Listed on: Jul 14, 2026
Last Updated: Jul 14, 2026
  • 294 Bernard Avenue, Kelowna, BC
  • 294 Bernard Avenue, Kelowna, BC
  • 294 Bernard Avenue, Kelowna, BC
  • 294 Bernard Avenue, Kelowna, BC
  • 294 Bernard Avenue, Kelowna, BC
  • 294 Bernard Avenue, Kelowna, BC

12,371 ft²
Retail



SINGLE-TENANT NNN FINANCIAL INSTITUTION TROPHY DOWNTOWN WATERFRONT LOCATION 5.00% CAP RATE HELD IN BARE TRUST


The Space
Available Space12,371 ft²
Floor3
SourceDirect

The Building - BMO

Marcus & Millichap's Western Canada NNN Group has been exclusively engaged to market the 100% freehold interest in 294 Bernard Avenue, Kelowna, British Columbia (the "Subject Property"). The Subject Property is a three-storey, mixed-use commercial building totalling 19,086 SF, 100% leased to Bank of Montreal (dba "BMO") on a recently extended triple-net (NNN) lease expiring May 31, 2031. Situated at the iconic corner of Bernard Avenue and Water Street in the heart of Downtown Kelowna, the Subject Property benefits from immediate proximity to Okanagan Lake, a rapidly densifying residential and hospitality precinct, and Kelowna's premier high street retail corridor. The offering presents a rare opportunity to acquire a trophy, single-tenant flagship asset underpinned by one of Canada's largest and most creditworthy financial institutions, located on one of the most recognizable commercial corners in the Okanagan.

Property TypeRetail
Floors3
Building Size19,086 ft²
Lot Size0.29 AC
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