“The Wedge” Single Tenant, Commercial Building 1659 Water Street

Kelowna , BC V1Y 8T8

Kelowna , BC, V1Y 8T8, CA
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FOR SALE
Property Type:
Restaurant
Amount:
$1,950,000
Cap Rate:
0.00%
Last Verified:
Jun 17, 2025

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Brand new commercial building for sale at the Gateway to Downtown Kelowna. “The Wedge” is a single tenant, commercial building located at the corner of Water St and Leon Ave. This is an ideal opportunity for an owner-occupier to establish a presence in this growing area of downtown. Currently under construction this unique building will offer a total of +/- 4,395 SF including +/-2,448 SF of interior commercial space and +/-1,947 SF of roof top patio. Main floor space includes an inviting entry way, and a large open area opening to the 2nd floor. There is office space on the 2nd floor and a spectacular roof-top patio with outstanding views of the downtown area. Building has 2 internal staircases and elevator access including to the roof-top patio. Due to the unique location and nature of the building there is no dedicated parking available. Anticipated completion is Fall 2025.

Map of Kelowna , BC, V1Y 8T8, CA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.