Property Details
Kelowna BC Canada
$399,900Description
One-Bedroom Unit at The Verve in Kelowna - First-time Rental Investor
Apartment - Kelowna BC
Introducing the epitome of community-style urban living – an exclusive off-market condo listing at The Verve in Kelowna. Welcome to the top floor, where this 1 bedroom, 1 bathroom residence awaits, exuding a sense of modern and comfort.
Step into this simple functional space, where an open living room and dining room blend seamlessly, perfect for entertaining a few guests or relaxing after a long day. Adjacent to this space, a separate study/home office area invites productivity and creativity. The efficient kitchen boasts an abundance of light-toned cabinetry and ample countertop/prep space, complete with a breakfast bar for casual meals or quick bites.
The bedroom is a bright sanctuary, bathed in natural light streaming through a large window, creating an inviting ambiance. From here, you have convenient access to the 4-piece bathroom, adding a touch of luxury to your daily routine. For utmost convenience, an in-suite stacking washer/dryer ensures effortless laundry days.
This unit comes with the added benefits of 1 underground parking stall and 1 storage locker, providing secure storage and hassle-free parking for you and your guests. The Verve is a popular complex that offers a range of exceptional amenities, ensuring a delightful living experience.
Conveniently located near Glenmore’s tasty restaurants, shopping centre, and essential services, this condo promises the perfect balance of urban accessibility and peaceful retreat. Explore the beauty of Kelowna, with scenic views of the hills beyond, while enjoying the serenity of the quiet side of the building.
The Verve allows both rentals and pets with some restrictions, granting you flexibility and the opportunity to share this enchanting space with your furry companions. Whether you are a parent with a UBCO freshman needing a place to live while your investment appreciates or a young-at-heart individual seeking a private minimalist lifestyle, this top-floor condo caters to your every need.
Don’t miss the chance to make this exclusive condo your new home. Embrace the community living experience at The Verve in Kelowna, where comfort, convenience, and style converge seamlessly. Schedule your viewing today and embrace a life of luxury and excitement in this splendid condominium.
RENTAL INVESTMENT ADVANTAGES
Investing in this top-floor condo at The Verve offers a plethora of benefits, making it an ideal rental investment opportunity:
- High Rental Demand: Kelowna is a thriving city with a very strong rental market. The popularity of the area ensures a steady demand for rental properties, providing you with a consistent and reliable income stream.
- Attractive Rental Returns: The Verve’s desirable location, excellent amenities, and modern features make it an attractive choice for potential tenants. This includes UBCO students with the convenient direct transit to campus. As a result, you can expect competitive rental returns, maximizing the profitability of your investment.
- Appreciation Potential: Kelowna’s real estate market has historically shown appreciation over time. By investing in this condo now, you have the potential to benefit from property value appreciation in the future, allowing you to build equity and increase your overall net worth.
- Tax Benefits: Rental investments often come with tax advantages, such as deducting expenses related to property management, repairs, and mortgage interest. Consult with a tax professional to fully understand the tax benefits available to you.
- Build Equity with Tenants Paying Off Mortgage: With tenants paying rent, you’ll be able to build equity in the property without bearing the full financial burden. Over time, your tenants will essentially be contributing to your mortgage payments, helping you build wealth.
- Portfolio Diversification: Investing in real estate diversifies your investment portfolio, reducing overall risk. Real estate often has a low correlation with the stock market, providing a stable asset in times of economic fluctuations.
- Potential Short-Term Rentals: Depending on local regulations, you may have the opportunity to explore short-term rentals, such as Airbnb, during peak tourist seasons or events. Short-term rentals can yield higher rental rates and increase your income potential.
- Long-Term Capital Growth: Real estate investments have the potential to provide long-term capital growth, especially in areas with strong economic growth and population expansion like Kelowna.
- Hedge Against Inflation: Rental properties serve as a hedge against inflation. As the cost of living increases, rental rates can be adjusted accordingly, preserving the property’s value and your income.
- Property Management Services: If you prefer a hands-off approach, you can hire a property management company, like Duval, to handle tenant screening, maintenance, and rent collection, freeing up your time while ensuring a well-managed investment.
In conclusion, investing in this top-floor condo at The Verve in Kelowna as a rental property offers numerous financial benefits, including high rental demand, attractive returns, potential appreciation, tax advantages, and portfolio diversification. Embrace the opportunity to grow your wealth and secure a prosperous future with this exceptional rental investment.
Contact your Kelowna hometown expert Chris Chung for more details at 250-899-8327 or check out my other listings on MLS®
Sage Executive Group Real Estate
Proudly presented by Sage Executive Group – Letnick Estates
Chris Chung: 250-899-8327
Property Features
- Apartment
- 1 bed
- 1 bath
- Air Conditioning
- Pool
