Best price in this prestigious building! 1274 sq. ft. 2 bed, 2 bath plus den suite; granite topped island, gas fireplace, lake and city views. Pool, fitness centre and sauna for your enjoyment. No need to drive…

View building information and amenities for Centuria Urban Village. 

Email Bonnie to book a viewing of this property or if you have a question that has not been answered on this page.

Price: $399,000
MLS® #10015597

Address: 907 1160 Bernard Avenue
City: Kelowna
Province: BC

View:

Lake View
Mountain View
City View

Property type: Strata
Type of dwelling: Apartment
Year built: 2008
Description of year built: Approximate

Style/Storeys: One Storey
Finished floor area: 1274 sq. ft.

Beds: 2
Full Baths: 2

Interior Features:

Island Kitchen

Fireplace: 1 Gas fireplace

Equipment/Appliances Included:

Dishwasher
Dryer
Microwave Oven
Refrigerator
Stove – Gas
Washer
Window Coverings

Flooring:

Ceramic Tile
Partial Carpet

Heating/Cooling:

Central Air

Fuel:

Mixed

Foundation: Concrete

Garage description: Single underground parking stall

Exterior Features:

Hot Tub
One Balcony
Heated Outdoor Pool

Site Influence:

Central Location
Corner Site
Downtown Core
Easy Access
Flat Site
Golf Nearby
Landscaped
Park Nearby
Paved Roads
Public Transit Nearby
Schools Nearby
Shopping Centre
Shopping Nearby
Ski Area Nearby
Storage

Taxes: $2,323 (2009)
Zoning Type: Residential-High Density
Zoning sub-type: High rise apartment
Title held: Freehold
Title form: Strata
Native land: No

Pets allowed: With Restrictions
Rentals allowed: With Restrictions
Age restrictions: No

Strata Fees: $270
Fees Include:

Care Taker
Contingency Reserve
Heat
Insurance
Landscaping
Management
Recreational Facilities
Sewer
Snow Removal
Trash Removal
Water

Room sizes:

Living room: 11′ x 13′6″

Kitchen: 10′3″ x 13′6″

Dining room: 11′ x 9′

Master bedroom: 13′6″ x 12′

Ensuite bath: 13′6″ x 9′

Bedroom: 10′ x 13′

Main bath: 10′ x 13′

Laundry: 6′ x 5′6″

Deck: 10′ x 8′6″

*All measurements approximate. Please verify if important.*

Sixty-five percent of homeowners pay off their credit card balances each month (versus 48% of non-homeowners). Furthermore, a quarter of those homeowners with mortgages have managed to make a lump-sum payment or accelerate their mortgage payments in the past year.

Nearly half (44%) of homeowners were able to pay all of their bills and save some money in the past year, suggesting a strong correlation between homeownership and financial fitness.

The Financial Fitness survey was conducted in conjunction with the Canadian Association of Credit Counselling Services. Compared to the same survey undertaken in 2007 when the economy was booming, Canadians are even more likely now to say their financial fitness is good (55% versus 50%).

Other key survey findings show:

• Mortgage holders more likely to have accelerated or made a lump-sum payment include those with incomes $75-$99k (32%) or $100k+ (30%), and women more than men (26% versus 21%).
• 49% of homeowners made down payments of 20% or more on their purchase
• 13% of homeowners say they are in great financial shape
• 12% of homeowners say they have requested a credit report within the past 12 months
• 59% of Canadians say they pay their credit cards in full each month
• 39% of Canadians say that in the past year they were able to pay their bills and save some money. A further 41% were able to pay their bills but not save
• First-time buyers/those who intend to buy a home as well as those requiring mortgage insurance are more likely to have spoken to a financial planner/coach in the past 12 months

Click here for complete survey findings.

Chris Murphy
Dominion Lending Centres Kelowna
Phone: (250)717-5050
Cell: (250)717-7164
Fax: (250)-717-5288
Email: cmurphy@Dominionlending.ca
Website: http://www.chrismurphymortgages.ca/

Excerpt from “Home Financing Journal, August 2010” from Dominion Lending Centres

By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is best suited to your specific needs.

The first consideration when comparing various mortgage terms is to understand that a longer term generally means a higher corresponding interest rate. And, a shorter term generally means a lower corresponding interest rate. While this generalization may lead you to believe that a shorter term is always the preferred option, this is not always the case. Sometimes there are other factors – either in the financial markets or in your own life – which you will also have to take into consideration when selecting the length of your mortgage term.

If paying your mortgage each month places you close to the financial edge of your comfort zone, you may want to opt for a longer mortgage term, such as five or 10 years, so that you can ensure that you will be able to afford your mortgage payments should interest rates increase.

