$749,000

4 Beds

3 Baths

2234 FEETSQ sqft

QuickQuote^TM: $706K - $843K

2250 Linea Crescent, Lumby, BC, V0E 2G0

Lumby BC, V0E 2G0

MLS® # 10338032

Property Information:

This beautifully updated four-bedroom, three-bathroom home represents an exceptional opportunity for families seeking a welcoming environment. The open floor plan, enhanced by the stunning new kitchen cabinets and elegant granite countertops, is sure to impress. The inclusion of stainless steel appliances and thoughtful plumbing for a refrigerator adds convenience and modernity to the space. The recent renovations, including fresh paint and new flooring throughout, provide a clean and inviting atmosphere. The main bathroom's new skylight, toilet, sink, and taps further elevate the home's appeal. Additionally, the upgrades in the kitchen with new sliding glass doors and a window above the sink allow for ample natural light. The outdoor features are equally impressive, with three apple trees and raised garden beds that offer potential for gardening enthusiasts. The newly installed fencing, patio, railings on the sundeck, and deck covering create an ideal setting for outdoor gatherings or relaxation. With a new roof ensuring durability and maintenance ease, this property is not only visually appealing but also practical. Its location within walking distance to schools, recreational facilities, and shopping makes it particularly desirable for families. Given its current vacancy status, showing this beautiful home is straightforward—an opportunity not to be missed!

Property Features:

Bedrooms: 4
Bathrooms: 3
Annual Tax Amount: $3,274
Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
Architectural Style: Two Story
Built in: 1993
Construction Materials: Vinyl Siding, Wood Frame
Cooling: Central Air
Exterior Features: Private Yard
Floor Space (approx): 2234 Square Feet
Flooring: Ceramic Tile, Vinyl
Heating: Forced Air, Natural Gas
Lot Size: 0.18 Acres
Parking Features: Attached, Garage
Roof: Asphalt, Shingle
View: Mountain(s)
Water Source: Public
Sewer: Public Sewer
No. of Parking Spaces: 3

Rooms:

Bedroom Main Level 3.79 m x 2.84 m
Family Room Main Level 6.68 m x 3.51 m
Bedroom 2nd Level 3.40 m x 3.33 m
Primary Bedroom 2nd Level 4.27 m x 3.61 m
Laundry Main Level 1.47 m x 2.01 m
Bathroom Main Level 2.59 m x 1.55 m
Bathroom 2nd Level 2.13 m x 1.50 m
Living 2nd Level 4.65 m x 8.23 m
Recreation Room Main Level 3.73 m x 3.94 m
Foyer Main Level 2.29 m x 2.21 m
Bedroom 2nd Level 3.30 m x 2.80 m
Ensuite Bathroom 2nd Level 1.62 m x 1.50 m
Kitchen 2nd Level 4.88 m x 2.84 m

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Notes:

Sally Andres

Personal Real Estate Corporation Royal LePage Downtown Realty *

Mobile:250.503.8157

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Potential Investment Performance

Cumulative ROI

113.8%

Cumulative Market Appreciation

$206,934

Net Operating Income in Year 5

$37,302

Cash on Cash Return in Year 5

-0.1%

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 %	$149,800
Mortgage Amount	$599,200
Mortgage Payment %	$3,108

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,636

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$909
Net Operating Income	$2,727

Debt Service
Mortgage Payment	$3,108

Net Cash Flow	-$381

Cap Rate

4.37%

Acquistion Costs

Down Payment $149,800

Land Transfer Tax $12,980

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $164,780

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	$149,800	-	-	-	-	-	-	-	-	-
Closing Costs	$14,980	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$9,322	$9,770	$10,240	$10,732	$11,248	$11,789	$12,356	$12,949	$13,572	$14,224
Total	$174,102	$9,770	$10,240	$10,732	$11,248	$11,789	$12,356	$12,949	$13,572	$14,224
Cash Invested	$174,102	$183,873	$194,114	$204,847	$216,095	$227,885	$240,241	$253,191	$266,763	$280,988

Rental Cash Flows
Rent and other income	$43,637	$44,947	$46,295	$47,684	$49,114	$50,588	$52,105	$53,669	$55,279	$56,937
Operating Expenses	-$10,912	-$11,189	-$11,473	-$11,764	-$12,063	-$12,370	-$12,686	-$13,009	-$13,341	-$13,682
Mortgage Payment	-$37,307	-$37,307	-$37,307	-$37,307	-$37,307	-$37,307	-$37,307	-$37,307	-$37,307	-$37,307
Net Cash Flow	-$4,582	-$3,550	-$2,485	-$1,388	-$257	$909	$2,111	$3,351	$4,629	$5,946

Returns
Property Price Appreciation	$37,450	$39,322	$41,288	$43,353	$45,520	$47,796	$50,186	$52,695	$55,330	$58,097
Mortgage Paydown	$9,322	$9,770	$10,240	$10,732	$11,248	$11,789	$12,356	$12,949	$13,572	$14,224
Net Cash Flow	-$4,582	-$3,550	-$2,485	-$1,388	-$257	$909	$2,111	$3,351	$4,629	$5,946
Total Return	$42,190	$45,543	$49,043	$52,697	$56,512	$60,495	$64,654	$68,997	$73,532	$78,268
Cumulative Return	$42,190	$87,733	$136,777	$189,474	$245,987	$306,482	$371,137	$440,134	$513,666	$591,935

Investment Metrics
Cumulative ROI	24.2%	47.7%	70.5%	92.5%	113.8%	134.5%	154.5%	173.8%	192.6%	210.7%
Cash On Cash	-2.6%	-1.9%	-1.3%	-0.7%	-0.1%	0.4%	0.9%	1.3%	1.7%	2.1%