For Sale · Specialty

191 Hollywood Road S Unit# 519, Kelowna

191 Hollywood Road S Unit# 519, Kelowna, BC V1X0B5

$399,900 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

93%

Year Built

2021

About this property

LOCATION, VALUE & STYLE! Enjoy outstanding value in this desirable top-floor corner unit, ideally positioned in one of the best locations in the complex. Bright and beautifully presented, this home offers 2 actual bedrooms, 1 bathroom and convenient in-suite laundry. The modern kitchen features Whirlpool stainless steel appliances, quartz countertops, an undermount double sink and pull-out spray faucet. Quartz counters in the bathroom, modern lighting and window coverings throughout add to the appeal. Underground parking, separate storage locker and an on-site fitness room round out the package. Close to shopping and everyday amenities, with a grocery store just across the highway. VACANT and showing like NEW! Move-in ready and an excellent opportunity for buyers looking for value! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$400K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$29K

Annual cash flow

$7K

Cash-on-cash

5.66%

DSCR

1.31

Going-in cap

7.24%

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

52,454

Households

23,639

Median income

$72,500

Median age

39

Daytime population

58,597

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 191 Hollywood Road S Unit# 519, 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.