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Kelowna 9,583-square-foot retail site sells $100,000 over list

The free-standing downtown site on 0.22 acres with two rental units also sold for nearly $440,000 above its appraised value, at $1.4 million
Re/Max Kelowna - MCL Real Estate Group, Kelowna, B.C., for Western Investor
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Re/Max Kelowna - MCL Real Estate Group, Kelowna, B.C., for Western Investor

Property type: Retail

Location: 203-207 Rutland Road North, Kelowna B.C.

Property size: 3,420 square feet

Number of units: 2

Land size: 9.583 square feet

Size of land in acres: 0.22 acres

Zoning: C4 – Urban centre commercial

BC Assessment value: $961,000

List price: $1.3 million

Sale price: $1.4 million

Date of sale: August 30, 2022

Brokerage: Re/Max Kelowna - MCL Real Estate Group, Kelowna, B.C.

Broker: Kris McLaughlin.