For Sale · Specialty

15 PARK Place Unit# 334, Osoyoos

15 PARK Place Unit# 334, Osoyoos, BC V0H1V0

$299,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

98%

Year Built

2009

About this property

Are you looking for a BEACHFRONT SUMMER HOME away from home? You found it!!! PANORAMIC LAKEVIEW Hotel Unit in Watermark Beach Resort on OSOYOOS LAKE, the warmest lake in Canada, in Osoyoos, BC, Canada's only desert climate!! If you are looking for the BEST VIEW in the whole resort, this it IT! Beautiful 1 bedroom + 1 bathroom, fully furnished unit with great LAKEVIEW and MOUNTAINS VIEW. Imagine awakening in the morning with coffee in hand and unobstructed views of Lake Osoyoos and the mountains across the lake. An afternoon golf game or a leisure bike ride followed by a refreshing dip in the lakeside salt water pool or the lake. Dine in at the Wine Bar on site & retire by evening under the stars with your favorite novel & hot tub. Rentals managed by the resort only, 2 pets allowed. Lakeside saltwater pool with slide, x2 hot tubs, on site Wine Bar, exercise room , spa & common BBQ area, secured parking. Great location, steps to the main street shops and restaurants, grocery store, liquor store and steps into the warmest lake in Canada. (id:66811)

Financial sandbox

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Estimate
Purchase price$300K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$24K

Annual cash flow

$7K

Cash-on-cash

7.72%

DSCR

1.42

Going-in cap

7.86%

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

73,537

Households

29,328

Median income

$90,500

Median age

45.3

Daytime population

80,472

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 15 PARK Place Unit# 334, Osoyoos.

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.