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$799,900

720 Valley Road Unit# 43, Kelowna, British Columbia, V1V 0E1

QuickQuoteTM: $793K - $965K
MLS® # 10330658

3 Beds

3 Baths

Property Information:

This exceptional inside unit offers incredible value without compromising on style or functionality. Step inside the bright and open main floor, designed with families in mind. You’ll love the modern touches, including a Whirlpool appliance package, quartz countertops, a ceramic tile backsplash, expansive windows, and 9-foot ceilings. The acoustically engineered party wall ensures privacy, while the convenient powder room adds to the home’s practicality. Upstairs, the second floor is your personal sanctuary. The primary suite features a walk-in closet and a beautifully designed ensuite. Two additional bedrooms, a full bathroom, and a laundry area complete this level, making it ideal for families of all sizes. But the real showstopper awaits on the third floor—a private rooftop patio where you can relax, BBQ, and entertain while taking in stunning valley views. Perfectly located just minutes from downtown Kelowna, this home is steps from green spaces and top-rated schools. Don’t wait—schedule your viewing today and make this incredible home yours! (id:27)

Building Features:

  • Style: Townhouse
  • Building Type: Row / Townhouse
  • Construction Style - Attachment: Attached
  • Flooring Type: Carpeted, Tile, Vinyl
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air
  • Cooling Type: Central air conditioning
  • Appliances: Refrigerator, Dishwasher, Dryer, Range - Gas, Microwave, Washer

Property Features:

  • OwnershipType: Strata
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 3
  • Half Bathrooms: 1
  • Built in: 2023
  • Community Features: Pets Allowed, Pet Restrictions, Pets Allowed With Restrictions
  • Features: Central island
  • MaintenanceFee Type: Property Management
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system
  • Parking Type: Attached garage
  • No. of Parking Spaces: 2

Rooms:

  • Bathroom 2nd Level Measurements not available
  • Bedroom 2nd Level 9' x 11'
  • Bedroom 2nd Level 9' x 10'10''
  • Bathroom 2nd Level Measurements not available
  • Primary Bedroom 2nd Level 12'3'' x 11'9''
  • Other Basement Level 39' x 11'8''
  • Bathroom Main Level Measurements not available
  • Dining Main Level 10'2'' x 9'8''
  • Living Main Level 15'4'' x 13'
  • Kitchen Main Level 11'5'' x 16'

Courtesy of: Coldwell Banker Horizon Realty

REALTOR.ca  

Potential Investment Performance

Cumulative ROI

93.9%

Cumulative Market Appreciation

$220,997

Net Operating Income in Year 5

$30,050

Cash on Cash Return in Year 5

-4.3%

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
%
$159,980
Mortgage Amount $639,920
Mortgage Payment
%
$3,320

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 $896
Net Operating Income $2,190
Debt Service
Mortgage Payment $3,320
Net Cash Flow -$1,129

Cap Rate

3.29%

Acquistion Costs

Down Payment $159,980
Land Transfer Tax $13,998
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $175,978

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $159,980 - - - - - - - - -
Closing Costs $15,998 - - - - - - - - -
Mortgage Paydown $9,956$10,435$10,936$11,462$12,013$12,590$13,195$13,829$14,494$15,191
Total $185,934$10,435$10,936$11,462$12,013$12,590$13,195$13,829$14,494$15,191
Cash Invested $185,934$196,369$207,306$218,768$230,781$243,371$256,567$270,397$284,892$300,083
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 -$10,761-$11,026-$11,297-$11,576-$11,862-$12,155-$12,456-$12,764-$13,080-$13,405
Mortgage Payment -$39,843-$39,843-$39,843-$39,843-$39,843-$39,843-$39,843-$39,843-$39,843-$39,843
Net Cash Flow -$13,556-$12,709-$11,836-$10,935-$10,007-$9,049-$8,061-$7,042-$5,992-$4,908
Returns
Property Price Appreciation $39,995$41,994$44,094$46,299$48,614$51,044$53,597$56,276$59,090$62,045
Mortgage Paydown $9,956$10,435$10,936$11,462$12,013$12,590$13,195$13,829$14,494$15,191
Net Cash Flow -$13,556-$12,709-$11,836-$10,935-$10,007-$9,049-$8,061-$7,042-$5,992-$4,908
Total Return $36,395$39,720$43,194$46,825$50,620$54,586$58,731$63,064$67,593$72,327
Cumulative Return $36,395$76,115$119,310$166,135$216,755$271,341$330,073$393,137$460,730$533,058
Investment Metrics
Cumulative ROI 19.6% 38.8% 57.6% 75.9% 93.9% 111.5% 128.6% 145.4% 161.7% 177.6%
Cash On Cash -7.3% -6.5% -5.7% -5.0% -4.3% -3.7% -3.1% -2.6% -2.1% -1.6%
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Location of 720 Valley Road Unit# 43, Kelowna, British Columbia, V1V 0E1

Demographic Information of 720 Valley Road Unit# 43, Kelowna, British Columbia, V1V 0E1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$103,707.09

Average Number of Children

1.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.92 %

High school certificate or equivalent

32.17 %

Apprenticeship trade certificate/diploma

7.37 %

College/non-university certificate

23.79 %

University certificate (below bachelor)

2.72 %

University Degree

26.01 %

Commuter

Travel To Work

By Car

84.67 %

By Public Transit

3.42 %

By Walking

6.35 %

By Bicycle

2.72 %

By Other Methods

2.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.98 %

Houses

58.02 %

Own Vs. Rent