This week we have one new property and we have revisited two properties from last week. I would like to stress that especially for purchasers who are getting into the market for the first time this is the the time to buy. Interest rates are low and there are lots listings on the market to choose from. On that note we have two condos and one home have a look at the details and be sure to contact me if you would like more information or to book a showing for one of the properties.
Green St: 3 bed 1 bath
What makes this property special?
Great First time home, nicely appointed and located close to parks and shopping in a good area . Great separate studio that could possibly be rentable.
The Bottom Line:
Renting a three bedroom home of this caliber is guaranteed to cost you at least 15000 a month and this is money that you will never see again .
The Numbers:
Monthly Payments: $1,527.43
Down payment: $19,950
Begbie St: 2 bed 1 bath
What makes this property special?
Good Location, close to shopping and bus routes. One bus to UVIC or Camosun.
The Bottom Line:
Buy this condo rent the second room for $600 per month to a friend and only pay $300 a month. Then when you graduate sell the condo and make some money on appreciation and get back all that money that you would have wasted on Rent.
The Numbers:
Monthly Payments: $876.65
Less rental of the second bedroom: 276.65
Down payment: $11,450
Cloverdale St. : 2 bed 1 bath
What makes this property special?
Good Location, close to shopping and bus routes. Short bus ride to UVIC or Camosun.
The Bottom Line:
Buy this condo rent the second room for $600 per month to a friend and only pay $400 a month. Then when you graduate sell the condo and make some money on appreciation and get back all that money that you would have wasted on Rent.
The Numbers:
Monthly Payments: $902.27
Less rental of the second bedroom: 376.65
Down payment: $11,450
I am always available to answer questions, show properties etc…. Don’t get caught up in the electronic world too much be sure to get out and view some properties in person, it makes a difference.
