For Sale · Specialty

415 Commonwealth Road Unit# 34, Kelowna

415 Commonwealth Road Unit# 34, Kelowna, BC V4V1P4

$95,000 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

91%

Lot Size

0.04 ac

About this property

Welcome home to the gated community of Holiday Park Resort in Lake Country. Private and secluded Standard lot is near the front gates. This is a smaller beautiful pie shaped lot surrounded by healthy and manicured cedars with each tree individually irrigated. Relax in your private yard that features timed irrigation to keep your lawn green. A trellis archway that is covered in grapevines, will lead you through the cedars to the walkway which leads to the outdoor pool, shuffleboard, Rec center with Indoor pool, and then eventually the Golf Course. The outdoor lap pool is at the end of the street where you can participate in a game of water volleyball on a hot summer day. Enjoy all the amenities that Holiday Park Resort has to offer - golf course, pools, hot tubs, pickleball court, gym, library, games room, coin laundry, hair salon, plus so much more. The Rail Trail is easily accessible for long bike rides or walking. The lease goes to 2046. The lease is registered with the Federal Government. The Annual Maintenance Fee for 2026 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. There is no Property Transfer Tax. Long and short term rentals allowed. (id:66811)

Financial sandbox

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Estimate
Purchase price$95K
Down payment30% · $29K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$439

Projected NOI

$6K

Annual cash flow

$623

Cash-on-cash

2.19%

DSCR

1.12

Going-in cap

6.20%

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

105,452

Households

44,733

Median income

$62,500

Median age

39.6

Daytime population

160,629

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 415 Commonwealth Road Unit# 34, 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.