For Sale · Specialty

415 Commonwealth Road Unit# 16, Kelowna

415 Commonwealth Road Unit# 16, Kelowna, BC V4V1P4

$185,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

Lot Size

0.05 ac

About this property

Privacy Plus! This Standard designated site is completely fenced in for your added privacy. Located close to the front gate, mailboxes and Upfront Market. With the lap pool steps away, you can enjoy a fun game of water volleyball. The Rail Trail is easily accessible through the exit gate. Enjoy the Okanagan lifestyle sitting on your deck, overlooking your flower garden. The lease goes to 2035 and can be extended to 2046 for an additional cost. The lease is registered with the Federal Government. The 2026 Maintenance Fee is $5186, includes security, water, sewer, use of the amenities, maintenance of the common areas and roads, snow removal and garbage disposal area. Property Taxes are payable to the City of Kelowna. Long and short term rentals allowed. There is no Property Transfer Tax. Enjoy all the amenities available in Holiday Park Resort: pools, hot tubs, pickleball court, golf course, games room, gym, billiards, library, Zumba, hair salon, and more. Thyme at Ellison Lake is open for your dining pleasure. The Upfront Market is available for equipment rentals such as bikes, grocery items and concession, and BBQ burgers and hotdogs for a quick lunch. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$185K
Down payment30% · $56K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$854

Projected NOI

$15K

Annual cash flow

$5K

Cash-on-cash

8.62%

DSCR

1.47

Going-in cap

8.13%

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

75,869

Households

32,873

Median income

$93,500

Median age

43.1

Daytime population

95,148

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 415 Commonwealth Road Unit# 16, Kelowna.

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.