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British Columbia
West Kelowna
2835 Canyon Crest Drive Unit# 16

$699,900

2835 Canyon Crest Drive Unit# 16, West Kelowna, British Columbia, V4T 0E3

QuickQuote^TM: Not Available

MLS® # 10337061

3 Beds

3 Baths

938 FEETSQ sqft

MULTIMEDIA

Open House

Sat Mar. 15 12:00 PM - 3:00 PM
Sun Mar. 16 12:00 PM - 3:00 PM

Property Information:

**EDGE VIEW AT TALLUS RIDGE SHOWHOME OPEN SAT & SUN 12-3PM** The best value new townhomes in West Kelowna! Home #16 is MOVE-IN READY and is the best priced in the community! This 3-storey walkup inside home features approx 1608 sqft, 3 bedrooms, 3 bathrooms, yard/patio, double car tandem garage and $13,500 in included upgrades. The main living floor features 9' ceilings, vinyl flooring, an open concept kitchen with pantry, premium quartz counters, slide-in gas range stove, stainless steel dishwasher and refrigerator. Upstairs is the spacious primary & ensuite, 2 additional bedrooms, a bathroom and laundry. Advanced noise canceling Logix ICF blocks built in the party walls for superior insulation. 1-2-5-10 year NEW HOME WARRANTY, meets step 3 of BC's Energy Step Code. Quick 5 min drive to West Kelowna's shopping, restaurants and entertainment. Close to top rated schools. Walk to Shannon Lake and the golf course. Plus, plenty of walking and biking trails nearby. Take advantage of BC's expanded property tax exemption - an additional $11,998 in savings. Listing photos of a similar home at Edge View, not exact. (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Architectural Style: Other
Construction Style - Attachment: Attached
Exterior Finish: Brick
Floor Space: 938 sqft
Flooring Type: Carpeted, Vinyl
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Forced air
Cooling Type: Central air conditioning
Appliances: Refrigerator, Dishwasher, Dryer, Range - Gas, Washer

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 3
Half Bathrooms: 1
Built in: 2024
Community Features: Pets Allowed With Restrictions
Fence Type: Fence
Floor Space (approx): 938 Square Feet
View Type: Lake view, Mountain view
Zoning Type: Unknown
Sewer: Municipal sewage system
Parking Type: Attached garage
No. of Parking Spaces: 2

Rooms:

Kitchen 2nd Level 17'6'' x 15'
Bathroom 2nd Level Measurements not available
Living 2nd Level 12'11'' x 14'0''
Dining 2nd Level 10'6'' x 10'9''
Bathroom 3rd Level Measurements not available
Bathroom 3rd Level Measurements not available
Primary Bedroom 3rd Level 13'10'' x 13'7''
Bedroom 3rd Level 8'2'' x 10'2''
Bedroom 3rd Level 8'2'' x 12'11''
Foyer Main Level 10' x 10'

Courtesy of: RE/MAX Kelowna

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Potential Investment Performance

Cumulative ROI

95.8%

Cumulative Market Appreciation

$193,369

Net Operating Income in Year 5

$27,108

Cash on Cash Return in Year 5

-3.9%

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 %	$139,980
Mortgage Amount	$559,920
Mortgage Payment %	$2,905

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	$815
Net Operating Income	$1,975

Debt Service
Mortgage Payment	$2,905

Net Cash Flow	-$929

Cap Rate

3.39%

Acquistion Costs

Down Payment $139,980

Land Transfer Tax $11,998

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $153,978

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	$139,980	-	-	-	-	-	-	-	-	-
Closing Costs	$13,998	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,711	$9,130	$9,569	$10,029	$10,511	$11,016	$11,546	$12,100	$12,682	$13,292
Total	$162,689	$9,130	$9,569	$10,029	$10,511	$11,016	$11,546	$12,100	$12,682	$13,292
Cash Invested	$162,689	$171,820	$181,389	$191,418	$201,930	$212,946	$224,492	$236,593	$249,276	$262,568

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	-$9,780	-$10,021	-$10,267	-$10,520	-$10,780	-$11,046	-$11,319	-$11,599	-$11,886	-$12,181
Mortgage Payment	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862	-$34,862
Net Cash Flow	-$11,151	-$10,386	-$9,598	-$8,785	-$7,947	-$7,082	-$6,190	-$5,270	-$4,322	-$3,344

Returns
Property Price Appreciation	$34,995	$36,744	$38,581	$40,511	$42,536	$44,663	$46,896	$49,241	$51,703	$54,288
Mortgage Paydown	$8,711	$9,130	$9,569	$10,029	$10,511	$11,016	$11,546	$12,100	$12,682	$13,292
Net Cash Flow	-$11,151	-$10,386	-$9,598	-$8,785	-$7,947	-$7,082	-$6,190	-$5,270	-$4,322	-$3,344
Total Return	$32,555	$35,488	$38,552	$41,754	$45,100	$48,597	$52,252	$56,071	$60,063	$64,236
Cumulative Return	$32,555	$68,044	$106,596	$148,351	$193,452	$242,049	$294,301	$350,373	$410,437	$474,673

Investment Metrics
Cumulative ROI	20.0%	39.6%	58.8%	77.5%	95.8%	113.7%	131.1%	148.1%	164.7%	180.8%
Cash On Cash	-6.9%	-6.0%	-5.3%	-4.6%	-3.9%	-3.3%	-2.8%	-2.2%	-1.7%	-1.3%