For Sale · Specialty

4205 Gellatly Road Unit# 304, West Kelowna

4205 Gellatly Road Unit# 304, West Kelowna, BC V4T2K2

$569,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

88%

Year Built

2006

About this property

PRICE BELOW BC ASSESSMENT! BEST BUY for a LAKE VIEW SUITE in the COVE! Picture yourself waking up to a breathtaking sunrise as you sip your morning coffee on your expansive covered balcony, all while soaking in the stunning views of the LAKE. Marvel at the panoramic scenery, featuring horse pastures, Mt. Boucherie, and the picturesque Gellatly Bay. This rare floor plan offers a thoughtfully designed split bedroom layout, with a spacious primary bedroom featuring its own private deck. The second bedroom comes with a convenient cheater 5pc ensuite. The open concept living space encompasses a full kitchen, dining area, and living room, creating the perfect setting for entertainment. Step through French double doors that lead to a second covered deck, enhancing the indoor-outdoor living experience. The kitchen is a chef's delight, boasting granite countertops, maple cabinetry, and NEWER appliances. #304 participates in the professionally managed hotel rental pool. A seamless program that has shown strong success with consistent year-over-year revenue growth! Enjoy access to world-class amenities such as pools, hot tubs, a sandy beach, marina, community park, spa, the acclaimed Landing Restaurant, wineries, lake activities, tennis, golf, and more. Situated on irreplaceable Lakefront acreage, this property includes a private beach adjacent to a historic nut farm. Your rare chance to own an upscale fully furnished condo in the Cove. Indulge in the ultimate lifestyle! (id:66811)

Financial sandbox

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Estimate
Purchase price$569K
Down payment30% · $171K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$115

Cash-on-cash

0.07%

DSCR

1.00

Going-in cap

5.56%

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

136,871

Households

56,188

Median income

$97,500

Median age

45.9

Daytime population

140,152

5-yr growth

7.2%

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

Secure deal room

Confidential diligence documents for 4205 Gellatly Road Unit# 304, West 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.