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478 Bernard Avenue

Location

478 Bernard Avenue, Kelowna, BC

Asset Type

3-storey office building with ground floor retail

Acquired

November 2020

Site Area

0.28 acres (11,984 sq. ft.)

Net Leasable Area

25,424 sq. ft.

“478 Bernard Avenue” is situated on a high profile site at the corner of Bernard and Ellis on downtown Kelowna’s iconic Bernard Avenue. This 3-storey “Class B” office building (an older building in a prime location) was custom-built for the Bank of Nova Scotia in 1974 and Scotiabank remains the anchor tenant to this day. 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.

Highlights

  • Location, location, location!
  • Tenants include Scotiabank and the Government of BC
  • Future redevelopment potential
  • Three blocks from Okanagan Lake, park, beach and marina

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