$939,000

1450 Ethel Street Unit# 1, Kelowna, British Columbia, V1Y 2X7

QuickQuote^TM: Not Available

MLS® # 10334021

4 Beds

3 Baths

Property Information:

NO STRATA FEES!! MOVE IN READY. This well-designed 1800 sqft, 4-bedroom, 3-bathroom home offers it all. Enter in to find 3 spacious bedrooms, a full bathroom, storage, & laundry. The main living area, located upstairs, offers incredible open-concept living with tons of natural light. The generous-sized patio, equipped with sound and natural gas, extends your entertainment space while the primary bedroom, w/ walk-through closet & luxurious ensuite bath, ensures your comfort. The top level completes with a powder room, luxurious kitchen w/ a remarkable 10-foot waterfall island, and chic bar area. An array of high-end features include: Private attached garages, security cameras, 5 built in speakers, wood cabinetry, quartz counters, Fischer Paykel panel ready appliances, designer lighting & plumbing fixtures, & 9-foot ceilings. This rare floor plan and size is a must see for optimal Downtown living. POTENTIAL FOR 2ND PARKING SPOT. CALL TO FIND OUT MORE. ***PICTURES ARE FROM 1452 BUILDING, ALL SAME FINISHES BUT EXTERIOR IS THE DARKER COLOR SCHEME.*** VIDEO TOUR HERE: https://www.youtube.com/watch?v=9I4GHiHgQR0 *** (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Construction Style - Attachment: Attached
Exterior Finish: Stucco, Wood siding
Fire Protection:
Fireplace Fuel: Electric
Fireplace Type: Unknown
Flooring Type: Laminate, Tile
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 4
Bathrooms: 3
Half Bathrooms: 1
Built in: 2023
View Type: City view, Mountain view, View (panoramic)
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Attached garage
No. of Parking Spaces: 1

Rooms:

Bathroom 2nd Level Measurements not available
Kitchen 2nd Level 9'6'' x 9'3''
Dining 2nd Level 9'6'' x 14'0''
Living 2nd Level 13'3'' x 11'4''
Bathroom 2nd Level Measurements not available
Primary Bedroom 2nd Level 10'5'' x 12'0''
Bathroom Main Level Measurements not available
Bedroom Main Level 12'0'' x 10'0''
Bedroom Main Level 12'7'' x 9'3''
Bedroom Main Level 12'7'' x 9'3''

Courtesy of: RE/MAX Kelowna

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Potential Investment Performance

Cumulative ROI

93.7%

Cumulative Market Appreciation

$259,428

Net Operating Income in Year 5

$35,114

Cash on Cash Return in Year 5

-4.4%

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 %	$187,800
Mortgage Amount	$751,200
Mortgage Payment %	$3,897

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,581

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$1,021
Net Operating Income	$2,560

Debt Service
Mortgage Payment	$3,897

Net Cash Flow	-$1,336

Cap Rate

3.27%

Acquistion Costs

Down Payment $187,800

Land Transfer Tax $16,780

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $206,580

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	$187,800	-	-	-	-	-	-	-	-	-
Closing Costs	$18,780	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$11,687	$12,249	$12,838	$13,455	$14,102	$14,779	$15,490	$16,234	$17,015	$17,833
Total	$218,267	$12,249	$12,838	$13,455	$14,102	$14,779	$15,490	$16,234	$17,015	$17,833
Cash Invested	$218,267	$230,517	$243,355	$256,811	$270,913	$285,693	$301,183	$317,418	$334,433	$352,266

Rental Cash Flows
Rent and other income	$42,982	$44,272	$45,600	$46,968	$48,377	$49,828	$51,323	$52,863	$54,449	$56,082
Operating Expenses	-$12,252	-$12,555	-$12,865	-$13,184	-$13,510	-$13,845	-$14,189	-$14,542	-$14,903	-$15,274
Mortgage Payment	-$46,771	-$46,771	-$46,771	-$46,771	-$46,771	-$46,771	-$46,771	-$46,771	-$46,771	-$46,771
Net Cash Flow	-$16,041	-$15,055	-$14,037	-$12,987	-$11,905	-$10,789	-$9,637	-$8,450	-$7,226	-$5,964

Returns
Property Price Appreciation	$46,950	$49,297	$51,762	$54,350	$57,068	$59,921	$62,917	$66,063	$69,366	$72,834
Mortgage Paydown	$11,687	$12,249	$12,838	$13,455	$14,102	$14,779	$15,490	$16,234	$17,015	$17,833
Net Cash Flow	-$16,041	-$15,055	-$14,037	-$12,987	-$11,905	-$10,789	-$9,637	-$8,450	-$7,226	-$5,964
Total Return	$42,595	$46,492	$50,563	$54,818	$59,264	$63,912	$68,769	$73,847	$79,155	$84,703
Cumulative Return	$42,595	$89,087	$139,651	$194,469	$253,734	$317,646	$386,416	$460,264	$539,419	$624,122

Investment Metrics
Cumulative ROI	19.5%	38.6%	57.4%	75.7%	93.7%	111.2%	128.3%	145.0%	161.3%	177.2%
Cash On Cash	-7.3%	-6.5%	-5.8%	-5.1%	-4.4%	-3.8%	-3.2%	-2.7%	-2.2%	-1.7%