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Investment signal

$699,000

4205 Gellatly Road Unit# 416

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Beds

2

Baths

3 full + 1 half

Sqft

Year

2006

Type

Recreational

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for West Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Spectacular Lakefront Living at the Cove Lakeside Resort (with vaulted ceilings and a Loft with a separate lock-off 2nd bedroom ). 1068 SF of indulgent luxury including 2 bedrooms each with an en-suite as well as one additional loft room for maximum flexibility (could be used as an office, bedroom or kids playroom). This top floor unit has vaulted ceilings with exceptional light and over 100 SF of outdoor living space on private unobstructed lake-view deck. A very rare floor plan at the Cove with vaulted ceilings, loft as well as a second lock off bedroom and a half-bath for maximum flexibility, it does not get better than this and units such as this come up rarely at the Cove. Fully furnished and ready for you to enjoy as your own private oasis or allow the Cove Resort to manage all of your bookings for substantial care free rental income. The Cove Lakeside Resort amenities include two outdoor pools (one with a waterslide), and two hot tubs. A 600 foot beach front that highlights almost 6.5 acres of manicured grounds in addition to the private gym, theatre, owners lounge, putting green, tennis courts and on-site dining. (id:65958)

Subtype
Recreational
Architectural style
Other
Structure
Apartment
Community
Westbank Centre
Common interest
Condo/Strata
Living area
1,068 square feet
Parking
1 total
Condo/HOA fee
$848.92 monthly
Stories
1.5
Fireplace
1
On market
Feb 13, 2026
Status changed
Apr 29, 2026
Annual tax
$2,890.95
Photos
51
MLS#
10374865
Area
WEST_KELOWNA

Features and systems

Parking

Underground

Appliances

RefrigeratorRange - ElectricDishwasherWine FridgeMicrowaveWasher/Dryer Stack-Up

Heating

Forced airGeothermal

Cooling

Central air conditioning

Roof

Asphalt shingleUnknown

Lot

Balcony

Community

Recreational Facilities

Waterfront

Waterfront on lake

Pool

Inground poolOutdoor pool

Fee includes

Property ManagementWaste RemovalGround MaintenanceHeatWaterOther, See RemarksRecreation FacilitiesReserve Fund Contributions
Negative cash flow ~$783/mo at these assumptions

Cash on cash

-6.72%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,324

Financing

Down payment$139,800
Loan amount$559,200
Mortgage$2,833/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320
Insurance$80
Maintenance$583
CapEx reserve$291
Vacancy loss$175

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for West Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $2,833/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.

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