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British Columbia
Kelowna
1368 Bing Avenue

$860,000

1368 Bing Avenue, Kelowna, BC, V1Y 3Y4

QuickQuote^TM: $778K - $948K

MLS® # 10331392

3 Beds

3 Baths

1625 FEETSQ sqft

Property Information:

Location, Location, Location! Discover this charming home nestled in the heart of town on a quiet, peaceful street. Offering the perfect combination of convenience and tranquility, this property boasts a private backyard oasis featuring an 18x36 pool – perfect for relaxing, entertaining, or soaking up the Okanagan sun. With 3 spacious bedrooms (1 up, 2 down) + den/office, and 2 bathrooms (plus a 3 piece pool house bathroom!), this home provides comfort and functionality for families or professionals alike. The partially finished basement offers exciting potential for expansion, whether you envision additional living space, a home office, or a Man Cave. Ideally located just minutes from the Apple Bowl, the Rail Trail and Kelowna Golf and Country Club, you’ll love the proximity to top-notch amenities, schools, and parks. Don’t miss this opportunity to own a central gem with room to grow – it’s the perfect place to call home!

Property Features:

Bedrooms: 3
Bathrooms: 3
Annual Tax Amount: $3,714
Built in: 1957
Cooling: None
Floor Space (approx): 1625 Square Feet
Heating: Forced Air
Lot Size: 0.17 Acres
Parking Features: Open
Water Source: Public
Sewer: Public Sewer

Rooms:

Bathroom Main Level .00 m x .00 m
Bathroom Basement Level .00 m x .00 m
Recreation Room Basement Level 8.23 m x 3.35 m
Bedroom Basement Level 2.44 m x 3.05 m
Bedroom Basement Level 3.05 m x 2.44 m
Den Main Level 3.25 m x 2.69 m
Bathroom Main Level 3.30 m x 2.29 m
Primary Bedroom Main Level 3.91 m x 3.61 m
Other Main Level 2.44 m x 2.29 m Note: Breakfast Room/Nook
Dining Main Level 3.20 m x 2.90 m
Living Main Level 4.88 m x 3.66 m
Kitchen Main Level 3.63 m x 2.44 m

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Rating:

Notes:

Geoff Treadgold

Personal Real Estate Corporation Royal LePage Kelowna *

Mobile:250.469.3111

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Potential Investment Performance

Cumulative ROI

90.5%

Cumulative Market Appreciation

$237,602

Net Operating Income in Year 5

$30,472

Cash on Cash Return in Year 5

-5.1%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

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 %	$172,000
Mortgage Amount	$688,000
Mortgage Payment %	$3,569

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,096

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$874
Net Operating Income	$2,222

Debt Service
Mortgage Payment	$3,569

Net Cash Flow	-$1,346

Cap Rate

3.10%

Acquistion Costs

Down Payment $172,000

Land Transfer Tax $15,200

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $189,200

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$172,000	-	-	-	-	-	-	-	-	-
Closing Costs	$17,200	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$10,704	$11,219	$11,758	$12,323	$12,915	$13,536	$14,187	$14,869	$15,583	$16,332
Total	$199,904	$11,219	$11,758	$12,323	$12,915	$13,536	$14,187	$14,869	$15,583	$16,332
Cash Invested	$199,904	$211,123	$222,881	$235,205	$248,120	$261,657	$275,844	$290,713	$306,297	$322,629

Rental Cash Flows
Rent and other income	$37,161	$38,276	$39,424	$40,607	$41,825	$43,080	$44,372	$45,703	$47,075	$48,487
Operating Expenses	-$10,488	-$10,747	-$11,014	-$11,287	-$11,567	-$11,854	-$12,149	-$12,452	-$12,762	-$13,080
Mortgage Payment	-$42,836	-$42,836	-$42,836	-$42,836	-$42,836	-$42,836	-$42,836	-$42,836	-$42,836	-$42,836
Net Cash Flow	-$16,163	-$15,308	-$14,426	-$13,516	-$12,578	-$11,611	-$10,613	-$9,585	-$8,524	-$7,430

Returns
Property Price Appreciation	$43,000	$45,149	$47,407	$49,777	$52,266	$54,880	$57,624	$60,505	$63,530	$66,707
Mortgage Paydown	$10,704	$11,219	$11,758	$12,323	$12,915	$13,536	$14,187	$14,869	$15,583	$16,332
Net Cash Flow	-$16,163	-$15,308	-$14,426	-$13,516	-$12,578	-$11,611	-$10,613	-$9,585	-$8,524	-$7,430
Total Return	$37,540	$41,060	$44,739	$48,584	$52,603	$56,805	$61,197	$65,789	$70,589	$75,609
Cumulative Return	$37,540	$78,601	$123,340	$171,924	$224,528	$281,333	$342,531	$408,320	$478,910	$554,519

Investment Metrics
Cumulative ROI	18.8%	37.2%	55.3%	73.1%	90.5%	107.5%	124.2%	140.5%	156.4%	171.9%
Cash On Cash	-8.1%	-7.3%	-6.5%	-5.7%	-5.1%	-4.4%	-3.8%	-3.3%	-2.8%	-2.3%