4 bed
2 bath
1,426 sqft
Single Family Residence
Built in 1951
7,405 sqft lot
2 parking
1 fireplace
Freehold NonStrata
RSN zone
Public remarks
Long term investor alert! This is a unique opportunity. Seller will remain resident after completion via a Life Estate registered on title. Will remain responsible for the utilities portion of property taxes, cost of insurance, all repairs & maintenance but no rent payable. Life estate will be released for owners possession of the property upon the seller's death or moving out of the home permanently (to a care facility for example). Seller is 76 years old. Serious investors only please. Ask about possible vendor financing over 10 years.
Private remarks
Offers presented by Listing Agent only. Showings booked only after full understanding of the offering is established. Seller to remain resident. Buyer must agree to Life Estate in favour of the seller. See documents for terms. Contact Realtor for details. Measured by Optimum Floor Plans. Seller may be willing to provide vendor take back, as a traditional mortgage cannot be obtained for this arrangement. Ten year term and amortization, interest rate 4% minimum 25% downpayment.
Cooperating commission
3.22% on the first $100,000 and 1.15% on the balance
$1,199,000 ($840/sqft)
Active
Expiry date
Original price
Gross taxes (2024)
$6,696.62
Property transfer tax
$21,980.00
Last Updated: 11/18/2024 01:51 PM
Courtesy of Macdonald Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 1281 Mcbride Street | R2943989 | 11/18/2024 01:51 PM | 11/13/2024 | Active | $1,199,000 | Login to view | Julia Stauffer | Macdonald Realty |
| 1281 Mcbride Street | R2833309 | 11/12/2024 04:33 PM | 11/16/2023 | Terminated | $1,250,000 | Login to view | Macdonald Realty | |
| 1281 Mcbride Street | R2774854 | 11/05/2023 02:07 AM | 05/04/2023 | Expired | $1,250,000 | Login to view | Macdonald Realty |