For Sale · Specialty

415 Commonwealth Road Lot# 239, Kelowna

415 Commonwealth Road Lot# 239, Kelowna, BC v4v1p4

$687,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

83%

Lot Size

0.1 ac

About this property

Welcome to one of the nicest lakefront lots at Holiday Park Resort! This exceptional 4,300 sq. ft. leased lot offers a rare combination of privacy, outdoor living, and year-round resort lifestyle along beautiful Ellison Lake. Featuring a 2046 lease, this prime waterfront property is thoughtfully designed for enjoying every season. The impressive 14' x 30' deck creates an incredible outdoor living space, complete with an amazing covered outdoor kitchen—perfect for entertaining family and friends. Two lakeside pergolas feature lighting and privacy screens, creating inviting spaces to relax and take in the lake views. An outdoor bath house with hot water on demand adds convenience and functionality. The spacious lot also offers a large grass area, abundant storage, mature maple trees, and a stunning willow tree that adds character and charm. Enjoy direct access to an incredible array of resort amenities including pickleball, a 6-hole golf course, fitness centre, indoor and outdoor pools, hot tubs, and Thyme Restaurant. Located just minutes from the Okanagan Rail Trail for biking and hiking, with easy access to nearby breweries, wineries, and YLW Airport, this property is ideally situated for recreation and convenience. Annual maintenance fee is $5,783. With no property transfer tax, this is a fantastic opportunity to own a piece of the Okanagan lakefront lifestyle and enjoy everything Holiday Park Resort has to offer. (id:66811)

Financial sandbox

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Estimate
Purchase price$687K
Down payment30% · $206K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$37K

Annual cash flow

$-1K

Cash-on-cash

-0.63%

DSCR

0.97

Going-in cap

5.35%

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

122,737

Households

51,732

Median income

$127,500

Median age

36.6

Daytime population

126,906

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 415 Commonwealth Road Lot# 239, 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.