For Sale · Specialty

2551 Shoreline Drive Unit# 204, Lake Country

2551 Shoreline Drive Unit# 204, Lake Country, BC V4P2P2

$484,900 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

88%

Year Built

2007

About this property

convenience at Lake Country's Sitara on the Pond. Enjoy an open-concept layout with a breakfast bar and seamless flow into the bright dining area and living room. Recent updates include new flooring, fresh paint, modern lighting and a new HVAC & heat pump unit—move-in ready! The private deck overlooks Pollard’s Pond (turned ice-skating rink in winter!) and the large pool—perfect for relaxing morning coffee with serene views. The primary suite offers resort-style ease with plenty of space, natural light, and ensuite access. The second bedroom is spacious with access to the second full bath. Features include in-suite laundry, central heating/cooling, 9 foot ceilings, one secure underground parking stall, an extra visitor parking spot and a storage locker. This pet- and rental-friendly complex has an outdoor pool, hot tub, gym and social room in a quiet, beautifully landscaped location with hiking trails and bird watching in your backyard. An unbeatable location: minutes from 3 lakes, highly sought-after Davidson Elementary plus 3 more schools, Turtle Bay Marina, shopping, and the famous Rail Trail for biking. Spion Kop offers panoramic hiking trails. Nearby are wineries, cafes, orchards, and local farms. Bonus: UBCO, YLW, Predator Ridge Golf Course, and Sparkling Hill Spa are just 15 minutes away. (id:66811)

Financial sandbox

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Estimate
Purchase price$485K
Down payment30% · $145K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$31K

Annual cash flow

$5K

Cash-on-cash

3.18%

DSCR

1.17

Going-in cap

6.49%

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

55,129

Households

20,997

Median income

$64,000

Median age

39.8

Daytime population

66,972

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 2551 Shoreline Drive Unit# 204, Lake Country.

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.