RSS

Posted on by
Posted in Penticton Real Estate
New property listed in Penticton

I have listed a new property at 103 246 HASTINGS Avenue in Penticton. See details here

This gorgeous, well maintained ground floor corner unit offers easy access and the perfect blend of style, comfort, and convenience. With south and west-facing windows, enjoy plenty of natural light and stunning mountain views right from your living room. You'll love the two parking stalls, including a secure, heated underground space! The thoughtfully designed layout features an open-concept living area, a well kept kitchen, and a covered patio to soak in the Okanagan sunshine. Nestled in a prime location, you’re just minutes from shopping, restaurants, and the Okanagan Lake. Don’t miss your chance to own this bright, beautiful home in the heart of Penticton. (id:2493)

Read

Posted on by
Posted in Kelowna Real Estate
Open House. Open House on Saturday, March 29, 2025 10:00AM - 12:00PM James Roffel is sitting the open house.

Please visit our Open House at 11 3220 Hilltown Drive in Kelowna. See details here

Open House on Saturday, March 29, 2025 10:00AM - 12:00PM James Roffel is sitting the open house.

Experience the best of Okanagan living in this turnkey, fully furnished walkout rancher, perfectly suited for a smaller family, empty nesters, or as a vacation retreat and GST is included. Nestled on the forest edge of McKinley Mountain Park, there are endless hiking trails and jaw-dropping panoramic lake views—all just steps from your door. Soaring 13-foot ceilings and an open-concept layout create a bright, airy feel, while the gourmet kitchen features a two-toned island with waterfall quartz countertops. Cozy up to the gas fireplace in the winter or step onto the expansive deck to soak in the spectacular sunsets over Okanagan Lake. Downstairs, the walkout level boasts a spacious concrete patio with glass railings, two bedrooms (each with a walk-in closet), and two bathrooms, including a luxurious primary ensuite with a custom shower and private sliding glass door access to the patio. Enjoy the ease of resort-style amenities at McKinley Beach, just a short walk away. This exclusive community offers a 1,000m beach, a marina, tennis & pickleball courts, indoor pool, sauna & fitness centre, outdoor hot tub and gardens, and a future winery. Plus, you're only 10 minutes to the airport, UBCO, and Lake Country, 15 mins to downtown Kelowna, and an hour from Big White and SilverStar. This home comes fully equipped with all furnishings, kitchenware, A/C, in-suite laundry, and a double-attached garage. Explore the 3D virtual tour! (id:2493)

Read

Posted on by
Posted in Kelowna Real Estate
Open House. Open House on Sunday, March 23, 2025 10:00AM - 12:00PM Corner unit, 2 bed/2bath 865 sqft on the 18th floor with nice lake views. Text Heidi for access 250-309-9991

Please visit our Open House at 1810 1488 Bertram Street in Kelowna. See details here

Open House on Sunday, March 23, 2025 10:00AM - 12:00PM Corner unit, 2 bed/2bath 865 sqft on the 18th floor with nice lake views. Text Heidi for access 250-309-9991

Welcome to your dream lifestyle at Bertram by Mission Group, a stunning 2-bedroom, 2-bathroom condo in one of Kelowna's newest concrete towers. Perched on the 18th floor's northwest corner, this residence boasts floor-to-ceiling windows that frame breathtaking views of the lake and cityscape. Step inside to an inviting open-concept layout, where the modern kitchen shines with dual- color cabinetry, sleek quartz countertops, and stainless steel appliances. The spacious island provides additional seating and prep space, perfect for entertaining. Enjoy your morning coffee or unwind with a glass of wine on the covered balcony while soaking in the stunning sunsets. Bertram offers resort-style living with an array of amenities, including a rooftop pool, hot tub, and lounge deck with massive lake views. Stay active in the indoor fitness center or relax in the outdoor lounge area equipped with BBQs and a bocce ball court. For your furry friends (2 dogs allowed, no size limit) there's a dedicated dog park and wash and in total there are three co-working/amenity spaces in the building that are available for remote work or socializing. Ideally situated just off Bernard Avenue, you’re just steps away from beautiful beaches, delightful restaurants, boutique shops, and the future UBC campus. This unit comes with secure and convenient U/G parking and storage! Don’t miss this exceptional opportunity to embrace the vibrant Kelowna lifestyle! (id:2493)

Read

Posted on by

We have all heard of someone losing money on real estate right?It is no surprise that market doesn’t go up continually forever. That would be great if you already owned a number of properties, but unfortunately, that isn’t the way the world works. The real estate market moves in cycles based on supply and demand. There are a number of ways to make money in any market whether it is going up, down or sideways but you have to be strategic in how you buy. Let’s look at few.

