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British Columbia
West Kelowna
2490 Tuscany Drive Unit# 24

$684,900

3 Beds

3 Baths

1476 FEETSQ sqft

QuickQuote^TM: $622K - $757K

West Kelowna BC, V4T 3M4

MLS® # 10332909

Property Information:

Well-priced townhome in Shannon Lake’s sought-after Era community. This 3 bedroom, 3-bathroom home offers 1476 sqft of living space. The kitchen features a gas stove, island, and stainless steel appliances, with a balcony off the kitchen. The living room, with an electric fireplace as its featured focal point, offers a cozy space for relaxation. The primary bedroom, located on the upstairs level, includes a walk-in closet and ensuite. Upstairs also features a spacious bathroom, the second bedroom and laundry. The lower level offers a 3rd bedroom and access to the fenced yard and garage. Enjoy easy living in this boutique community, just minutes from Shannon Lake, the golf course, and West Kelowna’s shops and restaurants. (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Construction Style - Attachment: Attached
Exterior Finish: Other
Fire Protection:
Fireplace Fuel: Electric
Fireplace Type: Unknown
Floor Space: 1476 sqft
Flooring Type: Carpeted, Laminate, 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

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 3
Half Bathrooms: 1
Amenities Nearby: Golf Nearby, Park
Built in: 2017
Community Features: Family Oriented
Features: Central island
Fence Type: Fence
Floor Space (approx): 1476 Square Feet
Landscape Features: Landscaped
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Attached garage
No. of Parking Spaces: 2

Rooms:

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

Courtesy of: RE/MAX Kelowna

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Potential Investment Performance

Cumulative ROI

54.7%

Cumulative Market Appreciation

$104,856

Net Operating Income in Year 5

$27,186

Cash on Cash Return in Year 5

-3.6%

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 %	$136,980
Mortgage Amount	$547,920
Mortgage Payment %	$2,842

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,790

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$809
Net Operating Income	$1,981

Debt Service
Mortgage Payment	$2,842

Net Cash Flow	-$860

Cap Rate

3.47%

Acquistion Costs

Down Payment $136,980

Land Transfer Tax $11,698

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $150,678

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	$136,980	-	-	-	-	-	-	-	-	-
Closing Costs	$13,698	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,525	$8,934	$9,364	$9,814	$10,286	$10,780	$11,298	$11,841	$12,410	$13,007
Total	$159,203	$8,934	$9,364	$9,814	$10,286	$10,780	$11,298	$11,841	$12,410	$13,007
Cash Invested	$159,203	$168,137	$177,502	$187,316	$197,602	$208,382	$219,681	$231,522	$243,933	$256,940

Rental Cash Flows
Rent and other income	$33,491	$34,496	$35,531	$36,597	$37,695	$38,826	$39,990	$41,190	$42,426	$43,699
Operating Expenses	-$9,708	-$9,947	-$10,192	-$10,444	-$10,702	-$10,966	-$11,238	-$11,516	-$11,802	-$12,094
Mortgage Payment	-$34,115	-$34,115	-$34,115	-$34,115	-$34,115	-$34,115	-$34,115	-$34,115	-$34,115	-$34,115
Net Cash Flow	-$10,331	-$9,566	-$8,776	-$7,962	-$7,122	-$6,255	-$5,362	-$4,441	-$3,490	-$2,510

Returns
Property Price Appreciation	$19,793	$20,365	$20,954	$21,559	$22,182	$22,823	$23,483	$24,162	$24,860	$25,578
Mortgage Paydown	$8,525	$8,934	$9,364	$9,814	$10,286	$10,780	$11,298	$11,841	$12,410	$13,007
Net Cash Flow	-$10,331	-$9,566	-$8,776	-$7,962	-$7,122	-$6,255	-$5,362	-$4,441	-$3,490	-$2,510
Total Return	$17,986	$19,734	$21,541	$23,412	$25,346	$27,348	$29,419	$31,562	$33,780	$36,075
Cumulative Return	$17,986	$37,720	$59,262	$82,674	$108,021	$135,369	$164,789	$196,352	$230,132	$266,208

Investment Metrics
Cumulative ROI	11.3%	22.4%	33.4%	44.1%	54.7%	65.0%	75.0%	84.8%	94.3%	103.6%
Cash On Cash	-6.5%	-5.7%	-4.9%	-4.3%	-3.6%	-3.0%	-2.4%	-1.9%	-1.4%	-1.0%