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426-454 Bernard Avenue (Bernard Place)

Location

426-454 Bernard Avenue, Kelowna, BC

Asset Type

2-storey, retail/office building

Acquired

May 26, 2021

Site Area

0.36 acres (15,984 sq. ft.)

Net Leasable Area

19,584 sq. ft.

“Bernard Place” is comprised of a single storey commercial building with 5,450 sq. ft. of street level retail space, and a two-storey commercial building with 8,148 sq. ft. of street level retail space and 5,986 sq. ft. of office space on the second floor. The property is situated in the centre of the 400 block of iconic Bernard Avenue, in downtown Kelowna. The 400 block of Bernard is the centre of the City’s designated Residential District and there are several major redevelopment projects within a one block radius of the property. These include “The Ella” (20-storey luxury condo tower), “The Brooklyn” (25-storey condo tower), “The Bertram” (34-storey condo tower), “The Block” (16-storey “Class A” office building) and the recently announced downtown UBC campus. The property is undergoing a major refit and refurbishment which is scheduled to be complete by the end of 2021. Leasing opportunities are now available.

Highlights

  • Location, location, location!
  • Future redevelopment potential
  • Three blocks from Okanagan Lake, park, beach and marina

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