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$ 37,500,000
Est. payment | /mo
4.93 Acres Lot
$ 37,500,000
Est. payment | /mo
4.93 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset or Share
MLS Listing ID C8069520
Year Built 1970
Lot Size 4.930 Acres
Property Sub-Type Retail
Property Description
Plaza 33, a well-established, income-producing shopping centre strategically located along Highway 33 in Kelowna, BC. This highly visible and accessible property serves as a key commercial hub for Rutland. Over 85% of the leasable area is occupied by AAA national and regional tenants, including Save-on-Foods, Shoppers Drug Mart, TD Bank, RBC, Pizza Hut, Hub Insurance, Dynacare Valley Medical Lab and the Okanagan Regional Library. This exceptional tenant mix ensures stable, diversified income and minimal vacancy risk. In addition to its strong cash flow, Plaza 33 offers significant long-term upside. The City of Kelowna's OCP 2040 supports the development of a twelve-storey building on the site, providing excellent potential for future redevelopment and capital appreciation.
Location
Province BC
Community Fvreb Out Of Town
Area Fvreb Out Of Town
Zoning UC4
Interior
Heating Rooftop, HVAC System
Cooling Air Conditioning, HVAC System
Exterior
Utilities Available Curb/Gutter, Electricity Connected, Fully Serviced, Garbage Collection, Natural Gas Connected, Phone Connected, Street Lighting
Street Surface Paved
Total Parking Spaces 298
Building
Story 1
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water Public
Others
Restrictions See Remarks
Ownership Freehold
GALLERY
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