Suite number:
2402 C2-02
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3.5
Size:
1256 sqft
Occupancy Date:
Dec 2025
Price, CAD
$2,399,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.49%
Cumulative Return on Investment in Year 5
91.78%
Property Price at the End of Year 5
$3,092,000
Deposit Schedule
$10 at Signing
Net Gain (Loss)
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Property Price Appreciation
Investment Details (10-Year Period)
Income/Return
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| property price appreciation | $124,000 | $131,000 | $138,000 | $145,000 | $153,000 | $161,000 | $169,000 | $178,000 | $187,000 | $197,000 | $1,584,000 |
| rent income | $4,000 | $44,000 | $46,000 | $48,000 | $50,000 | $52,000 | $54,000 | $57,000 | $59,000 | $62,000 | $475,000 |
| mortgage principal reduction | $2,000 | $30,000 | $31,000 | $33,000 | $34,000 | $36,000 | $38,000 | $40,000 | $41,000 | $43,000 | $328,000 |
| deposit interest | $11,000 | - | - | - | - | - | - | - | - | - | $11,000 |
| gst hst rebate | - | $5,000 | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $141,000 | $210,000 | $215,000 | $226,000 | $237,000 | $249,000 | $261,000 | $274,000 | $288,000 | $302,000 | $2,404,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $240,000 | - | - | - | - | - | - | - | - | - | $240,000 |
| remaining balance payment | $240,000 | - | - | - | - | - | - | - | - | - | $240,000 |
| closing cost | $71,000 | - | - | - | - | - | - | - | - | - | $71,000 |
| operating expense | $2,000 | $19,000 | $19,000 | $19,000 | $20,000 | $20,000 | $21,000 | $21,000 | $22,000 | $22,000 | $185,000 |
| mortgage payment | $10,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $120,000 | $1,092,000 |
| total expense investment | $563,000 | $139,000 | $139,000 | $140,000 | $140,000 | $141,000 | $141,000 | $142,000 | $142,000 | $143,000 | $1,828,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$421,610 | $71,000 | $76,000 | $86,000 | $97,000 | $108,000 | $120,000 | $133,000 | $146,000 | $159,000 | $575,000 |
| cumulative roi | $25 | $48 | $65 | $79 | $92 | $103 | $114 | $124 | $134 | $144 | $929 |
The Eli at Water Street by the Park
Address: Kelowna, British Columbia
Price Range: $1,700,000 - $2,900,000
Avail. suites: 12
1—3.5 bd
635—1913 SqFt