  1. Speculation vs Sophisticated Investing: First of all you have to always look at who you are talking to. Is it a sophisticated real estate expert that owns multiple properties or someone who hasn’t had much experience such as a friend or relative or co-worker that may have bought hoping for appreciation? Someone that purchases a property hoping the market will go up is called a speculator. In a sense, they are gambling. Make sure you are talking with an expert that treats investing like a business and looks the demographics, economic indicators and a long term perspective.

  1. Target Area: The second thing you have to look at is your target area. Two areas in the same city could have two very different market places. One area may have lower prices with lots of turnover and many properties listed at all times, while another area could be more expensive but be much more popular with fewer properties listed and higher demand. Also, is the area close to transportation or off the beaten path. Is it on a quiet street or backed onto a busy road. The location and your target area can have a major impact on your cashflow, tenant profile and future appreciation.

  1. Time in the Market: Third, ask people who have lived in the same home for much of their lives. Maybe it’s your parents or a neighbor. What is it worth now compared to what they bought it for? Some investors preach that it is not timing the market that counts but time in the market. So don’t wait to buy real estate, buy real estate and wait!

For the majority of people, real estate is one of the best investments they ever made. We cannot control what will happen in the future, but we can continually study the marketplace, educate ourselves on why markets behave the way they do, and surround ourselves with the best and the brightest people that specialize in the field. Based upon detailed research and history, buying a good positive cash flow property in an economically sound region in a targeted area will provide a good return on investment over time. If the market does not perform as well as anticipated, the investment is still supported by cash flow and mortgage pay down. Even if the property never appreciates, eventually the mortgage will be paid off and now the mortgage money will be going into your pocket instead of the banks.

Read

Posted on by

Many people think this is ridiculous, however, you may already be doing this without knowing it. When you buy real estate, you will typically have a mortgage in which the bank is acting as your money partner. For example, if you contribute 20% of the value (downpayment), they will provide the remaining 80% of the value in return for repayment of the loan plus interest. If your property appreciates in value, it appreciates on the full 100%, not just on the 20% you put in. In the end, the bank doesn’t ask for any of the appreciation on their 80%. This is what is known as leverage. When a market is appreciating, you are using the banks money to make money. Try asking the bank to provide 80% of a stock. They will look at you like you are crazy.

The only way they may consider this, is if you back the loan with a hard asset such as real estate. The bank invests as your partner in real estate because it is a tangible asset that is proven to be secure and holds value over the long term.

Read

Posted on by

A: Did you know that most millionaires either hold their money or make their money through real estate?

It is proven that real estate investing can provide a great ROI (Return on Investment) and is a great vehicle for long term wealth creation. When done right, it can provide;

1. Control - Increase cash flow and/or value by fixing it up, raise or lower rents, advertise and pay off to lower your risk.

2. Monthly cashflow -Extra money above all costs

3. Appreciation - Increase in land values over time

4. Mortgage paydown - Build equity through a forced savings plan

5. Tax benefits - Materials, maintenance and depreciation write-offs, capital gains (only taxed on 50 % of the gains when selling)

6. Leverage – Make money using the bank’s money. You only have to contribute 1/5 of the purchase price and the banks loan you the rest. The bank is a great partner as they just want a small return for lending you the money, and they do not ask you to pay them any of the appreciation.

Many people do not realize that real estate has an internal rate of return other than what you read in the paper such as, real estate prices went up 3% this year. Remember that you realize the gain of 3% on the entire purchase price, not just on your down payment. Ex: if you have a property worth $200,000 and you put down $40,000 to buy it and then the property goes up 3%, the appreciation is $6,000. $6,000 appreciation/$40,000 of your money = 0.15 x 100 = 15% ROI. But that’s not all, since you have tenants paying you rent above your costs every month, you can also add in mortgage paydown, cashflow and tax savings. So when real estate goes up 3% you have a much higher ROI due to the internal rate of return.

Read

Posted on by
Posted in Kelowna Real Estate
New property listed in Kelowna

I have listed a new property at 501S 3409 Lakeshore Road in Kelowna. See details here

Step into a lifestyle at Caban, where the lake is your front yard and Pandosy Village is your playground! This brand new 2-bedroom condo is situated in one of Kelowna's most coveted locations—right across from Gyro Beach and Okanagan Lake in Pandosy Village. This vibrant Lower Mission neighborhood offers the best of urban living with boutiques, coffee shops, restaurants, and shops just a stroll away. Whether you're walking or biking, everything you need is within reach, and downtown Kelowna and the hospital are just a short ride away. Inside, you'll find a bright and open space with high ceilings, premium stainless steel appliances, custom cabinetry, quartz countertops and warm hardwood floors. The design perfectly complements the modern and active lifestyle that comes with living in this prime location. Caban is a brand new 6 story concrete building that offers resort-style amenities that elevate your living experience. Unwind by the infinity lap pool or in the Himalayan salt sauna. Stay active in the fitness centre or relax in the hot tub. The private cabanas and outdoor terrace provide incredible views of Gyro Beach and Okanagan Lake, offering the ultimate escape at home. This is more than just a condo—it's a lifestyle. (id:2493)

