 010-970-64
- Utilities
- Water, Sewer, Natural Gas, Electricity, Cable, Telephone
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Lot features
- Level lot
- Community features
- Family Oriented
Listing Information
- MLS®
- 10395654
- Listed
- July 23, 2026
- Time on market
- 53 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
INVESTOR AND DEVELOPER ALERT! Rare (4) four-lot MF4 land assembly totaling approx. 0.53 acres with 176.46 ft of contiguous frontage on the Richter Street transit corridor and a depth of 129.9 ft, directly serving the Kelowna General Hospital precinct. The site sits inside the inner 0–200 m band of the provincially designated KGH Transit Oriented Area — one of only four TOAs in Kelowna — where the Province and the City's OCP 2040 (Future Land Use: C-HTH, Core Area – Health District) direct the greatest height and density. MF4 zoning permits a 6-storey mid-rise with 2.5 FAR base density, plus a 0.3 FAR bonus for purpose-built rental or affordable housing, 65% site coverage, and ground-floor commercial retail — supporting residential, mixed-use, institutional, and health-related uses steps from KGH. Hold and plan with income in place: by generating rental revenue. The full-length rear lane adds servicing, access, and parking options at the design stage. Assemblies of this width, this close to the hospital hub, rarely come to market — a clean, policy-backed path to a significant mid-rise project in Kelowna's Health District. (id:63159)
Financing calculator
Estimate your monthly payment on the $5,896,968 asking price.
Financing details
- Monthly debt service
- $57,237
- Cash required at close
- $1,204,394
- 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
Cafes (1)
- Abbott St. Cafe671m
Parks (5+)
- Cameron Park · 2345 Richter Street243m
- Strathcona Beach Park712m
- Francis Avenue Beach Access747m
- Royal Avenue Beach Access748m
- Cadder Avenue Beach Access758m
Pharmacies (1)
- Remedy'sRx339m
Healthcare (1)
- Kelowna General Hospital · 2268 Pandosy Street406m
Nearby places data: © OpenStreetMap contributors.
Other commercial property types for sale in Kelowna
Looking to buy a business instead?
All in Kelowna →Frequently asked questions
What is the asking price for this business?
The asking price is $5,896,968.
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.