Business for Sale — Kelowna North, Kelowna, BC
$1,348,800
730 Bernard Avenue, Kelowna, BC V1Y6P5
Property details
Structured details
- Annual property tax
- $10,906.2
- Lot dimensions
- 0.16
- Structure type
- Other
- Parcel ID (PID)
- 004-416-317
- Parking
- 6 spaces
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Lot features
- Level lot
Listing Information
- MLS®
- 10385536
- Listed
- August 10, 2026
- Time on market
- 35 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Fantastic Downtown Investment: Prime P2 Zoned Property, Income Potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property is ripe with oppurtunity. Currently undergoing an update to the lower suites, main-floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel with a proven revenue history. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. GST is applicable (id:63159)
Financing calculator
Estimate your monthly payment on the $1,348,800 asking price.
Financing details
- Monthly debt service
- $13,092
- Cash required at close
- $294,760
- 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+)
- Kinton Ramen271m
- Naked Cafe · 571 Lawrence Avenue272m
- Soban Korean Bistro · 530 Bernard Avenue354m
- Dosa Crepe Café · 523 Bernard Avenue368m
- Bohemian Cafe & Catering Co. · 524 Bernard Avenue372m
Cafes (5+)
- Twice The Dice · 575 Bernard Avenue227m
- The Nook Cafe + Bar · 567 Bernard Avenue243m
- Mad Mango Café · 551 Bernard Avenue299m
- Blend Bites Kelowna308m
- Starbucks366m
Grocery (3)
- Safeway · 697 Bernard Avenue156m
- GetintheLoop Grocery · 1353 Ellis Street561m
- Nester's Market · 1111 Lawson Avenue793m
Shopping (1)
- The Core on Ellis · 1353 Ellis Street565m
Parks (5+)
- Knowles Heritage Park307m
- Martin Park519m
- Rowcliffe Park · 1850 Richter Street565m
- Stuart Park740m
- Kerry Park798m
Gyms (4)
- Move & Flow · 589 Lawrence Avenue239m
- SPIN co · 410 Bernard Avenue508m
- BarreRoom · 410 Bernard Avenue510m
- Life Aesthetics Online Coaching · 1435 Water Street614m
Pharmacies (3)
- Shoppers Drug Mart · 597 Bernard Avenue192m
- Pharmasave · 505 Doyle Avenue474m
- Pharmasave536m
Banks & ATMs (5+)
- Beem Credit Union · 598 Bernard Avenue207m
- Canadian Western Bank318m
- First West Credit Union · 507 Bernard Avenue408m
- TD · 1633 Ellis Street440m
- Scotiabank · 488 Bernard Avenue443m
Nearby places data: © OpenStreetMap contributors.
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Frequently asked questions
What is the asking price for this business?
The asking price is $1,348,800.
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.