By the end of a five- or 10-year mortgage term, most buyers are in a better financial situation, have a lower outstanding principal balance and, should interest rates have risen throughout the course of their term, will be able to afford higher mortgage payments.

If you are shopping for a mortgage for an investment property, you will likely want to consider choosing a longer mortgage term – depending, of course, on your overall plan. This will allow you to know that the mortgage payments on the property will be steady for a long time and enable you to more accurately project your future income from the property.

As well, if you know you will not be staying in the same home for the next five or 10 years, opting for a shorter term can save you significant fees when it comes to early payout penalties.

Choosing the right mortgage term is a unique decision for each individual. By understanding your personal financial situation and your tolerance for risk, I can assist you in choosing the mortgage term that will work best for your situation.

As always, if you have any questions about mortgage terms or your mortgage in general, I’m here to help!

Chris Murphy
Dominion Lending Centres Kelowna
Phone: (250)717-5050
Cell: (250)717-7164
Fax: (250)-717-5288
E-mail
Website

Excerpt from “Home Financing Journal, August 2010” from Dominion Lending Centres

Discovery Bay’s Finest… over 2000 sq, ft. with a beautiful lake view; turn key with quality hi end leather furniture included in price.  Move in and enjoy!! Hardwood floors, stainless appliances, 3 bedrooms plus office, great for entertaining. Steps to beach, theatre & restaurants. This could be your private summer residence or income earning vacation rental.

View building information and amenities for Discovery Bay.

Email Bonnie to book a viewing of this property or if you have a question that has not been answered on this page.

Price: $799,000
MLS® #10013943

Address: 536 1088 Sunset Drive
City: Kelowna
Province: BC

Water Influence:

Lakeshore

View:

Lake View

Property type: Strata
Type of dwelling: Apartment
Year built: 2003
Description of year built: Approximate

Style/Storeys: One Storey
Finished floor area: 2076 sq. ft.

Beds: 3
Full Baths: 2

Interior Features:

Drywall
Fire Sprinkler System
Island Kitchen
Indoor Pool

Fireplace: 1 Gas fireplace

Equipment/Appliances Included:

Dishwasher
Dryer
Microwave Oven
Refrigerator
Stove – Electric
Washer
Window Coverings

Flooring:

Carpeting/Wall-to-Wall
Hardwood
Tile

Heating/Cooling:

Central Air
Geothermal

Fuel:

Geothermal

Foundation: Concrete

Garage description: Two underground parking stalls

Additional Structures:

Clubhouse
Deck

Exterior Features:

One Balcony
Outdoor Pool

Site Influence:

Airport Nearby
Cablevision Available
Central Location
Downtown Core
Easy Access
Flat Site
Fully Landscaped
Golf Nearby
Landscaped
Park Nearby
Recreation Nearby
Shopping Nearby

Taxes: $3,109 (2010)
Title held: Freehold
Title form: Strata
Native land: No

Pets allowed: With Restrictions
Rentals allowed: Yes
Age restrictions: No

Strata Fees: $672
Fees Include:

Care Taker
Contingency Reserve
Heat
Insurance
Landscaping
Maintenance Hot Water
Management
Recreational Facilities
Sewer
Snow Removal
Trash Removal
Water

Room sizes:

Living room: 18’ x 12’

Kitchen: 14’ x 9’

Dining room: 11′6” x 11′6”

Master bedroom: 14’ x 17’

Bedroom: 10’ x 11’

Bedroom: 11’ x 13’

Den/Office: 10’ x 8’

Laundry: 9’ x 8’6”

*All measurements approximate. Please verify if important.*

The following day, “The recession is over”
    The average home price is up
        The interest rates are near all-time lows
            The selection of properties is excellent
                The number of building permits (jobs) is up 

Who is right?

 When in doubt, Google it!

Google analytics measures the number and origin of the unique visits to our Office’s website.

The 18 months prior to May 2010 showed the visits to be about half of the traditional numbers and the origin to be mostly local. The sales during that period were less than normal and almost all local buyers. The sales were modestly priced homes $400,000 to $550,000 and condos $200,000 to $350,000…

Read entire newsletter…

Best price in this beautiful vacation complex. This suite has been tastefully decorated, has 2 bedrooms, 2 full bathrooms, a family-size kitchen with granite topped eating bar and a den/3rd bedroom. 1580 sq ft. There is great revenue opportunity here!!

View building information and amenities for Discovery Bay.

Email Bonnie to book a viewing of this property or if you have a question that has not been answered on this page.

