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British Columbia
Kelowna
3361 Aspen Lane

$799,000

3361 Aspen Lane, Kelowna, BC, V1V 0C6

QuickQuote^TM: $772K - $977K

MLS® # 10332712

3 Beds

3 Baths

1593 FEETSQ sqft

Property Information:

Turn-key, move-in-ready semi-detached townhome in the sought-after McKinley Landing area. Enjoy stunning mountain views, a short drive to Kelowna city center, UBCO, and the International Airport. This contemporary home features an open-concept living space with a large center island, perfect for cooking and entertaining. The partially covered oversized deck with privacy glass and a natural gas BBQ hookup is ideal for gatherings. The main floor primary bedroom includes a private balcony, a generous walk-in closet, and a spa-inspired ensuite. Downstairs, you’ll find two spacious bedrooms, a 4-piece bathroom, and ample storage. While there is no backyard, the oversized double-car garage adds convenience and extra space. As part of McKinley Beach, you’ll have access to the brand-new amenity center with a pool, hot tub, gym, and pickleball courts—all included in the amenity fee. This home truly has it all—book your viewing today!

Property Features:

Bedrooms: 3
Bathrooms: 2+1
Annual Tax Amount: $3,681
Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Built in: 2021
Construction Materials: Fiber Cement, Stucco, Wood Frame
Cooling: Central Air
Exterior Features: Balcony
Floor Space (approx): 1593 Square Feet
Flooring: Vinyl
Heating: Natural Gas
Parking Features: Additional Parking, Attached, Garage, On Site
Roof: Asphalt, Shingle
View: Mountain(s)
Water Source: Public
Sewer: Public Sewer
No. of Parking Spaces: 3

Rooms:

Utility Basement Level 1.47 m x 1.98 m
Living Main Level 3.38 m x 4.37 m
Bathroom Basement Level 1.90 m x 2.77 m
Laundry Basement Level 2.54 m x 2.29 m
Bedroom Basement Level 3.20 m x 3.58 m
Bedroom Basement Level 3.00 m x 3.53 m
Bathroom Main Level 1.93 m x 1.35 m
Ensuite Bathroom Main Level 1.50 m x 3.10 m
Primary Bedroom Main Level 3.40 m x 3.56 m
Dining Main Level 4.57 m x 2.41 m
Kitchen Main Level 4.57 m x 3.07 m

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Notes:

Tyler Zeeman

Sales Representative Royal LePage Kelowna *

Mobile:250.317.4599

My Website

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Potential Investment Performance

Cumulative ROI

94.7%

Cumulative Market Appreciation

$220,748

Net Operating Income in Year 5

$30,400

Cash on Cash Return in Year 5

-4.2%

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 %	$159,800
Mortgage Amount	$639,200
Mortgage Payment %	$3,316

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	$869
Net Operating Income	$2,217

Debt Service
Mortgage Payment	$3,316

Net Cash Flow	-$1,098

Cap Rate

3.33%

Acquistion Costs

Down Payment $159,800

Land Transfer Tax $13,980

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $175,780

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	$159,800	-	-	-	-	-	-	-	-	-
Closing Costs	$15,980	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$9,945	$10,423	$10,924	$11,449	$11,999	$12,576	$13,180	$13,814	$14,478	$15,174
Total	$185,725	$10,423	$10,924	$11,449	$11,999	$12,576	$13,180	$13,814	$14,478	$15,174
Cash Invested	$185,725	$196,148	$207,072	$218,522	$230,521	$243,098	$256,278	$270,093	$284,571	$299,745

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	-$10,437	-$10,695	-$10,960	-$11,232	-$11,511	-$11,797	-$12,091	-$12,392	-$12,701	-$13,018
Mortgage Payment	-$39,798	-$39,798	-$39,798	-$39,798	-$39,798	-$39,798	-$39,798	-$39,798	-$39,798	-$39,798
Net Cash Flow	-$13,187	-$12,334	-$11,454	-$10,547	-$9,611	-$8,646	-$7,651	-$6,625	-$5,567	-$4,476

Returns
Property Price Appreciation	$39,950	$41,947	$44,044	$46,247	$48,559	$50,987	$53,536	$56,213	$59,024	$61,975
Mortgage Paydown	$9,945	$10,423	$10,924	$11,449	$11,999	$12,576	$13,180	$13,814	$14,478	$15,174
Net Cash Flow	-$13,187	-$12,334	-$11,454	-$10,547	-$9,611	-$8,646	-$7,651	-$6,625	-$5,567	-$4,476
Total Return	$36,708	$40,036	$43,514	$47,149	$50,947	$54,917	$59,065	$63,402	$67,934	$72,673
Cumulative Return	$36,708	$76,744	$120,259	$167,408	$218,355	$273,272	$332,338	$395,741	$463,676	$536,349

Investment Metrics
Cumulative ROI	19.8%	39.1%	58.1%	76.6%	94.7%	112.4%	129.7%	146.5%	162.9%	178.9%
Cash On Cash	-7.1%	-6.3%	-5.5%	-4.8%	-4.2%	-3.6%	-3.0%	-2.5%	-2.0%	-1.5%