For Sale · Specialty

415 Commonwealth Road Unit# 222, Kelowna

415 Commonwealth Road Unit# 222, Kelowna, BC V4V1P4

$229,900 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

2004

About this property

Why vacation when you can live the resort lifestyle every day? Welcome to #222 at Holiday Park Resort, a charming 1-bedroom, 1-bath mobile home offering an easy, low-maintenance way to enjoy the Okanagan lifestyle. The home features a comfortable and functional layout with everything you need for full-time living or your own Okanagan getaway. Enjoy your own private space while having an incredible collection of resort amenities just outside your door. Asphalt roof in 2024, central conditioning; Fully landscaped with irrigation, hot water on demand, Salt-less water softener, ""Okanagan Room"" with updated roof perfectly expands the living area for the Spring, Summer and Fall Seasons. At Holiday Park Resort, there is always something to do. Spend sunny afternoons at the pools, relax in the hot tubs, play a round on the golf course, meet friends for pickleball or shuffleboard, or stay active in the gym. The resort also offers a games room, library, sauna, billiards, organized dinners and dances, and plenty of opportunities to connect with the community. When you do not feel like cooking, head to Thyme at Ellison Lake for breakfast, lunch, or dinner, or stop by Up Front Market for everyday conveniences. With easy access to the Rail Trail and close proximity to lakes, wineries, additional golf courses, shopping, Kelowna International Airport, and everything the Okanagan has to offer, the location makes getting out and exploring just as easy. (id:66811)

Financial sandbox

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Estimate
Purchase price$230K
Down payment30% · $69K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$18K

Annual cash flow

$5K

Cash-on-cash

7.79%

DSCR

1.42

Going-in cap

7.88%

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

61,997

Households

24,427

Median income

$111,000

Median age

44.9

Daytime population

99,749

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 415 Commonwealth Road Unit# 222, 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.