For Sale · Specialty

7013 Barcelona Drive Unit# 40, Kelowna

7013 Barcelona Drive Unit# 40, Kelowna, BC V1Z3R8

$600,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

Year Built

2017

Lot Size

0.1 ac

About this property

Lakeview home, huge 767sqft garage and long driveway, AND 3 (YES 3!!!) balconies, all with a lake view. Built in 2017, this house has been very well cared for and is ready for new owners. 3 Bedrooms and 2 bathrooms, over 2 levels, with 2 of the bedrooms having private balconies. Fabulous open floor plan with gas fireplace, beautiful white kitchen with gas stove and granite countertops. La Casa is an extraordinary resort lifestyle and is exempt from the AirBNB Ban. Onsite management team for short term rentals or self management is allowed. Amenities include Beaches on Lake Okanagan, sundecks, Marina with slips & boat launch, 2 Swimming Pools & 3 Hot tubs, Mini golf course, Playground, 2 Tennis courts & Pickleball Courts, Volleyball, Fire Pits, Dog Beach, Upper View point Park and Beach area Fully Gated & Private Security, Owners Lounge, Owners Fitness/Gym Facility. Grocery/liquor store on site plus Restaurant. (id:66811)

Financial sandbox

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Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$47K

Annual cash flow

$13K

Cash-on-cash

7.44%

DSCR

1.40

Going-in cap

7.77%

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

78,239

Households

30,303

Median income

$81,500

Median age

43.9

Daytime population

71,735

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 7013 Barcelona Drive Unit# 40, 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.