No City Value, BC V1X 1X8,195 & 301 W Highway 33
No City Value, BC V1X 1X8,195 & 301 W Highway 33
No City Value, BC V1X 1X8,195 & 301 W Highway 33
No City Value, BC V1X 1X8,195 & 301 W Highway 33
No City Value, BC V1X 1X8,195 & 301 W Highway 33
No City Value, BC V1X 1X8,195 & 301 W Highway 33
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$ 37,500,000
Est. payment | /mo

4.93 Acres Lot


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$ 37,500,000
Est. payment | /mo
Save

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

REBGV/FVREB/Chilliwack/BC Northern (Commercial IDX)
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195 & 301 W Highway 33