Price: $399,000 NEW PRICE!
MLS® #10013450

Address: 138 1088 Sunset Drive
City: Kelowna
Province: BC

Water Influence:

Semi-Lakeshore

View:

Lake View

Property type: Strata
Type of dwelling: Apartment
Year built: 2003
Description of year built: Approximate

Style/Storeys: One Storey
Finished floor area: 1580 sq. ft.

Beds: 2
Full Baths: 2
Total Baths: 2

Interior Features:

Drywall
Fire Sprinkler System
Island Kitchen
Security System
Smoke Detector(s)

Equipment/Appliances Included:

Dishwasher
Dryer
Microwave Oven
Refrigerator
Stove – Electric
Washer
Window Coverings

Flooring:

Carpeting/Wall-to-Wall
Tile

Heating/Cooling:

Forced Air

Fuel:

Geothermal

Foundation: Concrete

Garage description: Single underground parking stall

Exterior Features:

Hot Tub
Patio

Site Influence:

Central Location
Downtown Core
Flat Site
Golf Nearby
Park Nearby
Public Transit Nearby
Shopping Nearby

Taxes: 2,521.67 (2010)
Zoning Type: Residential-Medium Density
Zoning Sub-type: Medium rise apartment
Title held: Freehold
Title form: Strata
Native land: No

Pets allowed: With Restrictions
Rentals allowed: Yes
Age restrictions: No

Strata Fees: $516
Fees Include:

Care Taker
Contingency Reserve
Heat
Insurance
Landscaping
Maintenance Hot Water
Management
Recreational Facilities
Sewer
Snow Removal
Trash Removal
Water

Room sizes:

Living room: 17’ x 16’

Kitchen: 10′6” x 12′6”

Dining room: 9′6” x 7′6”

Master bedroom: 17’ x 11’

Bedroom: 17′6” x 13′6”

Den/Office: 12′6” x 11’

Ensuite: 15’ x 7’

Bathroom: 5’ x 9′6”

Laundry: 7′6” x 8′6”

*All measurements approximate. Please verify if important.*

Excerpt from News from the Central Okanagan Economic Development Commission – June 21, 2010. To read the entire newsletter click here.

“This is an unprecedented and extremely important event in the history of UBC,” says Brad Bennett, Chair of the Board of Governors. “We’re grateful to the City of Kelowna for being such outstanding partners and for the opportunity to acquire this land. This ensures that UBC’s Okanagan campus can respond to the future needs of our region, our province and the country. The possibilities are limited only by vision and imagination.

“Endowment assets are a legacy held in perpetuity for the benefit of the university, to support the core mandate of UBC. Because of this, the Okanagan campus will be a direct beneficiary of the land, and of the future teaching, learning, research and recreational opportunities it will support.”

When UBC established its Okanagan campus five years ago, it acquired the former Okanagan University College’s North Kelowna campus, comprising approximately 105 ha. (260 acres) along Highway 97. The new lands are located between the current campus and Glenmore Road to the west. Sale of the North Glenmore property is expected to be complete by the end of June, and will be funded by UBC from its discretionary endowment over the next 30 years.

“I am truly pleased that we have been successful with our discussions with UBC Okanagan on this mutually beneficial agreement,” says Kelowna Mayor Sharon Shepherd. “The City looks forward to continuing our relations as we plan for future road and trail networks as well as land dedicated to civic use and environmental protection.” 

The University and the City of Kelowna are collaborating on plans for a public trail across the property, future roads (alignments to be determined), and to protect the two water bodies — Roberts Lake and a smaller nearby pond — as natural areas.

“I want to thank UBC’s Board of Governors for their vision and support for the new UBC Endowment Lands, and the City of Kelowna for being a strong supporter of this university,” says UBC President Stephen Toope. “The addition of these 256 acres increases the UBC land endowment to more than 1,500 acres. Together, we are building an outstanding university campus in the Okanagan and an extraordinary UBC system in British Columbia.”

“This campus has grown dramatically in its first five years,” says Doug Owram, Deputy Vice Chancellor and Principal of the Okanagan campus. “We have nearly doubled our numbers in many key areas, including student population, faculty and staff, and our facilities will soon have three times the floor space we had in 2005. And today, we are effectively doubling our land area, creating a resource that will help ensure our long-term future.”

Since UBC’s Okanagan campus was established five years ago, more than $400 million has been invested in new academic and student residence construction on the Okanagan campus, including the new Engineering-Management building, Health Sciences Centre, and Arts and Sciences II projects currently under construction.

Excerpt from UBC Media Release June 9th 2010.

