Suite number:
A2 06
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
635 sqft
Occupancy Date:
Jan 2025
Price, CAD
$669,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
18.92%
Cumulative Return on Investment in Year 5
86.72%
Property Price at the End of Year 5
$863,000
Deposit Schedule
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 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $50,000 | $52,000 | $55,000 | $442,000 |
| rent income | $7,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $130,000 |
| mortgage principal reduction | $6,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $109,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $53,000 | $58,000 | $61,000 | $64,000 | $67,000 | $70,000 | $73,000 | $77,000 | $80,000 | $84,000 | $687,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | $134,000 | - | - | - | - | - | - | - | - | - | $134,000 |
| closing cost | $31,000 | - | - | - | - | - | - | - | - | - | $31,000 |
| operating expense | $4,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $74,000 |
| mortgage payment | $20,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $297,000 |
| total expense investment | $190,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $39,000 | $39,000 | $39,000 | $39,000 | $536,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$136,905 | $20,000 | $23,000 | $26,000 | $28,000 | $31,000 | $35,000 | $38,000 | $41,000 | $45,000 | $150,000 |
| cumulative roi | $25 | $45 | $61 | $74 | $87 | $98 | $109 | $119 | $128 | $138 | $883 |
At 42 stories, the Eli will be the tallest tower between the Lower Mainland and Calgary, and the iconic centerpiece of the Water Street by the Park collection. The Eli will elevate downtown Kelowna lifestyle with world class amenities, extraordinary ...
Address: Kelowna, British Columbia
Price Range: $670,000 - $1,550,000
Avail. suites: 9
1—3.5 bd
635—1913 SqFt