For Sale · Specialty

2450 Radio Tower Road Road Unit# 129, Oliver

2450 Radio Tower Road Road Unit# 129, Oliver, BC V0H1T1

$889,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

84%

Year Built

2016

Lot Size

0.09 ac

About this property

A One-of-a-Kind Cottage at The Cottages on Lake Osoyoos! This exceptional 3-BDR, 3-BATH cottage with loft offers a custom-built main-floor primary suite and an impressive array of upgrades. The chef’s kitchen and open living area create a spacious great room featuring a custom fireplace with media hub, soaring open-beam cathedral ceiling and an upstairs loft office overlooking the living area. Enjoy year-round comfort in the insulated sunroom with a proper exterior door. The upgraded kitchen features GE Cafe appliances, quartz countertops, a built-in Keurig coffee maker in the fridge, true self-cleaning oven and warmer drawer. The primary suite offers a walk-in shower with rain head. Additional features include no carpet throughout, LED lighting with dimmer switches, laundry room sink, extra-large hot water tank, central vacuum and water softener. Outside, enjoy an extra-large patio and extended driveway with parking for up to four vehicles and home complete with gutters on north side at entryways. The pie-shaped lot provides generous space within your property lines, creating excellent privacy and separation from neighbouring cottages. Ideally located close to the lake and clubhouse, yet far enough from the main pathway and green space to enjoy a quieter setting away from the summer activity. A truly special cottage offering comfort, privacy and exceptional upgrades in one of Osoyoos’ sought-after lakefront communities. (id:66811)

Financial sandbox

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Estimate
Purchase price$890K
Down payment30% · $267K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$44K

Annual cash flow

$-5K

Cash-on-cash

-1.81%

DSCR

0.90

Going-in cap

5.00%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

60,439

Households

25,447

Median income

$93,000

Median age

44.1

Daytime population

58,718

5-yr growth

6.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2450 Radio Tower Road Road Unit# 129, Oliver.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.