Look no further this home has it all! Totally upgraded with class. Over 1400 sq ft on the main floor with a one bedroom suite. Just a few of the features this home has include 2 fireplaces, sunroom, decks, wine cellar, workshop and fruit trees. Master bedroom has an 11’ x 9’ walk-in closet, ensuite and office. Enjoy the marvellous lake, hill, and city views from the top of Mackenzie Bench.

View a Virtual Tour.

Email Bonnie to book a viewing of this property or if you have a question that has not been answered on this page.

Price: 539,900
MLS® #10010112

Address: 520 Gibson Road
City: Kelowna
Province: BC

View:

Lake View
City View

Property type: Single Family Residential
Type of dwelling: Single Family
Year built: 1969
Description of year built: Approximate

Style/Storeys: Rancher w/ Bsmt
Bsmt description: Full/Walkout/Fully Finished
Finished floor area: 2897 sq. ft.

Beds: 3
Full Baths: 2
Half Baths: 1
Total Baths: 3

Interior Features:

Drywall

Fireplace: 2 fireplaces

Equipment/Appliances Included:

Dishwasher
Dryer
Microwave Oven
Refrigerator
Stove – Gas
Washer
Window Coverings

Flooring:

Carpeting/Wall-to-Wall
Ceramic Tile

Heating/Cooling:

Central Air

Fuel:

Natural Gas

Foundation: Concrete

Garage description: Double attached garage with 4 additional uncovered parking spaces

Additional Structures:

Covered Deck

Exterior Features:

Garden
Private Yard
Two Balconies

Site Influence:

Landscaped
Park Like Setting
Paved Roads

Taxes: $2,903.00 (2009)
Title held: Freehold
Title form: Conventional
Native land: No

Room sizes:

Living room: 15’ x 19’

Kitchen: 12’ x 12’

Dining room: 12’ x 10’6”

Master bedroom: 15’4” x 12’

Ensuite bath: 7’9” x 11’

Bedroom: 9’5” x 18”

Bedroom: 11’6” x 9’

Den/Office: 11’ x 10′

Wine cellar: 5’9” x 20’

Laundry: 4’9” x 7’8”

Workshop: 20’ x 14’6”

Deck: 11’5” x 8’10”

Sun room: 7’7” x 24’

Deck: 7’9” x 9’

Suite living room: 13’ x 15’

Suite kitchen: 8’4” x 24’

Suite bathroom: 5’ x7’5”

Suite laundry: 11’ x 9’8”

*All measurements approximate. Please verify if important.*

CENTURIA URBAN VILLAGE! SW exposure open plan suite with granite counters, 2 large bedrooms, 2 baths, & island kitchen. Building boasts outdoor pool, hot tub, fitness room, sauna, and is steps to all amenities. City and lake views… it’s all here!

View building information and amenities for Centuria Urban Village.

Email Bonnie to book a viewing of this property or if you have a question that has not been answered on this page.

Price: $459,000
MLS® #10009353

Address: 612 1160 Bernard Avenue
City: Kelowna
Province: BC

View:

Lake View
Mountain View
City View

Property type: Strata
Type of dwelling: Apartment
Year built: 2007
Description of year built: Approximate

Style/Storeys: One Storey
Finished floor area: 1468 sq. ft.

Beds: 2
Full Baths: 1
Half Baths: 1
Total Baths: 2

Interior Features:

Drywall
Fire Sprinkler System
Island Kitchen
Sauna
Security System
Smoke Detector(s)

Fireplace: 1 Gas fireplace

Equipment/Appliances Included:

Dishwasher
Dryer
Microwave Oven
Refrigerator
Stove – Gas
Washer

Flooring:

Carpeting/Wall-to-Wall
Ceramic Tile
Other (See Remarks)

Heating/Cooling:

Central Air

Fuel:

Mixed

Foundation: Concrete

Garage description: Single Underground Parking Stall

Exterior Features:

One Balcony
Outdoor Inground Pool
Hot Tub

Taxes: $2,351.00 (2009)
Zoning Type: Residential-High Density
Title held: Freehold
Title form: Strata
Native land: No

Pets allowed: With Restrictions
Rentals allowed: With Restrictions
Age restrictions: No

Strata Fees: $289
Fees Include:

Care Taker
Contingency Reserve
Heat
Insurance
Landscaping
Management
Recreational Facilities
Sewer
Snow Removal
Trash Removal
Water

Room sizes:

Living room: 17’ x 12’

Kitchen: 13’ x 9’

Dining room: 13’ x 10’

Master bedroom: 13’ x 13’6”

Bedroom: 12’ x 12’6”

Ensuite: 13’ x 8’

Laundry: 6’6” x 8’6”

Deck: 12’ x 12’

*All measurements approximate. Please verify if important.*