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British Columbia
West Kelowna
7-830 Westview Way

$1,050,000

7-830 Westview Way, West Kelowna, BC, V1Z 0A5

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MLS® # 10336265

5 Beds

3 Baths

2825 FEETSQ sqft

Property Information:

A modern new build designed for style, function, and flexibility - with a legal suite! This stunning home offers a bright, open layout with soaring ceilings and oversized windows that flood the space with natural light. The chef-inspired kitchen features ample counter space, sleek stainless steel appliances, and ample storage -- perfect for hosting or everyday life. With three bedrooms on the same floor, this layout is ideal for families. The primary suite is a retreat, complete with a spacious walk-in closet and an ensuite with a dual vanity. Downstairs, a second living room and a fourth bedroom offer extra room to spread out so that everyone has their own space. Also downstairs is a completely self contained legal one-bedroom suite to provide income potential or multigenerational living options. Designed for low-maintenance living, the exterior landscaping is effortless, and the extra-tall, deep garage is large enough for even the biggest trucks or any of your toys. Located on a quiet no-thru street, this home offers peace and privacy while still being just a short drive to world-class wineries and the energy of downtown. A must-see opportunity to own a beautiful home in a fantastic location!

Property Features:

Bedrooms: 5
Bathrooms: 3
Annual Tax Amount: $5,084
Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Refrigerator, Washer
Architectural Style: Contemporary, Modern
Built in: 2022
Construction Materials: Composite Siding, Stone, Wood Frame
Cooling: Central Air
Exterior Features: Sprinkler/Irrigation
Floor Space (approx): 2825 Square Feet
Flooring: Ceramic Tile, Laminate
Heating: Natural Gas
Lot Size: 0.22 Acres
Parking Features: Attached, Garage
Roof: Asphalt, Shingle
View: Mountain(s), Valley
Water Source: Public
Sewer: Public Sewer
No. of Parking Spaces: 4

Rooms:

Bedroom Basement Level 3.02 m x 3.10 m
Other Main Level 3.02 m x 7.37 m
Bathroom Basement Level 1.70 m x 3.10 m
Primary Bedroom Main Level 5.54 m x 4.78 m
Bedroom Main Level 3.68 m x 3.53 m
Bathroom Main Level 3.68 m x 1.65 m
Kitchen Main Level 3.83 m x 5.11 m
Dining Main Level 3.35 m x 4.55 m
Family Room Main Level 4.75 m x 4.42 m
Bedroom Other level :Lower 4.88 m x 3.10 m
Laundry Other level :Lower 1.80 m x 1.73 m
Other Other level :Lower 1.19 m x 4.32 m
Living Other level :Lower 4.88 m x 4.29 m
Other Main Level 1.85 m x 1.55 m
Other Main Level 1.85 m x 1.55 m
Ensuite Bathroom Main Level 3.33 m x 1.55 m
Other Basement Level 4.98 m x 4.24 m
Bedroom Main Level 3.40 m x 3.53 m

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Notes:

Simon Ward

Personal Real Estate Corporation Royal LePage Kelowna *

Office:250.860.1100

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Riely Rodrigues

Sales Representative Royal LePage Kelowna *

Office:250.860.1100

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Potential Investment Performance

Cumulative ROI

100.6%

Cumulative Market Appreciation

$290,095

Net Operating Income in Year 5

$43,763

Cash on Cash Return in Year 5

-2.9%

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 %	$210,000
Mortgage Amount	$840,000
Mortgage Payment %	$4,358

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	$1,156
Net Operating Income	$3,196

Debt Service
Mortgage Payment	$4,358

Net Cash Flow	-$1,162

Cap Rate

3.65%

Acquistion Costs

Down Payment $210,000

Land Transfer Tax $19,000

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $231,000

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	$210,000	-	-	-	-	-	-	-	-	-
Closing Costs	$21,000	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$13,069	$13,697	$14,356	$15,046	$15,769	$16,527	$17,321	$18,154	$19,026	$19,941
Total	$244,069	$13,697	$14,356	$15,046	$15,769	$16,527	$17,321	$18,154	$19,026	$19,941
Cash Invested	$244,069	$257,767	$272,123	$287,169	$302,938	$319,465	$336,786	$354,941	$373,967	$393,908

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	-$13,875	-$14,223	-$14,579	-$14,945	-$15,320	-$15,706	-$16,101	-$16,507	-$16,923	-$17,350
Mortgage Payment	-$52,300	-$52,300	-$52,300	-$52,300	-$52,300	-$52,300	-$52,300	-$52,300	-$52,300	-$52,300
Net Cash Flow	-$13,948	-$12,729	-$11,471	-$10,175	-$8,838	-$7,460	-$6,039	-$4,573	-$3,063	-$1,505

Returns
Property Price Appreciation	$52,500	$55,124	$57,881	$60,775	$63,814	$67,004	$70,355	$73,872	$77,566	$81,444
Mortgage Paydown	$13,069	$13,697	$14,356	$15,046	$15,769	$16,527	$17,321	$18,154	$19,026	$19,941
Net Cash Flow	-$13,948	-$12,729	-$11,471	-$10,175	-$8,838	-$7,460	-$6,039	-$4,573	-$3,063	-$1,505
Total Return	$51,621	$56,093	$60,765	$65,646	$70,744	$76,071	$81,637	$87,452	$93,529	$99,880
Cumulative Return	$51,621	$107,714	$168,480	$234,126	$304,871	$380,942	$462,579	$550,032	$643,562	$743,443

Investment Metrics
Cumulative ROI	21.2%	41.8%	61.9%	81.5%	100.6%	119.2%	137.4%	155.0%	172.1%	188.7%
Cash On Cash	-5.7%	-4.9%	-4.2%	-3.5%	-2.9%	-2.3%	-1.8%	-1.3%	-0.8%	-0.4%