Suite number:
2304 B3-04
Address:
Kelowna, British Columbia
Developer:
Orchard Park Properties
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2.5
Size:
1050 sqft
Occupancy Date:
Dec 2025
Price, CAD
$1,699,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
21.04%
Cumulative Return on Investment in Year 5
94.47%
Property Price at the End of Year 5
$2,190,000
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 | $88,000 | $93,000 | $98,000 | $103,000 | $108,000 | $114,000 | $120,000 | $126,000 | $133,000 | $139,000 | $1,122,000 |
| rent income | $3,000 | $37,000 | $38,000 | $40,000 | $42,000 | $44,000 | $45,000 | $47,000 | $49,000 | $52,000 | $397,000 |
| mortgage principal reduction | $2,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $29,000 | $31,000 | $233,000 |
| deposit interest | $8,000 | - | - | - | - | - | - | - | - | - | $8,000 |
| gst hst rebate | - | $5,000 | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $101,000 | $156,000 | $158,000 | $166,000 | $174,000 | $183,000 | $192,000 | $201,000 | $211,000 | $222,000 | $1,765,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $170,000 | - | - | - | - | - | - | - | - | - | $170,000 |
| remaining balance payment | $170,000 | - | - | - | - | - | - | - | - | - | $170,000 |
| closing cost | $53,000 | - | - | - | - | - | - | - | - | - | $53,000 |
| operating expense | $1,000 | $15,000 | $15,000 | $15,000 | $16,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $146,000 |
| mortgage payment | $7,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $773,000 |
| total expense investment | $402,000 | $100,000 | $100,000 | $100,000 | $101,000 | $101,000 | $102,000 | $102,000 | $102,000 | $103,000 | $1,312,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$301,148 | $56,000 | $58,000 | $66,000 | $74,000 | $82,000 | $90,000 | $99,000 | $109,000 | $119,000 | $452,000 |
| cumulative roi | $25 | $48 | $66 | $81 | $94 | $107 | $118 | $130 | $141 | $152 | $962 |
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