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Owner-occupier pays $3.2 million for Kelowna commercial asset

Sale price averages $454 per square foot
1561-sutherland-avenue-kelowna
An expansion-minded investor paid $3.2 million for 1561 Sutherland Ave., Kelowna, on Dec. 12, 2024.

DEAL | A centrally located, mixed-use office-retail building at 1561 Sutherland Ave., Kelowna, sold Dec. 12, 2024, for just over $3.2 million. Built in 2006, this two-story, wood-frame building offers 7,132 square feet on 0.2 acres. Adjacent to the Landmark district, with ample parking and access to transit, this property offers an excellent long-term investment. The property was listed with Meghan Cortese, Royal LePage Kelowna, and Nick Renton of William Wright Commercial represented the buyer, who will be both an owner-occupier and enjoy long-term income from the existing tenants.

PRICE | $3,235,000 

FROM | Nick Renton, William Wright Commercial