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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$447,200
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Embrace this real estate opportunity in the heart of the Okanagan! This lakeview .25-acre lot in McKinley Landing has the GST already paid and presents an exceptional chance for investors and dream home builders alike. Boasting views of Okanagan Lake and Arrowleaf Pond, this prime lot is uniquely zoned CD18, allowing for short-term rentals and positioning it as an ideal investment property. Nestled within a master-planned beachfront community, McKinley Landing promises a lifestyle that surpasses expectations. Enjoy exclusive access to a marina, pristine beach, and a newly inaugurated restaurant, with plans underway for an amenity-rich building featuring a pool, gym, and more. McKinley Landing is not just a property; it's an immersive experience. The community has curated an array of outdoor activities, including walking trails, a children's play park, a pickleball court, a Dog Park, and a community garden—all just a short stroll away. For those aspiring to build their dream home, this prime lot comes with plans available for a custom 3800 sq.ft. Luxury home. Inquire about a comprehensive build package to bring your vision to life seamlessly. Immerse yourself in a vibrant, thriving, and rapidly growing community—one of the most sought-after locations in the Okanagan. This is more than an investment; it's an invitation to be part of an unparalleled living experience. Don't miss the chance to claim your stake in this captivating slice of McKinley Landing paradise. (id:39198)
Location
Province
British Columbia
City
Kelowna
Address
3165 Hilltown Drive
Postal Code
V1V0C6
Location Highlights
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Listed by
Sotheby's International Realty Canada British Columbia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$447,200
Asking Price
$447,200
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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