$699,900

751 Fuller Avenue Unit# 1, Kelowna, British Columbia, V1Y 6X2

QuickQuote^TM: $666K - $843K

MLS® # 10330284

2 Beds

3 Baths

Property Information:

TOWNHOME style...walk straight into your home from private garage. Massive size at this price point and just one common wall as this 4-plex id separated from it's front too back units. All of this located just steps from the downtown core and lake. This unit and its neighboring side are back units off alley. Upon entering, you are greeted by soaring 9'' ceilings and decor tastefully finished in today’s colors featuring engineered hardwood floors, foyer and bedroom. Moving to the main floor, you'll find a linear gas fireplace, unbelievable chefs kitchen with LG appliances and gas range, powder room and gorgeous primary suite. Up one more flight of stairs, and you are treated to a MASSIVE roof rooftop paving stone view patio with hose bib and BBQ outlet where you can enjoy outdoor living while gazing at those downtown lights in the Okanagan summers. Everything is done here. All gated, fenced and no stone left unturned. So much privacy and quality finishings. Just live that executive lifestyle....Lock and leave. Super secure with all of your outdoor living here up on the rooftop deck. Just a couple of minutes to walk, bike or jog to downtown into the cultural district with all of its beaches, bistros, and lifestyle related features that only Kelowna delivers. (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Construction Style - Attachment: Attached
Exterior Finish:
Fireplace Fuel: Unknown
Fireplace Type: Decorative
Flooring Type: Hardwood, Tile
Roof Material: Roof Material
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Central air conditioning
Appliances: Refrigerator, Range - Gas, Microwave, Wine Fridge

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 3
Half Bathrooms: 1
Built in: 2024
Features: Balcony
MaintenanceFee Type: Insurance, Water
View Type: Lake view, Mountain view
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Attached garage
No. of Parking Spaces: 1

Rooms:

Other Lower Level 9'11'' x 20'2''
Foyer Lower Level 6'1'' x 7'4''
Bedroom Lower Level 12'5'' x 11'
Bathroom Lower Level 7'4'' x 10'11''
Utility Main Level 3' x 3'11''
Primary Bedroom Main Level 12'7'' x 11'
Living Main Level 12'5'' x 11'6''
Kitchen Main Level 8'6'' x 17'3''
Dining Main Level 11'8'' x 7'1''
Bathroom Main Level 4'11'' x 10'6''
Bathroom Main Level 5' x 5'2''

Courtesy of: RE/MAX Kelowna

More Detail

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Potential Investment Performance

Cumulative ROI

84.5%

Cumulative Market Appreciation

$193,369

Net Operating Income in Year 5

$22,238

Cash on Cash Return in Year 5

-6.3%

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 %	$139,980
Mortgage Amount	$559,920
Mortgage Payment %	$2,905

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,377

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$759
Net Operating Income	$1,617

Debt Service
Mortgage Payment	$2,905

Net Cash Flow	-$1,287

Cap Rate

2.77%

Acquistion Costs

Down Payment $139,980

Land Transfer Tax $11,998

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $153,978

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	$139,980	-	-	-	-	-	-	-	-	-
Closing Costs	$13,998	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,711	$9,130	$9,569	$10,029	$10,511	$11,016	$11,546	$12,100	$12,682	$13,292
Total	$162,689	$9,130	$9,569	$10,029	$10,511	$11,016	$11,546	$12,100	$12,682	$13,292
Cash Invested	$162,689	$171,820	$181,389	$191,418	$201,930	$212,946	$224,492	$236,593	$249,276	$262,568

Rental Cash Flows
Rent and other income	$28,524	$29,380	$30,261	$31,169	$32,104	$33,067	$34,059	$35,081	$36,133	$37,217
Operating Expenses	-$9,114	-$9,335	-$9,561	-$9,793	-$10,030	-$10,274	-$10,524	-$10,780	-$11,043	-$11,312
Mortgage Payment	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862
Net Cash Flow	-$15,452	-$14,817	-$14,162	-$13,486	-$12,788	-$12,069	-$11,326	-$10,561	-$9,771	-$8,956

Returns
Property Price Appreciation	$34,995	$36,744	$38,581	$40,511	$42,536	$44,663	$46,896	$49,241	$51,703	$54,288
Mortgage Paydown	$8,711	$9,130	$9,569	$10,029	$10,511	$11,016	$11,546	$12,100	$12,682	$13,292
Net Cash Flow	-$15,452	-$14,817	-$14,162	-$13,486	-$12,788	-$12,069	-$11,326	-$10,561	-$9,771	-$8,956
Total Return	$28,253	$31,057	$33,989	$37,054	$40,259	$43,610	$47,115	$50,781	$54,614	$58,624
Cumulative Return	$28,253	$59,311	$93,300	$130,354	$170,614	$214,225	$261,340	$312,121	$366,736	$425,360

Investment Metrics
Cumulative ROI	17.4%	34.5%	51.4%	68.1%	84.5%	100.6%	116.4%	131.9%	147.1%	162.0%
Cash On Cash	-9.5%	-8.6%	-7.8%	-7.0%	-6.3%	-5.7%	-5.0%	-4.5%	-3.9%	-3.4%