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British Columbia
Kelowna
1450 Union Road Unit# 42

$864,000

1450 Union Road Unit# 42, Kelowna, British Columbia, V1V 3E1

QuickQuote^TM: $745K - $943K

MLS® # 10335695

3 Beds

4 Baths

MULTIMEDIA

Brochures

Property Information:

For more information, please click Brochure button. Discover Your Dream Townhome in Wilden - Kelowna's #1 Voted Neighborhood. This stunning three-level townhome is located in a serene, family-friendly community just 10 minutes from downtown Kelowna, the airport and the university. Hidden Lake Lookout is a highly sought-after neighborhood that combines natural beauty with unparalleled convenience, making it the ideal place to settle down. Prime Location: Nestled next to a large park and picnic area with picturesque ponds that double as skating rinks in the winter, and surrounded by walking and hiking trails. Minutes from UBCO, top-rated schools, the airport, and Glen Park Shopping Centre. Modern and Spacious Living: This home features roughly 2,149 square feet, 9 foot ceilings, a spacious main floor patio, a beautiful natural gas fireplace, hardwood floors, high-end Bosch appliances, quartz countertops, tons of storage and a private parking garage, perfect for growing families or professionals. Energy Efficient: Enjoy low utility costs with geothermal and natural gas heating and cooling systems, ensuring year-round comfort. Kid & Pet Friendly: The complex is designed with families in mind, offering expansive green spaces, a picnic area, and a pond right off the patio for outdoor enjoyment. Hassle-Free Maintenance: Landscaping and lawn care are fully included, giving you more time to enjoy your surroundings. (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Basement Type: Full
Construction Style - Attachment: Attached
Exterior Finish: Other, Stone, Stucco
Fire Protection: Controlled entry
Fireplace Fuel: Gas
Fireplace Type: Unknown
Flooring Type: Carpeted, Hardwood, Tile
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Heating Fuel: Geo Thermal
Cooling Type: Central air conditioning
Appliances: Refrigerator, Dishwasher, Oven - gas, Range - Gas, Microwave

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 4
Half Bathrooms: 1
Amenities Nearby: Airport, Park, Schools, Shopping
Built in: 2016
Community Features: Family Oriented, Pet Restrictions, Rentals Allowed
Features: Central island
Landscape Features: Landscaped
MaintenanceFee Type: Insurance, Property Management, Other, See Remarks
Storage Type: Storage
View Type: Mountain view
Zoning Type: Multi-Family
Sewer: Municipal sewage system
Parking Type: See Remarks, Attached garage
No. of Parking Spaces: 2

Rooms:

Laundry 2nd Level 8'0'' x 8'0''
Primary Bedroom 2nd Level 12'5'' x 10'0''
Bedroom 2nd Level 9'7'' x 8'0''
Bathroom 2nd Level Measurements not available
Bathroom 2nd Level Measurements not available
Storage Basement Level 9'0'' x 6'0''
Games Basement Level 15'0'' x 16'0''
Family Basement Level 13'8'' x 14'0''
Bathroom Basement Level Measurements not available
Bedroom Basement Level 9'6'' x 10'6''
Other Main Level 15'2'' x 10'0''
Living Main Level 14'0'' x 12'0''
Dining Main Level 11'0'' x 9'0''
Bathroom Main Level Measurements not available
Kitchen Main Level 10'0'' x 14'3''
Foyer Main Level 9'2'' x 6'0''

Courtesy of: Easy List Realty

More Detail

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Potential Investment Performance

Cumulative ROI

88.7%

Cumulative Market Appreciation

$238,707

Net Operating Income in Year 5

$29,699

Cash on Cash Return in Year 5

-5.4%

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 %	$172,800
Mortgage Amount	$691,200
Mortgage Payment %	$3,586

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,087

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$923
Net Operating Income	$2,163

Debt Service
Mortgage Payment	$3,586

Net Cash Flow	-$1,422

Cap Rate

3.01%

Acquistion Costs

Down Payment $172,800

Land Transfer Tax $15,280

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $190,080

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	$172,800	-	-	-	-	-	-	-	-	-
Closing Costs	$17,280	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$10,754	$11,271	$11,812	$12,380	$12,975	$13,599	$14,253	$14,938	$15,656	$16,408
Total	$200,834	$11,271	$11,812	$12,380	$12,975	$13,599	$14,253	$14,938	$15,656	$16,408
Cash Invested	$200,834	$212,105	$223,918	$236,299	$249,274	$262,874	$277,127	$292,065	$307,721	$324,130

Rental Cash Flows
Rent and other income	$37,048	$38,159	$39,304	$40,483	$41,698	$42,949	$44,237	$45,564	$46,931	$48,339
Operating Expenses	-$11,085	-$11,356	-$11,634	-$11,920	-$12,212	-$12,513	-$12,820	-$13,136	-$13,460	-$13,792
Mortgage Payment	-$43,036	-$43,036	-$43,036	-$43,036	-$43,036	-$43,036	-$43,036	-$43,036	-$43,036	-$43,036
Net Cash Flow	-$17,072	-$16,232	-$15,366	-$14,472	-$13,550	-$12,599	-$11,619	-$10,607	-$9,564	-$8,488

Returns
Property Price Appreciation	$43,200	$45,359	$47,628	$50,009	$52,509	$55,135	$57,892	$60,786	$63,826	$67,017
Mortgage Paydown	$10,754	$11,271	$11,812	$12,380	$12,975	$13,599	$14,253	$14,938	$15,656	$16,408
Net Cash Flow	-$17,072	-$16,232	-$15,366	-$14,472	-$13,550	-$12,599	-$11,619	-$10,607	-$9,564	-$8,488
Total Return	$36,881	$40,398	$44,074	$47,917	$51,934	$56,134	$60,525	$65,117	$69,917	$74,937
Cumulative Return	$36,881	$77,279	$121,354	$169,271	$221,206	$277,341	$337,867	$402,984	$472,902	$547,839

Investment Metrics
Cumulative ROI	18.4%	36.4%	54.2%	71.6%	88.7%	105.5%	121.9%	138.0%	153.7%	169.0%
Cash On Cash	-8.5%	-7.7%	-6.9%	-6.1%	-5.4%	-4.8%	-4.2%	-3.6%	-3.1%	-2.6%