The special deal is unit 3 in building 1: 3 BR approx 1600 sq ft; One car garage plus one stall in front of garage; Interior unit; See online video & pictures and floor plans; Condo fees about $200/month; Achievable rent about $1400 so cash flow neutral with 20% down hence better 25%; www.oliverlanding.ca
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VICTORIA INVESTORS NOTE: A THREAT IN THE BC PRESS RELEASE??? BC FINANCE MINISTRY WARNED AGAINST IT, BUT FOREIGN BUYERS TAXED ANYWAY TREND: MIXED-USE REITS COMMERCIAL / MULTI FAMILY 1,800 NEW HOMES FREE OF FOREIGN BUYER TAX FARMLAND RESTRICTIONS WILL START AND SPREAD WINNIPEG IS STARTING TO LOOK STRANGELY TEMPTING FOUR-PLEXES HOLD KEY TO VICTORIA RENTALS MORTGAGE RULES: PRIVATE MONEY FILLING THE GAP CMHC LATEST VACANCY RATE REPORT
$294,000 .. middle unit .. 2BR .. 2.5 baths .. 1428 sq ft .. 5 decks .. 5 appliances .. rents for around $1400 .. condo fees about $165/month as well as property taxes .. 10% management fee to PM .. construction start January 2017 .. expected possession date June 2017 ready for summer rental