Long term investors this is the ultimate passive investment. Immediate gain (priced under market value). No expenses to pay, taxes, insurance, upkeep all paid for by the current owner who will remain resident. Seller is 70 years old and will maintain a Life Estate interest. Seller may consider paying rent and/or releasing the life estate to the owner for possession upon moving out of the home permanently (to a nursing home for example) dependent on the price negotiated. Possible vendor take back mortgage financing option at 0% interest, favoured terms 20% down remainder amortized over 10-15 years. Invest in this large bright lot in the evolving community of Norgate. A unique opportunity for serious investors!
Listing provided courtesy of REBGV/FVREB. Disclaimer: The information contained in this listing has not been verified by Macdonald Realty Ltd. and should be verified by the buyer.