86,003 ft²Retail$37,500,000Sale
86,003 ft²
Retail
$37,500,000
Sale
Praveen Bajaj
Century21 Coastal Realty Ltd
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The Space
Asking Price$37,500,000
Available Space86,003 ft²
Floor1
Net Operating Income$2,076,028.08
Property UseInvestment property / Retail
ZoningUC4
Frontage825'0"
Year Built1970
Parking Ratio3.5/1000sf
Parking Spaces298
SourceDirect
The Building - Plaza 33
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.
Property TypeRetail
Floors1
Building Size85,430 ft²
Lot Size214,750 ft²
ZoningUC4
Frontage825'0"
Dock Doors1
Year Built1970
Parking Ratio3.5/1000sf
Parking Spaces298
Up to $500K for British Columbia businesses
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