Opportunity for an income producing single storey building in Downtown Kelowna with redevelopment potential. Secure cash flow with upside potential (holding income pending redevelopment). Established long term tenants with below market rents. Unbeatable location on City’s busiest street, Bernard Avenue, just steps away from the Bernard Block development (17 Storey office tower with 125,000 SF of leasable area and a 34-storey residential tower with 257 condo units), the UBCO Downtown Campus (over 110,000 SF of institutional uses and 473 university-affiliated rental housing) and Lake Okanagan. Downtown Kelowna is home to more than 74 restaurants, 6 childcare facilities, 12 fitness centres and 17 cafes. UC1 Downtown zoning - To designate and preserve land for developments of the financial, retail and entertainment, governmental, cultural and civic core of the downtown while also encouraging high density mixed-use buildings. Zoning support for up to 26 storeys with opportunity to buy additional 14 via streetscape bonussing. Base FAR of 7.2 with Max FAR of 9.0 through bonussing.