Prime Outdoor Storage Facility with Residence – 2670 Lower Glenrosa Road, West Kelowna. This property is a premier income-producing asset located in one of the most supply-constrained markets in the Okanagan — outdoor storage. The offering includes a 5.92-acre property (4.44 acres fee simple plus 1.52 acres licensed from the City of West Kelowna) with extensive recent improvements exceeding $4 million. Priced at $9,995,000 against an estimated market value of $11.89 million, the property presents an immediate equity upside of roughly 16%, making it a compelling investment for both passive investors and owner-operators. The property’s zoning—A1 Agricultural with site-specific approval for commercial/outdoor storage—is highly unique and difficult to replicate under today’s planning constraints, enhancing its long-term strategic value. The storage facility is fully developed, gated, and paved, encompassing 256 stalls for RVs, boats, trailers, and commercial vehicles. The design emphasizes low-maintenance, recurring income with amenities such as a wash bay, sani-dump, LED lighting, security cameras, fencing with privacy slats, and landscaping. A modern 2,280-square-foot caretaker’s residence featuring a two-bedroom main suite, a one-bedroom secondary suite, and a 440-square-foot garage complements the asset, providing either staff accommodation or additional rental potential. (id:44393)
| MLS® Number | 10367250 |
| Property Type | Industrial |
| Neigbourhood | Westbank Centre |
| Features | Irregular Lot Size |
| Type | Other |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Current Use | Industrial |
| Sewer | See Remarks |
| Size Irregular | 4.4 |
| Size Total | 4.4 Ac|1 - 5 Acres |
| Size Total Text | 4.4 Ac|1 - 5 Acres |
| Zoning Type | Unknown |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
| Water | Available |
https://www.realtor.ca/real-estate/29063014/2670-lower-glenrosa-road-west-kelowna-westbank-centre
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