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$975,000

1045 Hume Avenue, Kelowna, British Columbia, V1P 1P2

QuickQuoteTM: $919K - $1.2M
MLS® # 10330823

4 Beds

3 Baths

Property Information:

Welcome to your dream home in the heart of Black Mountain! This 4 bedroom plus den residence offers a perfect blend of comfort, space and breathtaking views. On the entry level, you’ll find a spacious garage, a den, a large recreational room designed for entertaining, currently set up as a games and sports room, ideal for hosting gatherings with family and friends. Through the rec room, discover a 4th bedroom that has been transformed into a theatre room. On the main floor, the open-concept living space awaits. The kitchen, equipped with modern appliances and ample counter space, flows seamlessly into the living room, where vaulted ceilings and large windows frame stunning views of the lake, city, and mountains. Step out onto the deck just off the dining area to enjoy your morning coffee or evening wine while overlooking the picturesque valley and lake. The back patio offers additional outdoor living space and leads to a private backyard, bordered by a field, providing a serene atmosphere. Conveniently located on the upper floor, the laundry area serves the three bedrooms. The primary suite is a true retreat, featuring double doors, a generous walk-in closet, and a spa-inspired ensuite. The ensuite is adorned with travertine tile, double sinks, a large soaker tub, and a huge glass-door shower, creating a sanctuary of relaxation. Close to Black Mountain Golf Course, schools, parks and shopping, this exceptional home is a rare find. Don't miss the opportunity to make it yours! (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Construction Style - Attachment: Detached
  • Fireplace Fuel: Electric
  • Fireplace Type: Unknown
  • Flooring Type: Carpeted, Hardwood, Tile
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning
  • Appliances: Refrigerator, Dishwasher, Range - Gas, Microwave

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 4
  • Bathrooms: 3
  • Built in: 2006
  • View Type: Unknown, City view, Lake view, Mountain view, Valley view, View of water, View (panoramic)
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system
  • Parking Type: Attached garage
  • No. of Parking Spaces: 4

Rooms:

  • Other Lower Level 24'10'' x 25'
  • Utility Lower Level 12'10'' x 9'3''
  • Foyer Lower Level 10'3'' x 5'1''
  • Media Room Lower Level 16'4'' x 18'11''
  • Recreation Room Lower Level 27'8'' x 17'6''
  • Bedroom Lower Level 9' x 12'6''
  • Bathroom Lower Level 8'5'' x 4'11''
  • Laundry Main Level 8'3'' x 6'11''
  • Living Main Level 15' x 18'1''
  • Kitchen Main Level 10'5'' x 14'3''
  • Family Main Level 11' x 10'
  • Dining Main Level 11'10'' x 9'11''
  • Bedroom Main Level 11'3'' x 10'11''
  • Bedroom Main Level 9'11'' x 11'
  • Primary Bedroom Main Level 12'9'' x 21'5''
  • Bathroom Main Level 8'7'' x 14'2''
  • Bathroom Main Level 4'11'' x 8'11''

Courtesy of: Oakwyn Realty Okanagan-Letnick Estates

REALTOR.ca  

Potential Investment Performance

Cumulative ROI

100.5%

Cumulative Market Appreciation

$269,374

Net Operating Income in Year 5

$40,565

Cash on Cash Return in Year 5

-2.9%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$195,000
Mortgage Amount $780,000
Mortgage Payment
%
$4,047

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $4,061
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $1,100
Net Operating Income $2,961
Debt Service
Mortgage Payment $4,047
Net Cash Flow -$1,085

Cap Rate

3.64%

Acquistion Costs

Down Payment $195,000
Land Transfer Tax $17,500
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $214,500

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $195,000 - - - - - - - - -
Closing Costs $19,500 - - - - - - - - -
Mortgage Paydown $12,135$12,719$13,330$13,971$14,642$15,346$16,084$16,857$17,667$18,516
Total $226,635$12,719$13,330$13,971$14,642$15,346$16,084$16,857$17,667$18,516
Cash Invested $226,635$239,355$252,685$266,657$281,299$296,646$312,730$329,588$347,255$365,772
Rental Cash Flows
Rent and other income $48,740$50,203$51,709$53,260$54,858$56,504$58,199$59,945$61,743$63,595
Operating Expenses -$13,204-$13,533-$13,871-$14,218-$14,574-$14,939-$15,313-$15,697-$16,092-$16,496
Mortgage Payment -$48,565-$48,565-$48,565-$48,565-$48,565-$48,565-$48,565-$48,565-$48,565-$48,565
Net Cash Flow -$13,028-$11,895-$10,727-$9,522-$8,280-$7,000-$5,679-$4,317-$2,913-$1,465
Returns
Property Price Appreciation $48,750$51,187$53,746$56,434$59,255$62,218$65,329$68,596$72,025$75,627
Mortgage Paydown $12,135$12,719$13,330$13,971$14,642$15,346$16,084$16,857$17,667$18,516
Net Cash Flow -$13,028-$11,895-$10,727-$9,522-$8,280-$7,000-$5,679-$4,317-$2,913-$1,465
Total Return $47,857$52,011$56,350$60,882$65,617$70,565$75,734$81,135$86,779$92,678
Cumulative Return $47,857$99,868$156,218$217,101$282,719$353,284$429,019$510,154$596,934$689,612
Investment Metrics
Cumulative ROI 21.1% 41.7% 61.8% 81.4% 100.5% 119.1% 137.2% 154.8% 171.9% 188.5%
Cash On Cash -5.7% -5.0% -4.2% -3.6% -2.9% -2.4% -1.8% -1.3% -0.8% -0.4%
QuickQuoteTM Powered by RPS

Location of 1045 Hume Avenue, Kelowna, British Columbia, V1P 1P2

Demographic Information of 1045 Hume Avenue, Kelowna, British Columbia, V1P 1P2

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$127,940.86

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.17 %

High school certificate or equivalent

33.46 %

Apprenticeship trade certificate/diploma

11.78 %

College/non-university certificate

25.83 %

University certificate (below bachelor)

1.81 %

University Degree

12.96 %

Commuter

Travel To Work

By Car

93.91 %

By Public Transit

2.19 %

By Walking

1.17 %

By Bicycle

0.0 %

By Other Methods

2.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.29 %

Houses

99.71 %

Own Vs. Rent