Retail for Sale — Kelowna South, Kelowna, BC
$4,520,000
2265, 2277 Richter Street, Kelowna, BC V1Y2N9
Property details
Structured details
- Annual property tax
- $10,188.46
- Lot dimensions
- 0.36
- Structure type
- Retail
- Parcel ID (PID)
- 010-870-270, 003-293-254
- 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®
- 10397498
- Listed
- August 12, 2026
- Time on market
- 33 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
INVESTOR AND DEVELOPER ALERT! Rare two-lot MF4 land assembly totaling approx. 0.36 acres with 120.76 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 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. Approx. 39,205 sq ft buildable at base density, up to 43,910 sq ft with the rental bonus. Hold and plan with income in place: two existing homes totalling approx. 4,731 sq ft generate rental revenue through design and approvals. The full rear lane adds servicing, access, and parking options at the design stage. Conceptual design and brochure available — a clean, policy-backed path to a mid-rise project in Kelowna's Health District. (id:63159)
Financing calculator
Estimate your monthly payment on the $4,520,000 asking price.
Financing details
- Monthly debt service
- $43,872
- Cash required at close
- $929,000
- 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
Cafes (1)
- Abbott St. Cafe673m
Parks (5+)
- Cameron Park · 2345 Richter Street197m
- Strathcona Beach Park710m
- Francis Avenue Beach Access720m
- Royal Avenue Beach Access755m
- Osprey Park762m
Pharmacies (1)
- Remedy'sRx342m
Healthcare (1)
- Kelowna General Hospital · 2268 Pandosy Street410m
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 $4,520,000.
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 15, 2026.