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1 total messages Started by Ronnie Hamoui Mon, 08 Nov 1993 20:07
House for Sale / Investment opportunity
#65
Author: Ronnie Hamoui
Date: Mon, 08 Nov 1993 20:07
45 lines
3028 bytes
    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.

        - 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 
	- Hard wood 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 with fire extinguisher.
	- All copper wiring (84)
	- Recently structurally assessed (Aug 91).
	- Fenced in  backyard with patio and shed 
	- Taxes 93 - $1100
        - Close to Ottawa U / Rideau center / IGA / LOBLAWS / Byward Market.
        - Asking 143,000
     
     As an investment
     ================

     Can easily be rented out for $1100 a month. 

     Taxes = $1100 / 12                                     $92 / month
     25yr year mortgage $120,000 for 3 yrs @ 8%            $915 / month
                                                          -------------
							   1007 / 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.

     For more information or for viewing contact 

                   Ronnie  763-3907(w) 
                           789-6791(h)
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