Perfect student housing home!
Are you going to College or sending a son or daughter to school? This option is CHEAPER than renting an apartment or residence.
Sale price: $109,900
Mortgage (based on 3.5% interest, 10% down)
Mortgage: $493.83 a month
Hydro: $100.00 a month
Property tax & water tax: $120 a month
TOTAL: $713.83 a month to OWN the house.
Then once you/they are done school, either keep it as an investment or re-sell it!
Is that too expensive?
There is a 2nd bedroom which could be rented out. Main bedroom could be rented for $600/mth all included, 2nd bedroom for $450/mth all included.
Lets be generous and only rent the small room. That means you're monthly payment is $263.00 a month!!!
As a regular income property, local property management company has quoted $950 + utilities as an average rent to expect.
*Sellers willing to add appliances & Heat Pump A/C unit for cost.
This house is for sale only, not for rent by current owners. For more information, please reply or call Derek 613 861 9107.*