Suite number:
2404 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
$2,199,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.22%
Cumulative Return on Investment in Year 5
90.63%
Property Price at the End of Year 5
$2,834,000
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 | $114,000 | $120,000 | $127,000 | $133,000 | $140,000 | $147,000 | $155,000 | $163,000 | $172,000 | $181,000 | $1,452,000 |
| 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 | $27,000 | $29,000 | $30,000 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $301,000 |
| deposit interest | $10,000 | - | - | - | - | - | - | - | - | - | $10,000 |
| gst hst rebate | - | $5,000 | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $129,000 | $189,000 | $194,000 | $203,000 | $213,000 | $224,000 | $235,000 | $247,000 | $259,000 | $272,000 | $2,165,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $220,000 | - | - | - | - | - | - | - | - | - | $220,000 |
| remaining balance payment | $220,000 | - | - | - | - | - | - | - | - | - | $220,000 |
| closing cost | $65,000 | - | - | - | - | - | - | - | - | - | $65,000 |
| operating expense | $1,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $18,000 | $19,000 | $19,000 | $160,000 |
| mortgage payment | $9,000 | $110,000 | $110,000 | $110,000 | $110,000 | $110,000 | $110,000 | $110,000 | $110,000 | $110,000 | $1,001,000 |
| total expense investment | $516,000 | $126,000 | $127,000 | $127,000 | $127,000 | $128,000 | $128,000 | $129,000 | $129,000 | $130,000 | $1,667,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$386,653 | $63,000 | $67,000 | $76,000 | $86,000 | $96,000 | $107,000 | $118,000 | $130,000 | $142,000 | $499,000 |
| cumulative roi | $25 | $47 | $64 | $78 | $91 | $102 | $112 | $122 | $132 | $141 | $914 |
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