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Glenn Simon Inc

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Detailed Information

  • Style: Arrowhead
  • Size: 1160 Sqft
  • Price: $218,000
  • Bedrooms: 3
  • Bathrooms: 1
  • Parking: Space

Detailed Information

  • Address: 141 AVe
  • City: Edmonton
  • Phone No.: 1-888-780-5940
  • Year Constructed: 1979
  • Area: Bannerman
  • Appliances: 5
  • Reserve Fund: N/A
  • Condo Maintenance: N/A
  • Foundation: Concrete
  • Construction: Wood Frame
  • Roof: Asphalt Shingles
  • Approximate Closing Costs:
  • Down Payment: $33,000
  • Legal: $3,000
  • Inspection: $650
  • Property Insurance: $300
  • Immediate Repairs and Supplies: $2,000
  • Staying Power Fund: $1,500
  • NCF: N/A
  • Total Cost To Close: $47,842
  • Purchase Date: February 1 2007
  • Current Date: September 1, 2007
  • Current Value: $250,000
  • Investor's ROI: 35%
  • Investor's Profit (estimated): $16,633
  • Other: This incredible investment includes: down payment, inspection, reserve fund, all legal fees, accounting, CMA, annual reporting, impeccable management, equity building tenants and a completely hands free profitable Edmonton, Alberta investment property.
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Remarks: Modern 3 bedroom townhouse in desirable Arrowhead Point complex. This investment benefits from RRSP Second Mortgage financing which leverages your investment to a 15% down payment or a total of 21% total investment. The terms of the financing are competitive at 13.5% interest only per year. What really makes this financing structure impressive is that you are not making any payments on principal or interest until the balloon payment is due in 2012. Immaculate condition, attracting solid equity building tenants. Rock solid revenue, appreciation and equity producing property.

Additional Info: This property is partnered on.