Read

Posted on by
Posted in Kelowna Real Estate
New property listed in Kelowna

I have listed a new property at 11 3220 Hilltown Drive in Kelowna. See details here

Experience the best of Okanagan living in this turnkey, fully furnished walkout rancher, perfectly suited for a smaller family, empty nesters, or as a vacation retreat and GST is included. Nestled on the forest edge of McKinley Mountain Park, there are endless hiking trails and jaw-dropping panoramic lake views—all just steps from your door. Soaring 13-foot ceilings and an open-concept layout create a bright, airy feel, while the gourmet kitchen features a two-toned island with waterfall quartz countertops. Cozy up to the gas fireplace in the winter or step onto the expansive deck to soak in the spectacular sunsets over Okanagan Lake. Downstairs, the walkout level boasts a spacious concrete patio with glass railings, two bedrooms (each with a walk-in closet), and two bathrooms, including a luxurious primary ensuite with a custom shower and private sliding glass door access to the patio. Enjoy the ease of resort-style amenities at McKinley Beach, just a short walk away. This exclusive community offers a 1,000m beach, a marina, tennis & pickleball courts, indoor pool, sauna & fitness centre, outdoor hot tub and gardens, and a future winery. Plus, you're only 10 minutes to the airport, UBCO, and Lake Country, 15 mins to downtown Kelowna, and an hour from Big White and SilverStar. This home comes fully equipped with all furnishings, kitchenware, A/C, in-suite laundry, and a double-attached garage. Explore the 3D virtual tour! (id:2493)

Read

Posted on by
Posted in Kelowna Real Estate
New property listed in Kelowna

I have listed a new property at 607 3699 Capozzi Road in Kelowna. See details here

Live the Okanagan Dream at Aqua! Wake up to shimmering lake views and start your day with a coffee on your private balcony—this is what living at Aqua is all about. This 6th-floor, 2-bedroom, 2-bathroom condo offers the perfect blend of style, comfort, and resort-style amenities, all in the heart of Kelowna’s Lower Mission and GST is INCLUDED. With an open-concept layout, stainless steel appliances, quartz countertops, and big windows that flood the space with natural light, this home is made for easy living. Whether you’re cooking dinner, hosting friends, or winding down after a day on the water, you’ll love the modern yet cozy vibe. But the real magic? The unbeatable location—Aqua sits right on the beach, giving you instant access to swimming, suntanning, and paddle boarding just steps from your door. When you're not soaking up the sun, take a dip in the outdoor pool, relax in the hot tub, or stay active in the two-story gym & yoga space. The community also features a BBQ lounge, fireside patio, co-workspace, and the exclusive Aqua Boat Club for endless lake adventures. With secure parking, a storage locker, and everything Kelowna has to offer just minutes away, this is more than a home—it’s a lifestyle. Don’t miss your chance to make it yours. Fur families welcome! (id:2493)

Read

Posted on by
Posted in Kelowna Real Estate
New property listed in Kelowna

I have listed a new property at 1810 1488 Bertram Street in Kelowna. See details here

Welcome to your dream lifestyle at Bertram by Mission Group, a stunning 2-bedroom, 2-bathroom condo in one of Kelowna's newest concrete towers. Perched on the 18th floor's northwest corner, this residence boasts floor-to-ceiling windows that frame breathtaking views of the lake and cityscape. Step inside to an inviting open-concept layout, where the modern kitchen shines with dual- color cabinetry, sleek quartz countertops, and stainless steel appliances. The spacious island provides additional seating and prep space, perfect for entertaining. Enjoy your morning coffee or unwind with a glass of wine on the covered balcony while soaking in the stunning sunsets. Bertram offers resort-style living with an array of amenities, including a rooftop pool, hot tub, and lounge deck with massive lake views. Stay active in the indoor fitness center or relax in the outdoor lounge area equipped with BBQs and a bocce ball court. For your furry friends (2 dogs allowed, no size limit) there's a dedicated dog park and wash and in total there are three co-working/amenity spaces in the building that are available for remote work or socializing. Ideally situated just off Bernard Avenue, you’re just steps away from beautiful beaches, delightful restaurants, boutique shops, and the future UBC campus. This unit comes with secure and convenient U/G parking and storage! Don’t miss this exceptional opportunity to embrace the vibrant Kelowna lifestyle! (id:2493)

Read
Categories:   Kelowna Real Estate | Penticton Real Estate
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.