$849,900

667 Burne Avenue, Kelowna, BC, V1Y 3P5

QuickQuote^TM: $942K - $1.1M

MLS® # 10335554

3 Beds

2 Baths

1296 FEETSQ sqft

Property Information:

Nestled on a quiet street in Kelowna South, this beautifully renovated charismatic character home offers modern upgrades, and an unbeatable location. Just a 5-minute walk to Kelowna General Hospital, nearby beach accesses, and 15 minutes on foot to downtown. Inside, the home features a modern kitchen with granite countertops, built-in washer/dryer cabinets, a stove. fridge, range hood fan and dishwasher. Thoughtful design blends contemporary updates with original charm, creating a warm, inviting space. The main level boasts refinished original fir hardwood floors, two bright and spacious bedrooms, a beautifully updated bath, and floating industrial shelving for added style and function. Plus, on-demand hot water, and a split AC/heating system for year-round comfort. A separate rear entrance leads to the finished lower level, with a third bedroom, a 3-piece bath, kitchenette, large closets, tons of crawl space storage —ideal as a studio suite. It's also plumbed for a stackable washer/dryer, offering great flexibility for rental income, guests, or multi-generational living. Outside enjoy the large wraparound veranda, for relaxing & entertaining, in the peaceful surroundings. The private rear terrace features a gazebo and 50-amp service, ready for a future hot tub. Enjoy a private driveway with electronic gate access, a fully landscaped and irrigated yard, and 2 storage sheds. Thoughtful exterior updates and meticulous maintenance make this home truly move-in ready.

Property Features:

Bedrooms: 3
Bathrooms: 2
Annual Tax Amount: $3,871
Appliances: Washer/Dryer Stacked, Dishwasher, Freezer, Gas Range, Microwave, Refrigerator, Range Hood
Architectural Style: Bungalow
Built in: 1944
Construction Materials: Wood Frame
Cooling: Heat Pump
Floor Space (approx): 1296 Square Feet
Heating: Electric, Heat Pump
Lot Size: 0.10 Acres
Parking Features: Additional Parking, Detached Carport, On Site, Rear/Side/Off Street, On Street
Roof: Asphalt, Shingle
Water Source: Public
Sewer: Public Sewer
No. of Parking Spaces: 3

Rooms:

Dining Main Level 3.33 m x 2.21 m
Recreation Room Other level :Lower 3.35 m x 3.45 m
Bathroom Other level :Lower 1.47 m x 2.69 m
Bedroom Other level :Lower 3.76 m x 2.74 m
Bathroom Main Level 1.62 m x 2.34 m
Bedroom Main Level 2.97 m x 3.40 m
Primary Bedroom Main Level 3.40 m x 3.48 m
Living Main Level 4.75 m x 4.11 m
Kitchen Main Level 3.56 m x 3.83 m

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Notes:

James Carmichael

Salesperson/REALTOR® Royal LePage Kelowna *

Mobile:778.363.7668

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Michelle Carmichael

Real Estate Agent Royal LePage Kelowna *

Mobile:250.300.8399

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Potential Investment Performance

Cumulative ROI

90.8%

Cumulative Market Appreciation

$234,811

Net Operating Income in Year 5

$30,303

Cash on Cash Return in Year 5

-5.0%

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 %	$169,980
Mortgage Amount	$679,920
Mortgage Payment %	$3,527

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,096

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$887
Net Operating Income	$2,209

Debt Service
Mortgage Payment	$3,527

Net Cash Flow	-$1,318

Cap Rate

3.12%

Acquistion Costs

Down Payment $169,980

Land Transfer Tax $14,998

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $186,978

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	$169,980	-	-	-	-	-	-	-	-	-
Closing Costs	$16,998	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$10,578	$11,087	$11,620	$12,178	$12,764	$13,377	$14,020	$14,694	$15,400	$16,140
Total	$197,556	$11,087	$11,620	$12,178	$12,764	$13,377	$14,020	$14,694	$15,400	$16,140
Cash Invested	$197,556	$208,644	$220,264	$232,442	$245,206	$258,584	$272,605	$287,299	$302,700	$318,840

Rental Cash Flows
Rent and other income	$37,161	$38,276	$39,424	$40,607	$41,825	$43,080	$44,372	$45,703	$47,075	$48,487
Operating Expenses	-$10,644	-$10,907	-$11,176	-$11,452	-$11,736	-$12,027	-$12,325	-$12,631	-$12,945	-$13,267
Mortgage Payment	-$42,333	-$42,333	-$42,333	-$42,333	-$42,333	-$42,333	-$42,333	-$42,333	-$42,333	-$42,333
Net Cash Flow	-$15,816	-$14,964	-$14,085	-$13,179	-$12,244	-$11,280	-$10,286	-$9,261	-$8,204	-$7,113

Returns
Property Price Appreciation	$42,495	$44,619	$46,850	$49,193	$51,652	$54,235	$56,947	$59,794	$62,784	$65,923
Mortgage Paydown	$10,578	$11,087	$11,620	$12,178	$12,764	$13,377	$14,020	$14,694	$15,400	$16,140
Net Cash Flow	-$15,816	-$14,964	-$14,085	-$13,179	-$12,244	-$11,280	-$10,286	-$9,261	-$8,204	-$7,113
Total Return	$37,257	$40,742	$44,385	$48,192	$52,172	$56,332	$60,681	$65,227	$69,981	$74,950
Cumulative Return	$37,257	$77,999	$122,384	$170,577	$222,749	$279,082	$339,763	$404,991	$474,972	$549,923

Investment Metrics
Cumulative ROI	18.9%	37.4%	55.6%	73.4%	90.8%	107.9%	124.6%	141.0%	156.9%	172.5%
Cash On Cash	-8.0%	-7.2%	-6.4%	-5.7%	-5.0%	-4.4%	-3.8%	-3.2%	-2.7%	-2.2%