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$1,100,000

2032 Sunview Drive, West Kelowna, BC, V1Z 3C2

QuickQuoteTM: Not Available
MLS® # 10322780

4 Beds

3 Baths

2749 FEETSQ sqft

Property Information:

Looking for something unique with loads of style...and want to be close to the city? Look no further! Built by an owner builder, this home shows immense care to the detail of design and finishing. It begins with a grand foyer that is lit with a fabulous chandelier and has an office/bedroom adjacent. This opens to a great room with both the family and dining rooms having 7' double sliding glass doors to the private patio. The dining room can host almost any sized table and the patio adjacent is wired for a hot tub and plumbed for a gas barbecue. The main floor living room has soaring vaulted ceilings that are open to an upstairs family room connecting these living spaces. The modern kitchen is massive with an island that is overhung for guests seating. No upper cabinets add to the feeling of spaciousness. A chef's dream with walk-in pantry, granite counters, wine fridge, double door industrial fridge, vegetable sink, 5 burner gas stove with electric oven and all on hand scraped floors. This floor also provides access to the double garage through a mud room with a storage room off of it. Upstairs is equally as spacious with the family room, three bedrooms and a main bath. The master is huge with a walk-in closet and 5 piece ensuite with jetted tub, 2 person shower and his/her sinks on a granite counter. All of the upstairs have 9' ceilings and 8' doors. The windows throughout are tinted for privacy and shade. This home was built with purpose and it shows everywhere you look!!

Property Features:

  • Bedrooms: 4
  • Bathrooms: 3
  • Annual Tax Amount: $4,417
  • Built in: 2015
  • Construction Materials: Stucco, Wood Frame
  • Cooling: Central Air
  • Floor Space (approx): 2749 Square Feet
  • Heating: Natural Gas
  • Lot Size: 0.21 Acres
  • Parking Features: Additional Parking, Attached, Garage
  • Roof: Asphalt, Shingle
  • Water Source: Irrigation District
  • Sewer: Public Sewer

Rooms:

  • Bedroom Main Level 3.43 m x 2.74 m
  • Foyer Main Level 2.59 m x 2.44 m
  • Bedroom 2nd Level 3.86 m x 2.74 m
  • Bedroom 2nd Level 4.24 m x 2.95 m
  • Bathroom 2nd Level 3.20 m x 1.83 m
  • Laundry 2nd Level 2.34 m x 1.83 m
  • Other 2nd Level 2.69 m x 1.90 m
  • Ensuite Bathroom 2nd Level 3.45 m x 2.26 m
  • Primary Bedroom 2nd Level 5.18 m x 4.57 m
  • Family Room 2nd Level 5.08 m x 3.48 m
  • Storage Main Level 1.85 m x 1.68 m
  • Mudroom Main Level 2.29 m x 2.03 m
  • Pantry Main Level 2.59 m x 1.68 m
  • Kitchen Main Level 5.54 m x 4.57 m
  • Dining Main Level 4.57 m x 3.05 m
  • Living Main Level 5.03 m x 4.72 m
  • Bathroom Main Level 2.69 m x 2.03 m

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This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

98.7%

Cumulative Market Appreciation

$303,909

Net Operating Income in Year 5

$44,478

Cash on Cash Return in Year 5

-3.3%

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
%
$220,000
Mortgage Amount $880,000
Mortgage Payment
%
$4,565

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $4,352
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $1,101
Net Operating Income $3,251
Debt Service
Mortgage Payment $4,565
Net Cash Flow -$1,314

Cap Rate

3.55%

Acquistion Costs

Down Payment $220,000
Land Transfer Tax $20,000
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $242,000

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $220,000 - - - - - - - - -
Closing Costs $22,000 - - - - - - - - -
Mortgage Paydown $13,691$14,349$15,039$15,762$16,520$17,314$18,146$19,018$19,932$20,890
Total $255,691$14,349$15,039$15,762$16,520$17,314$18,146$19,018$19,932$20,890
Cash Invested $255,691$270,041$285,081$300,843$317,364$334,678$352,824$371,842$391,775$412,666
Rental Cash Flows
Rent and other income $52,228$53,795$55,408$57,071$58,783$60,546$62,363$64,234$66,161$68,145
Operating Expenses -$13,215-$13,549-$13,893-$14,245-$14,606-$14,977-$15,358-$15,748-$16,149-$16,561
Mortgage Payment -$54,791-$54,791-$54,791-$54,791-$54,791-$54,791-$54,791-$54,791-$54,791-$54,791
Net Cash Flow -$15,778-$14,546-$13,275-$11,965-$10,614-$9,222-$7,786-$6,306-$4,780-$3,207
Returns
Property Price Appreciation $55,000$57,749$60,637$63,669$66,852$70,195$73,705$77,390$81,260$85,323
Mortgage Paydown $13,691$14,349$15,039$15,762$16,520$17,314$18,146$19,018$19,932$20,890
Net Cash Flow -$15,778-$14,546-$13,275-$11,965-$10,614-$9,222-$7,786-$6,306-$4,780-$3,207
Total Return $52,913$57,553$62,401$67,466$72,758$78,287$84,065$90,102$96,412$103,006
Cumulative Return $52,913$110,466$172,868$240,334$313,092$391,380$475,445$565,548$661,961$764,967
Investment Metrics
Cumulative ROI 20.7% 40.9% 60.6% 79.9% 98.7% 116.9% 134.8% 152.1% 169.0% 185.4%
Cash On Cash -6.2% -5.4% -4.7% -4.0% -3.3% -2.8% -2.2% -1.7% -1.2% -0.8%
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Location of 2032 Sunview Drive, West Kelowna, BC, V1Z 3C2

Demographic Information of 2032 Sunview Drive, West Kelowna, BC, V1Z 3C2

Life Stage

Growing Families

Employment Type

Mixed

Average Household Income

$141,855.87

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.87 %

High school certificate or equivalent

36.62 %

Apprenticeship trade certificate/diploma

10.78 %

College/non-university certificate

22.64 %

University certificate (below bachelor)

1.61 %

University Degree

19.48 %

Commuter

Travel To Work

By Car

95.67 %

By Public Transit

0.0 %

By Walking

1.59 %

By Bicycle

0.0 %

By Other Methods

2.74 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

Own Vs. Rent