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British Columbia
West Kelowna
2161 Upper Sundance Drive Unit# 9

$699,000

2161 Upper Sundance Drive Unit# 9, West Kelowna, British Columbia, V4T 3M9

QuickQuote^TM: Not Available

MLS® # 10328734

2 Beds

2 Baths

Property Information:

Welcome to Camber Heights, a distinctive boutique condominium that offers maintenance-free living with no stairs and breathtaking views, all within a prestigious development. This generous residence features 2 bedrooms plus a den, 2 bathrooms, and over 1,400 square feet of living space, all on a single level. You will love the high-end finishes throughout, including quartz countertops, hardwood flooring, and an upgraded ""Chef's Package"" featuring KitchenAid appliances, a gas stove, pot filler, and a wine fridge. The primary bedroom includes a decorative fireplace, a walk-in closet, and an ensuite bathroom with double sinks. Large windows flood the home with natural light and showcase stunning mountain and valley views. Enjoy your expansive covered patio, equipped with a heater to extend your enjoyment during cooler months. Located adjacent to parkland with walking trails, you can explore the natural beauty of West Kelowna. Experience quality living with a harmonious connection to the outdoors. This home is priced below assessed value, vacant and move in ready! (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Construction Style - Attachment: Attached
Exterior Finish:
Fire Protection:
Fireplace Fuel: Electric, Gas
Fireplace Type: Unknown, Unknown
Flooring Type: Carpeted, Hardwood, Tile
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Central air conditioning
Appliances: Refrigerator, Dishwasher, Dryer, Range - Gas, Microwave, Washer, Wine Fridge

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Built in: 2019
Community Features: Pets Allowed, Pet Restrictions, Pets Allowed With Restrictions
Features: Central island
MaintenanceFee Type: Insurance, Property Management, Other, See Remarks
Storage Type: Storage, Locker
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 2

Rooms:

Bathroom Main Level 12'5'' x 6'4''
Primary Bedroom Main Level 12'4'' x 16'2''
Kitchen Main Level 13'1'' x 12'9''
Living Main Level 15'9'' x 11'
Dining Main Level 15'10'' x 10'7''
Bathroom Main Level 10' x 5'
Den Main Level 12'3'' x 11'9''
Bedroom Main Level 10' x 14'1''
Foyer Main Level 5'4'' x 8'4''

Courtesy of: Coldwell Banker Horizon Realty

More Detail

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Potential Investment Performance

Cumulative ROI

88.0%

Cumulative Market Appreciation

$193,120

Net Operating Income in Year 5

$23,697

Cash on Cash Return in Year 5

-5.6%

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 %	$139,800
Mortgage Amount	$559,200
Mortgage Payment %	$2,901

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,501

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$776
Net Operating Income	$1,724

Debt Service
Mortgage Payment	$2,901

Net Cash Flow	-$1,176

Cap Rate

2.96%

Acquistion Costs

Down Payment $139,800

Land Transfer Tax $11,980

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $153,780

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	$139,800	-	-	-	-	-	-	-	-	-
Closing Costs	$13,980	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,700	$9,118	$9,557	$10,016	$10,497	$11,002	$11,531	$12,085	$12,666	$13,275
Total	$162,480	$9,118	$9,557	$10,016	$10,497	$11,002	$11,531	$12,085	$12,666	$13,275
Cash Invested	$162,480	$171,599	$181,156	$191,172	$201,670	$212,672	$224,203	$236,289	$248,955	$262,230

Rental Cash Flows
Rent and other income	$30,013	$30,913	$31,840	$32,796	$33,779	$34,793	$35,837	$36,912	$38,019	$39,160
Operating Expenses	-$9,314	-$9,540	-$9,773	-$10,011	-$10,255	-$10,505	-$10,762	-$11,025	-$11,295	-$11,572
Mortgage Payment	-$34,817	-$34,817	-$34,817	-$34,817	-$34,817	-$34,817	-$34,817	-$34,817	-$34,817	-$34,817
Net Cash Flow	-$14,118	-$13,444	-$12,749	-$12,032	-$11,292	-$10,529	-$9,742	-$8,930	-$8,093	-$7,229

Returns
Property Price Appreciation	$34,950	$36,697	$38,532	$40,458	$42,481	$44,606	$46,836	$49,178	$51,637	$54,218
Mortgage Paydown	$8,700	$9,118	$9,557	$10,016	$10,497	$11,002	$11,531	$12,085	$12,666	$13,275
Net Cash Flow	-$14,118	-$13,444	-$12,749	-$12,032	-$11,292	-$10,529	-$9,742	-$8,930	-$8,093	-$7,229
Total Return	$29,531	$32,371	$35,339	$38,442	$41,686	$45,078	$48,624	$52,332	$56,209	$60,264
Cumulative Return	$29,531	$61,903	$97,242	$135,685	$177,372	$222,450	$271,075	$323,408	$379,617	$439,882

Investment Metrics
Cumulative ROI	18.2%	36.1%	53.7%	71.0%	88.0%	104.6%	120.9%	136.9%	152.5%	167.7%
Cash On Cash	-8.7%	-7.8%	-7.0%	-6.3%	-5.6%	-5.0%	-4.3%	-3.8%	-3.3%	-2.8%