Home
British Columbia
Kelowna
1471 St Paul Street Unit# 606 Lot# 7

$525,000

1 Beds

1 Bath

593 FEETSQ sqft

QuickQuote^TM: Not Available

Kelowna BC, V1Y 2E4

MLS® # 10336951

Property Information:

Welcome to Brooklyn, one of Kelowna’s newest and most exciting condominium communities. With this incredible location, you are just steps away from every amenity Kelowna has to offer and a quick stroll to the lake. This beautiful West-facing home features a flexible 1 bedroom + large den floor plan, with 9’ ceilings and 593sqft of interior living space, plus 90sqft of lakeview patio space. This nearly new building completed in 2022 offers all the modern touches, including high ceilings, quartz countertops, and more. A large private patio provides excellent outdoor living for all seasons, with lake, city, and mountain views. Brooklyn boasts an expansive rooftop patio with BBQ areas, sun loungers, two dedicated recreation rooms, and a full kitchen for your gatherings, etc. This unit also comes with a secured and covered parking stall and a convenient storage locker. Offered fully furnished and move in ready! (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Amenities: Amenities
Architectural Style: Other
Exterior Finish: Other
Fire Protection: Sprinkler System-Fire
Floor Space: 593 sqft
Flooring Type: Tile, Vinyl
Roof Material: Unknown
Roof Style: Unknown
Heating Type: Forced air, Heat Pump
Heating Fuel: Electric
Cooling Type: Central air conditioning, Heat Pump

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 1
Bathrooms: 1
Built in: 2022
Condo Fees: $372 Monthly
Features:
Floor Space (approx): 593 Square Feet
Storage Type: Storage, Locker
Structure Type: Clubhouse
View Type: City view, Lake view, Mountain view
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Parkade, Underground
No. of Parking Spaces: 1

Rooms:

Bathroom Main Level 7' x 8'
Den Main Level 6' x 8'
Primary Bedroom Main Level 9' x 12'
Kitchen Main Level 8' x 7'
Living Main Level 13' x 11'

Courtesy of: Angell Hasman & Assoc Realty Ltd.

More Detail

Less Detail

Potential Investment Performance

Cumulative ROI

60.4%

Cumulative Market Appreciation

$100,344

Net Operating Income in Year 5

$18,502

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 %	$105,000
Mortgage Amount	$420,000
Mortgage Payment %	$2,179

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,204

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$868
Net Operating Income	$1,336

Debt Service
Mortgage Payment	$2,179

Net Cash Flow	-$842

Cap Rate

3.06%

Acquistion Costs

Down Payment $105,000

Land Transfer Tax $8,500

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $115,500

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	$105,000	-	-	-	-	-	-	-	-	-
Closing Costs	$10,500	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$6,534	$6,848	$7,177	$7,523	$7,884	$8,263	$8,660	$9,077	$9,513	$9,970
Total	$122,034	$6,848	$7,177	$7,523	$7,884	$8,263	$8,660	$9,077	$9,513	$9,970
Cash Invested	$122,034	$128,883	$136,061	$143,584	$151,469	$159,732	$168,393	$177,470	$186,983	$196,954

Rental Cash Flows
Rent and other income	$26,457	$27,251	$28,068	$28,910	$29,778	$30,671	$31,591	$32,539	$33,515	$34,521
Operating Expenses	-$10,416	-$10,652	-$10,893	-$11,140	-$11,393	-$11,651	-$11,916	-$12,187	-$12,464	-$12,748
Mortgage Payment	-$26,150	-$26,150	-$26,150	-$26,150	-$26,150	-$26,150	-$26,150	-$26,150	-$26,150	-$26,150
Net Cash Flow	-$10,109	-$9,551	-$8,975	-$8,380	-$7,765	-$7,130	-$6,475	-$5,798	-$5,099	-$4,377

Returns
Property Price Appreciation	$18,690	$19,355	$20,044	$20,757	$21,496	$22,262	$23,054	$23,875	$24,725	$25,605
Mortgage Paydown	$6,534	$6,848	$7,177	$7,523	$7,884	$8,263	$8,660	$9,077	$9,513	$9,970
Net Cash Flow	-$10,109	-$9,551	-$8,975	-$8,380	-$7,765	-$7,130	-$6,475	-$5,798	-$5,099	-$4,377
Total Return	$15,114	$16,652	$18,247	$19,900	$21,616	$23,395	$25,240	$27,154	$29,139	$31,198
Cumulative Return	$15,114	$31,767	$50,014	$69,915	$91,531	$114,926	$140,167	$167,321	$196,460	$227,659

Investment Metrics
Cumulative ROI	12.4%	24.6%	36.8%	48.7%	60.4%	71.9%	83.2%	94.3%	105.1%	115.6%
Cash On Cash	-8.3%	-7.4%	-6.6%	-5.8%	-5.1%	-4.5%	-3.8%	-3.3%	-2.7%	-2.2%