Outdoor RV & Boat Storage, West Kelowna, BC

This turnkey, improved outdoor storage and rental facility in a supply constrained West Kelowna market is producing $420K NOI today with aclear path to $700K+.

A recent $4M reinvestment, growing occupancy, and expansion potential make this a premium cash-flowing asset with long-term land value security, including licensed City property. The site features extensive grading, fencing, and paved access.

Zoned A1 with a site-specific amendment allowing commercial and outdoor storage, it provides reliable income today and strong future development potential.

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This 4.44-acre property is located about 0.5 km west of the Westbank commercial core, at the boundary of the Westbank Centre and Lower Glenrosa neighbourhoods. The site sits on a west-sloping bank leading into Glen Canyon Regional Park and backs onto Agricultural Land Reserve (ALR) properties, with surrounding land uses primarily rural residential.

The property has ±619 feet of frontage along Lower Glenrosa Road and a depth of about ±542 feet. Originally steep and uneven, it has been extensively regraded, filled, and levelled to accommodate its use as a secure outdoor storage facility. In 2024, further work added a large retaining wall and grading to create an additional 0.7-acre area for the new residence and expanded storage.

Services include overhead hydro, natural gas, and telecommunications. The residence is supported by a well and septic system, while the storage yard features a sani-dump station.

An additional 1.52 acres of adjacent City-owned land is occupied under a License of Occupation (since 2018), improved with fencing, landscaping, and yard access. While not included in the fee simple land area, this section is considered in the income valuation of the property.