$1,188,888
2024 Wilkinson Street
Beds
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Baths
—
Sqft
—
Year
—
Type
Other
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
This property offers an exceptional opportunity to establish a licensed daycare facility under Urban Centre (UC2) zoning, with strong City support and high demand for childcare services in the area. The location aligns perfectly with municipal objectives to increase daycare capacity in central Kelowna. Ideally situated on Wilkinson Street, this home is surrounded by top-rated schools, family-oriented neighborhoods, and dense residential communities—creating a built-in client base for a successful daycare operation. Parents benefit from the property’s proximity to shopping, parks, downtown Kelowna, and major commuter routes, including Highway 97. The existing home layout is well-suited for daycare conversion, offering generous interior space across two levels and flexible room configurations. In the interim, the property generates solid rental income, making it an attractive holding asset while licensing, approvals, or renovations are completed. Located within the Capri Centre Redevelopment Corridor, the site also provides long-term upside under UC2 zoning, which allows for higher-density residential development. This combination of immediate daycare potential, central location, and future redevelopment flexibility makes this a rare and compelling opportunity in today’s market. (id:65958)
- Subtype
- Other
- Structure
- Other
- Community
- Springfield/Spall
- Living area
- 3,152 square feet
- Lot size
- 0.13 acres
- Lot dimensions
- 0.13
- Parking
- 2 total
- On market
- Jan 20, 2026
- Status changed
- Apr 24, 2026
- Photos
- 61
- MLS#
- 10373329
- Area
- KELOWNA
Features and systems
Parking
Heating
Cooling
Exterior
Roof
Lot
Community
Cash on cash
-6.45%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,295
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.