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Royal LePage
Royal LePage
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$605,000

1967 Underhill Street Unit# 605 Lot# 99, Kelowna, British Columbia, V1X 8C9

QuickQuoteTM: $564K - $756K
MLS® # 10330853

2 Beds

2 Baths

MULTIMEDIA

Property Information:

Undeniable value for this beautifully kept, spacious 2 bed, 2 full baths, PLUS den. One of the largest and desirable floor plans. Open concept, separation of bedrooms providing maximum privacy. Kitchen with plenty of room to move about, open to bright comfortable living area, cozy gas fireplace, separate dining. Central a/c not units attached to walls. Step out to your generous size balcony and being on the 6th floor provides expansive valley, mountain views. Well cared for building with pool, hot tub, manicured gardens, putting green. Convenience of storage locker on the same floor. Secure parking but easily leave the car at home as this fantastic central location allows you to walk to numerous amenities; Orchard Park Mall, Costco, movie theatre, abundance of restaurant choices, groceries, etc., and just across the street to Mission Creek greenway to walk/ride through nature. Also u/g pkg available for guests. Don’t miss your opportunity to see this fabulous condo. 1 Cat or 1 Dog max 14"" at the shoulder. (id:27)

Building Features:

  • Style: Apartment
  • Building Type: Apartment
  • Amenities: Amenities, Party Room, Whirlpool, Storage - Locker
  • Exterior Finish: Stucco
  • Fire Protection: Controlled entry
  • Fireplace Fuel: Gas
  • Fireplace Type: Unknown
  • Flooring Type: Carpeted, Wood, Tile
  • Roof Material: Roof Material
  • Roof Style: Unknown
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning
  • Appliances: Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave

Property Features:

  • OwnershipType: Strata
  • Property Type: Single Family
  • Bedrooms: 2
  • Bathrooms: 2
  • Built in: 2008
  • Community Features: Pets Allowed, Pet Restrictions, Pets Allowed With Restrictions
  • Condo Fees: $432 Monthly
  • Features: Balcony
  • Pool Type: Indoor pool
  • Storage Type: Storage, Locker
  • Utility Type: Hydro - Available, Sewer - Available, Natural Gas - Available, Telephone - Available, Water - Available, Cable - Available
  • View Type: City view, Mountain view, Valley view
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system
  • Parking Type: Underground
  • No. of Parking Spaces: 1

Rooms:

  • Laundry Main Level 8' x 5'6''
  • Den Main Level 10' x 8'
  • Bathroom Main Level 9' x 7'
  • Bedroom Main Level 12' x 11'
  • Bathroom Main Level 9'6'' x 5'
  • Primary Bedroom Main Level 14' x 12'
  • Dining Main Level 12' x 8'
  • Living Main Level 12'6'' x 12'
  • Kitchen Main Level 12' x 11'

Courtesy of: Macdonald Realty Interior

REALTOR.ca  

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Potential Investment Performance

Cumulative ROI

82.8%

Cumulative Market Appreciation

$167,150

Net Operating Income in Year 5

$18,649

Cash on Cash Return in Year 5

-6.7%

Assumptions

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
%
$121,000
Mortgage Amount $484,000
Mortgage Payment
%
$2,511

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,316
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $973
Net Operating Income $1,343
Debt Service
Mortgage Payment $2,511
Net Cash Flow -$1,167

Cap Rate

2.66%

Acquistion Costs

Down Payment $121,000
Land Transfer Tax $10,100
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $133,100

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $121,000 - - - - - - - - -
Closing Costs $12,100 - - - - - - - - -
Mortgage Paydown $7,530$7,892$8,271$8,669$9,086$9,522$9,980$10,460$10,962$11,489
Total $140,630$7,892$8,271$8,669$9,086$9,522$9,980$10,460$10,962$11,489
Cash Invested $140,630$148,522$156,794$165,464$174,550$184,072$194,053$204,513$215,476$226,966
Rental Cash Flows
Rent and other income $27,801$28,635$29,494$30,379$31,290$32,229$33,196$34,191$35,217$36,274
Operating Expenses -$11,678-$11,940-$12,208-$12,483-$12,764-$13,051-$13,345-$13,647-$13,955-$14,270
Mortgage Payment -$30,135-$30,135-$30,135-$30,135-$30,135-$30,135-$30,135-$30,135-$30,135-$30,135
Net Cash Flow -$14,012-$13,440-$12,849-$12,239-$11,608-$10,957-$10,285-$9,590-$8,872-$8,131
Returns
Property Price Appreciation $30,250$31,762$33,350$35,018$36,769$38,607$40,537$42,564$44,693$46,927
Mortgage Paydown $7,530$7,892$8,271$8,669$9,086$9,522$9,980$10,460$10,962$11,489
Net Cash Flow -$14,012-$13,440-$12,849-$12,239-$11,608-$10,957-$10,285-$9,590-$8,872-$8,131
Total Return $23,768$26,214$28,772$31,448$34,246$37,172$40,233$43,434$46,783$50,285
Cumulative Return $23,768$49,983$78,755$110,204$144,450$181,622$221,856$265,290$312,073$362,359
Investment Metrics
Cumulative ROI 16.9% 33.7% 50.2% 66.6% 82.8% 98.7% 114.3% 129.7% 144.8% 159.7%
Cash On Cash -10.0% -9.0% -8.2% -7.4% -6.7% -6.0% -5.3% -4.7% -4.1% -3.6%
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Market Price Trends

Condominium

-1.73%

Price change (1 year)

29.09%

Price change (5 years)

All Properties

-2.4%

Price change (1 year)

39.68%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1967 Underhill Street Unit# 605 Lot# 99, Kelowna, British Columbia, V1X 8C9

Demographic Information of 1967 Underhill Street Unit# 605 Lot# 99, Kelowna, British Columbia, V1X 8C9

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$102,622.17

Average Number of Children

1.30

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.68 %

High school certificate or equivalent

32.69 %

Apprenticeship trade certificate/diploma

11.16 %

College/non-university certificate

16.16 %

University certificate (below bachelor)

3.36 %

University Degree

24.94 %

Commuter

Travel To Work

By Car

76.1 %

By Public Transit

3.54 %

By Walking

15.49 %

By Bicycle

3.55 %

By Other Methods

1.32 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

88.35 %

Houses

11.65 %

Own Vs. Rent

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