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Royal LePage
Royal LePage
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$388,800

909-1191 Sunset Drive, Kelowna, BC, V1Y 0J4

QuickQuoteTM: $374K - $474K
MLS® # 10335120

438 FEETSQ sqft

Property Information:

Welcome to ONE Water, where luxury meets convenience in the heart of downtown Kelowna! This northeast-facing studio suite offers 438 sq. ft. of thoughtfully designed living space plus a private patio to take in breathtaking Lake, City & Mountain views. The sleek galley kitchen features modern flat-panel cabinetry, quartz countertops, and stainless steel appliances, seamlessly flowing into the open-concept living area. A Murphy bed maximizes space, while floor-to-ceiling windows bring in natural light and frame the stunning views. The suite is complete with a stylish 3-piece bathroom and in-suite laundry for added convenience. Residents of ONE Water enjoy access to resort-style amenities, including pools, a hot tub, a yoga studio, a fully equipped gym, a pickleball court, and multiple outdoor lounge areas. Located just steps from Okanagan Lake, scenic beaches, top restaurants, coffee shops, and entertainment - this is downtown living at its finest!

Property Features:

  • Bathrooms: 1
  • Annual Tax Amount: $1,729
  • Appliances: Dryer, Dishwasher, Gas Range, Refrigerator, Washer
  • Association Amenities: Clubhouse, Sport Court, Elevator(s), Fitness Center, Barbecue, Spa/Hot Tub, Storage
  • Built in: 2021
  • Condo Fees: $270 Monthly
  • Cooling: Central Air, Other
  • Exterior Features: Balcony, Private Entrance
  • Floor Space (approx): 438 Square Feet
  • Heating: Forced Air, Multi-Fuel, Other
  • Parking Features: None, On Site
  • View: City, Lake, Mountain(s)
  • Water Source: Public
  • Sewer: Public Sewer

Rooms:

  • Bathroom Main Level 2.44 m x 2.62 m
  • Studio Main Level 4.57 m x 9.14 m

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Potential Investment Performance

Cumulative ROI

81.2%

Cumulative Market Appreciation

$107,418

Net Operating Income in Year 5

$11,600

Cash on Cash Return in Year 5

-7.0%

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
%
$77,760
Mortgage Amount $311,040
Mortgage Payment
%
$1,613

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,449
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $613
Net Operating Income $835
Debt Service
Mortgage Payment $1,613
Net Cash Flow -$778

Cap Rate

2.58%

Acquistion Costs

Down Payment $77,760
Land Transfer Tax $5,776
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $85,536

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $77,760 - - - - - - - - -
Closing Costs $7,776 - - - - - - - - -
Mortgage Paydown $4,839$5,072$5,315$5,571$5,839$6,119$6,413$6,722$7,045$7,383
Total $90,375$5,072$5,315$5,571$5,839$6,119$6,413$6,722$7,045$7,383
Cash Invested $90,375$95,447$100,763$106,334$112,173$118,293$124,707$131,429$138,474$145,858
Rental Cash Flows
Rent and other income $17,392$17,913$18,451$19,004$19,574$20,162$20,766$21,389$22,031$22,692
Operating Expenses -$7,367-$7,532-$7,701-$7,874-$8,051-$8,232-$8,418-$8,608-$8,802-$9,001
Mortgage Payment -$19,366-$19,366-$19,366-$19,366-$19,366-$19,366-$19,366-$19,366-$19,366-$19,366
Net Cash Flow -$9,341-$8,984-$8,616-$8,236-$7,843-$7,437-$7,017-$6,584-$6,136-$5,674
Returns
Property Price Appreciation $19,440$20,411$21,432$22,504$23,629$24,810$26,051$27,354$28,721$30,157
Mortgage Paydown $4,839$5,072$5,315$5,571$5,839$6,119$6,413$6,722$7,045$7,383
Net Cash Flow -$9,341-$8,984-$8,616-$8,236-$7,843-$7,437-$7,017-$6,584-$6,136-$5,674
Total Return $14,938$16,499$18,131$19,839$21,625$23,493$25,447$27,491$29,630$31,867
Cumulative Return $14,938$31,437$49,568$69,408$91,033$114,527$139,975$167,467$197,097$228,964
Investment Metrics
Cumulative ROI 16.5% 32.9% 49.2% 65.3% 81.2% 96.8% 112.2% 127.4% 142.3% 157.0%
Cash On Cash -10.3% -9.4% -8.6% -7.7% -7.0% -6.3% -5.6% -5.0% -4.4% -3.9%
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Location of 909-1191 Sunset Drive, Kelowna, BC, V1Y 0J4

Demographic Information of 909-1191 Sunset Drive, Kelowna, BC, V1Y 0J4

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$124,055.65

Average Number of Children

1.45

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.13 %

High school certificate or equivalent

29.65 %

Apprenticeship trade certificate/diploma

11.35 %

College/non-university certificate

22.14 %

University certificate (below bachelor)

1.43 %

University Degree

26.3 %

Commuter

Travel To Work

By Car

68.21 %

By Public Transit

1.9 %

By Walking

21.0 %

By Bicycle

3.98 %

By Other Methods

4.91 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

77.45 %

Houses

22.55 %

Own Vs. Rent

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