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Article #55

House for sale in the Heart of the Market

#55
From: Ronnie Hamoui
Date: Wed, 11 May 1994 14:11
44 lines
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    I have a  semi-detached  home for sale, at 276 Clarence  St., in the
    heart of the market that is an excellent  investment  opportunity  /
    personal use home. Lots of renovations:

        - 3 bedrooms  with loft style  master  bedroom 
        - 5 Appliances (Fridge / Stove / Dishwasher / Washer / Dryer)
        - 1 large bathroom with efficient  shower massage  shower head  
        - 10 foot ceiling  on main floor 
        - All new wall to wall carpet
        - Hard wood floors on 2nd & 3rd floors
        - New (OCT 93) Natural  gas furnace / hot water tank with 1 year free
          rental. Estimated heating cost at $600 a year
        - Programmable thermostat  
        - Newly built front gabled roof  (OCT 93)
        - Re-finished kitchen.
        - All copper wiring (84)
        - Recently structurally assessed (Aug 91).
        - Fenced in  backyard with patio and shed 
        - Taxes 93 - $1500
        - Close to Ottawa U / Rideau center / IGA / LOBLAWS / Byward Market.
        - Asking 139,000
     
     As an investment
     ================

     Can easily be rented out for $1100 a month. 

     Taxes = $1500 / 12                                    $125 / month
     25yr year mortgage $120,000 for 2 yrs @ 8%            $915 / month
                                                          -------------
                                                           1040 / month
     
     All expenses are tax deductible  
        - Interest 
        - Lawyer fees (capital costs)
        - maintenance costs
        - property taxes
        - etc. 
     
     This  home  will pay for  itself  and will  appreciate  in value as
     demand for the land increases.

     Ronnie at 763-3907(w) or 246-3208(h)
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From: hamoui@bcarh59e.bnr.ca (Ronnie Hamoui)
Newsgroups: bnr.general,ott.forsale,ont.forsale,ott.housing,misc.invest.real-estate
Subject: House for sale in the Heart of the Market
Date: 11 May 1994 14:11:16 GMT
Organization: Bell-Northern Research, Ottawa, Canada
Lines: 44
Sender: hamoui@bcarh59e (Ronnie Hamoui)
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