MLS® 10189620
1 - 2655 PLEASANT VALLEY ROAD ARMSTRONG
Vernon
250.309.0039 • chris@chrisholm.ca
www.ChrisHolmRealEstate.ca This information is deemed reliable but cannot be guaranteed. Details should be verified if deemed important.
250.309.0039 chris@chrisholm.ca
Results you Want — Service you Deserve
Things We Love About Our Property • • •
• • • • • •
We love that the separate suite pays all of the house costs We love the open living room, huge windows and the great flow to the rooms There are two fairly spacious kitchens with lots of storage and a pantry. We love the new kitchen downstairs and how the upstairs kitchen opens up onto the wraparound deck - we often eat outside We love how much light is in the living room with windows on all three sides The master suite is very quiet and dark which makes for great sleeps It has the biggest yard we have seen in a strata and a great view off of the deck. Outdoor lights allow for night time entertaining There is a special, under-stair bedroom nook for children The location is perfect - close to 3 schools and the health unit We love that everything is close by. My favourite cafés are the Wild Oak and Brown Derby - great food, quaint and colourful personalities
Bills & Expenses • Natural Gas • Hydro • Water • Insurance • Taxes • Strata Fee:
$127.00/month $95.00/month $60.00/month $118.00/month (tenant insurance could be lower) $1,076.54/year $598.00
Appliances included • Refrigerator • Stove • Microwave • Dishwasher • Washer • Dryer • Bar Fridge
LG GE Profile Gas with Convection Oven Samsung GE LG Front Loading LG Front Loading
6 Bedroom
2.5 Bathrooms
www.ChrisHolmRealEstate.ca
From the Seller
250.309.0039 chris@chrisholm.ca
Results you Want — Service you Deserve
Other Things We’d Like You to Know Q: How old is the hot water tank? A: 6-7 years old Q: What type of roof is on the home? A: Main roof was just replaced with asphalt and deck roof was replace 2 years ago Q: What type of plumbing is there and when was it installed/updated? A: A mixture of copper and PVC Q: When was the electrical updated? A: 2017 Q: Please tell us about any upgrades/updates you have done: A: Since I have lived here I have put in a new hot water tank, a high efficiency furnace, created a suite, brand new roof, closed in a workshop, added weeping tile and foundation membrane Rentals: How much does the house/condo/suite rent for? The upstairs and downstairs rent potential is $3,700/month. The current tenants lease ends at the end of August Is there anything else you would like potential buyers to know? The main thing I would like highlighted is the benefit of the rental income. The strata fee for this house reflects that it’s size is almost 3 times larger than an average townhouse. The strata fee is only about $250.00 more per month than the average strata fee. For that $250.00, you can earn up to $2,000 for the rental suite. That means an income of $1,750. For years I have been able to let that rental income pay the entire mortgage, strata fee, utilities and house insurance. The strata fees have also paid for many of the repairs done to the home, such as the new roof and foundation work. It pays for insurance and fire protection, landscaping, snow removal, garbage, etc. I think it is important to see the true value of this return to understand the opportunity this house represents.
www.ChrisHolmRealEstate.ca
250.309.0039 chris@chrisholm.ca
Results you Want — Service you Deserve
Inside Features: • 3,094 square foot revenue property with 2 self-contained suites • 3 bedrooms upstairs and 1.5 bathrooms upstairs and 3 bedrooms and 1 bathroom downstairs • 2 gas fireplaces (1 up and 1 down) for extra ambience • Professionally designed kitchen added to the lower suite • Each suite has it’s own laundry area • Home is located in a small, wellmaintained strata complex
www.ChrisHolmRealEstate.ca
250.309.0039 chris@chrisholm.ca
Results you Want — Service you Deserve
Outside Features: • Perfectly situated between 3 schools so children can safely walk to school • Outdoor pool just down the street • New roof over the main house and deck • Large covered deck area for added entertainment space • Huge fenced yard great for entertaining or for children to play • Closed-in workshop/foyer for lower suite • Beautiful mountain views surround this property
www.ChrisHolmRealEstate.ca
250.309.0039 chris@chrisholm.ca
Results you Want — Service you Deserve
Main Suite Level: 1,586 sq. feet
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www.ChrisHolmRealEstate.ca
250.309.0039 chris@chrisholm.ca
Results you Want â&#x20AC;&#x201D; Service you Deserve
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Lower Suite Level: 1,508 sq. feet
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www.ChrisHolmRealEstate.ca
250.309.0039 chris@chrisholm.ca
Results you Want — Service you Deserve
Breakdown - Monthly Mortgage Costs Purchase Price - $449,500 + 5% Down Payment ($22,475) = $427,025.00 + Insurance Premium = $444,106 Interest Rate of 2.69% w/25 year amortization = $2031.71 + $598 (Strata Fees) = $2629.71
Total Cost - $2629.71 - $1700 rent for upper suite = $929.71 (Your cost each month) Purchase Price - $449,500 + 10% Down Payment ($44,950) = $404,550 + Insurance Premium = $417,091 Interest Rate of 2.69% w/25 year amortization = $1908.12 + $598 (Strata Fee) = $2506.12
Total Cost - $2506.12 - $1700 rent for upper suite = $806.12 (Your cost each month) Purchase Price - $449,500 + 20% Down Payment ($89,900) = $359,600 (no insurance premium applicable) = $359,600 Interest Rate of 2.69% w/25 year amortization = $1,645.00 + $598 (Strata Fee) = $2243.00
Total Cost - $2506.12 - $1700 rent for upper suite = $543.00 (Your cost each month) (30 Year Amortization) $1453.80 + 598 (Strata Fee) = $2051.80 - $1700 (Rent) = $351.80 (Your cost)
SCHOOLS:
SAFETY:
AMENITIES CLOSE BY:
Armstrong Elementary Approximately 350m Pleasant Valley Secondary Approximately 400m
Vernon Jubilee Hospital Approximately 23 km Armstrong Fire Hall Approximately 1.8 km Armstrong RCMP Approximately 1.7 km
Kelowna International Airport The University of British Columbia Numerous Lakes Silver Star Ski Resort
Things to do & places to do them. Antique Stores • Art Galleries • Artists & Artisans • Bakeries • Bars & Nightlife • Beaches • Biking • Birding • Boating • Bowling Casinos • Cheese Farm • Cinemas • Coffee Shops • Community Arts Centre • Cross Country Skiing • Cultural Centres • Curling • Diners Dog Parks • Downhill Skiing • Drive-In Theatre • Educational Tours • Farm Based Businesses • Farmers' Markets • Fishing Galleries • Gardens • Golf • Hang Gliding • Health & Wellness • Heliskiing • Heritage Buildings • Hiking • Historic Sites • Hockey Horse Drawn Sleigh Rides • Indoor Ball Courts • Kangaroo Farm • Kayaking • Libraries • Live Music • Live Theatre • Local Tours Motorcycling • Museums • Nature Walks • Orchards • Paddling • Paragliding • Parks • Performing Arts • Pickleball • Playgrounds • Pubs Restaurants • Rock Climbing • Science Centre • Shopping • Skydiving • Snowboarding • Snowmobiling • Snowshoeing • Spas Stand Up Paddleboarding • Swimming • Tennis • U-Picks • Water Parks • Waterslides • Wineries • Ziplining
www.ChrisHolmRealEstate.ca