$724,900

1916 Ethel Street Unit# 3, Kelowna, British Columbia, V1Y 2Z5

QuickQuote^TM: $656K - $831K

MLS® # 10333663

3 Beds

3 Baths

Property Information:

Welcome to this brand-new, modern townhouse located in the highly sought-after Ethel Street Multi-Use Pathway Corridor! With a spacious layout and sleek design, this home offers 3 bedrooms and 3 bathrooms, making it perfect for families or those who love extra space. The standout feature? A massive rooftop patio, ideal for entertaining or enjoying stunning views in peace. The beautifully appointed primary suite includes a luxurious ensuite, offering a private retreat within the home. Additional highlights include a detached garage for convenience and storage. With easy access to the pathway, you'll have endless options for biking, walking, or simply enjoying the outdoors. This home is the perfect blend of comfort, style, and location. Don’t miss out—schedule your showing today! (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Construction Style - Attachment: Attached
Heating Type: Forced air
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 3
Half Bathrooms: 1
Built in: 2024
Community Features: Pets Allowed
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 1

Rooms:

Bathroom 2nd Level 7'5'' x 4'11''
Bedroom 2nd Level 12'5'' x 9'11''
Bedroom 2nd Level 12'5'' x 10'6''
Bathroom 2nd Level 8'3'' x 5'0''
Primary Bedroom 2nd Level 10'10'' x 13'8''
Bathroom Main Level 5'2'' x 6'
Living Main Level 13' x 18'10''
Kitchen Main Level 13'2'' x 10'11''

Courtesy of: Century 21 Assurance Realty Ltd, Judy Lindsay Okanagan

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Potential Investment Performance

Cumulative ROI

90.0%

Cumulative Market Appreciation

$200,276

Net Operating Income in Year 5

$25,470

Cash on Cash Return in Year 5

-5.2%

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 %	$144,980
Mortgage Amount	$579,920
Mortgage Payment %	$3,008

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,663

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$809
Net Operating Income	$1,854

Debt Service
Mortgage Payment	$3,008

Net Cash Flow	-$1,154

Cap Rate

3.07%

Acquistion Costs

Down Payment $144,980

Land Transfer Tax $12,498

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $159,478

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	$144,980	-	-	-	-	-	-	-	-	-
Closing Costs	$14,498	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$9,022	$9,456	$9,911	$10,387	$10,886	$11,410	$11,958	$12,533	$13,135	$13,766
Total	$168,500	$9,456	$9,911	$10,387	$10,886	$11,410	$11,958	$12,533	$13,135	$13,766
Cash Invested	$168,500	$177,957	$187,868	$198,256	$209,142	$220,552	$232,511	$245,044	$258,180	$271,947

Rental Cash Flows
Rent and other income	$31,966	$32,925	$33,913	$34,930	$35,978	$37,057	$38,169	$39,314	$40,494	$41,708
Operating Expenses	-$9,708	-$9,945	-$10,188	-$10,437	-$10,692	-$10,955	-$11,223	-$11,499	-$11,782	-$12,072
Mortgage Payment	-$36,107	-$36,107	-$36,107	-$36,107	-$36,107	-$36,107	-$36,107	-$36,107	-$36,107	-$36,107
Net Cash Flow	-$13,849	-$13,127	-$12,382	-$11,614	-$10,821	-$10,004	-$9,161	-$8,292	-$7,395	-$6,470

Returns
Property Price Appreciation	$36,245	$38,057	$39,960	$41,958	$44,056	$46,258	$48,571	$51,000	$53,550	$56,227
Mortgage Paydown	$9,022	$9,456	$9,911	$10,387	$10,886	$11,410	$11,958	$12,533	$13,135	$13,766
Net Cash Flow	-$13,849	-$13,127	-$12,382	-$11,614	-$10,821	-$10,004	-$9,161	-$8,292	-$7,395	-$6,470
Total Return	$31,418	$34,386	$37,488	$40,731	$44,120	$47,664	$51,368	$55,241	$59,290	$63,524
Cumulative Return	$31,418	$65,805	$103,294	$144,025	$188,146	$235,810	$287,178	$342,420	$401,710	$465,234

Investment Metrics
Cumulative ROI	18.6%	37.0%	55.0%	72.6%	90.0%	106.9%	123.5%	139.7%	155.6%	171.1%
Cash On Cash	-8.2%	-7.4%	-6.6%	-5.9%	-5.2%	-4.5%	-3.9%	-3.4%	-2.9%	-2.4%