For Sale · Land

2241 Rojem Road, Kelowna

2241 Rojem Road, Kelowna, BC V1V2G3

$3.0M total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

96%

Year Built

2004

Lot Size

5.15 ac

About this property

Welcome to 2241 Rojem. Situated on a quiet, private drive you will find the entrance to the most versatile acreage property on the market offering multiple family living spaces. It's massive 4315sq.ft. featuring 5 bedrooms and 5 bathrooms, has undergone a recent major reno from top to bottom using only the best. It's gorgeous kitchen nicely rounds out the open concept so no one is left out. Three generous bedrooms up with ensuites and 2 below that has great suite potential. The huge covered deck gives you a birds eye view of the city and valley below. It also has an indoor, inground pool that has been meticulously maintained and updated affording you the opportunity to keep fit all year round. Newer Bosch appliances, New furnace and A/C in 2019, New water tank and water softener in 2025 and the best 3M window film on all the windows. So much privacy, so much opulence and so much opportunity and all 5 minutes to everywhere. The detached 4 car garage has also undergone some major renovations in 2022. Above the garage is the ultimate space that must be seen to be appreciated. The 7 stall, 2 storage room concreate and timber framed barn will excite anyone with horses or barnyard pets. Like the rest of the property, this 28x48 barn is meticulous and features at least a 500 bail loft. The airport, downtown, the beach, all kinds of shopping as well as Glenmore Recreation Park are all only minutes away. It remarkably checks so many boxes.. You really need to see this property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.00M
Down payment30% · $900K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$147K

Annual cash flow

$-19K

Cash-on-cash

-2.12%

DSCR

0.89

Going-in cap

4.91%

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

78,947

Households

31,190

Median income

$125,000

Median age

39.1

Daytime population

113,281

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 2241 Rojem Road, 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.