Investment Property in Kelowna

Investment Real Estate in Kelowna

Kelowna property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Kelowna .

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Search Map of Kelowna Investment Real Estate

Kelowna () is a city on Okanagan Lake in the Okanagan Valley in the southern interior of British Columbia, Canada. It serves as the head office of the Regional District of the Central Okanagan. The name Kelowna derives from the Okanagan word kiʔláwnaʔ, referring to a male grizzly bear.

Kelowna is the province’s third-largest metropolitan area (after Vancouver and Victoria), its seventh-largest city overall, and the largest in the Interior. It is the 22nd-largest metropolitan area in Canada. The city proper encompasses 211.82 square kilometres (81.78 sq mi), and the census metropolitan area 2,904.86 square kilometres (1,121.57 sq mi). In 2019, it was estimated that Kelowna’s population had grown to 217,229 in the metropolitan area and 142,146 in the city proper. After many years of suburban expansion into the surrounding mountain slopes, the city council adopted a long-term plan intended to increase density instead – particularly in the downtown core. This has resulted in the construction of taller buildings, including One Water Street – a 36-storey building that will be among the tallest in Kelowna once completed in 2021.

Nearby communities include the City of West Kelowna (also referred to as Westbank and Westside) to the west, across Okanagan Lake; Lake Country and Vernon to the north; Peachland to the southwest; and Summerland and Penticton to the south.

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The financial stability of Kelowna has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Kelowna

Renting out your Kelowna buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Kelowna are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Kelowna and be prepared to change your initial outlook.
Thoroughly research the Kelowna location with a special emphasis on fringe areas outside the main Kelowna metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Kelowna.
Ensure that your target investment property in Kelowna appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Kelowna properties yourself is an easy option, but are these savings justifiable when you run into Kelowna red tape? Physis Realty Kelowna office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Kelowna buy-to-rent sector.

With our expert guidance, investing in Kelowna provides the secure knowledge that your money is working harder than it would in a local Kelowna bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Kelowna, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Kelowna property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Kelowna

Flipping property in Kelowna

Flipping property is when we advise clients to buy a Kelowna property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Kelowna market has a time to react to the renovation.

The Flipping Strategy in Kelowna

Investment property flipping in Kelowna is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Kelowna real estate investments are sometimes referred to by professionals as ‘distressed’ Kelowna real estate.

What is distressed Kelowna property:

Kelowna property in need of renovation
Kelowna real estate with a change of purpose and use
Oversold Kelowna property
Bank repossessions in Kelowna

Put simply, long term investors in Kelowna purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Kelowna investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Kelowna property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Kelowna use a minimum profit value of 22% when looking at potential Kelowna projects. The reason for this is because there are lots that can go wrong in Kelowna property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Kelowna

For luxury property investors hoping to add a superb property in Kelowna to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Kelowna, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Kelowna should be entrusted to only the highest-quality agency.

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