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$9,995,000
Est. payment /mo
4.4 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Westbank Centre
MLS® Listing ID 10367250
Lot Size 4.400 Acres
Acres 4.4
Source Association of Interior REALTORS®
Property Description
Prime Outdoor Storage Facility with Residence – 2670 Lower Glenrosa Road, West Kelowna. This property is a premier income-producing asset located in one of the most supply-constrained markets in the Okanagan — outdoor storage. The offering includes a 5.92-acre property (4.44 acres fee simple plus 1.52 acres licensed from the City of West Kelowna) with extensive recent improvements exceeding $4 million. Priced at $9,995,000 against an estimated market value of $11.89 million, the property presents an immediate equity upside of roughly 16%, making it a compelling investment for both passive investors and owner-operators. The property's zoning—A1 Agricultural with site-specific approval for commercial/outdoor storage—is highly unique and difficult to replicate under today's planning constraints, enhancing its long-term strategic value. The storage facility is fully developed, gated, and paved, encompassing 256 stalls for RVs, boats, trailers, and commercial vehicles. The design emphasizes low-maintenance, recurring income with amenities such as a wash bay, sani-dump, LED lighting, security cameras, fencing with privacy slats, and landscaping. A modern 2,280-square-foot caretaker's residence featuring a two-bedroom main suite, a one-bedroom secondary suite, and a 440-square-foot garage complements the asset, providing either staff accommodation or additional rental potential. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
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