• Bedrooms

3

• Bathrooms

1

• Size (sqft)

680

Buy Now In Terrace Heights – Save Money - $24,000 below assessment – For Sale at $237,500 – Call 780-306-1907

PERFECT FOR THE INVESTOR OR FIRST TIME HOME BUYER!

Gorgeously renovated and updated bright 1947 bungalow. One bedroom up and two bedrooms in the basement. One full bathroom with room to add a 2nd in the basement. Located on a 33ft x 124ft lot in Prime Terrace Heights location with gorgeous Elm tree lined streets and neighbourhood improvements in 2013 included brand new sidewalks. Located in T6A 2X8 postal code, one block north of 101 Ave.

With 5% down payment: Interest rate: 1.9% Term: 25 yr Down payment: $11,875 Mortgage payment: $982 / month Own your own home for less than a rental and gain instant equity in a strong area of Edmonton for home values.

As Rental Property: 20% down payment Interest rate: 2.4% Term: 30 yr Down payment: $47,500 Mortgage payment: $795 / month Taxes & Insurance: $285 / month Rental projection: $1,400/month + utilities Projected cashflow: $319/month

5 Year ROI = 133% Appreciation @ 1.5% Mortgage paydown: $23,781 Cashflow: $19,155 Appreciation: $20,581 Buy / rent out / new build in future for 650K ARV or more. Call: 780-306-1907

Ideal investment, revenue or redevelopment property. New built / infill home on this lot would see significant value and equity increase for the new owner. Partially finished basement has 2 bedrooms, laundry, and room for a second bathroom. Less than 10 minutes to Downtown and the River Valley, 15 minutes the U of A, 5 minutes to Capilano Mall, Near walking and biking trails. Close to schools, parks, playgrounds, transit and all amenities.

 680sqft main floor,Ø  partial finished basement has 2 bedrooms,Ø  Fully upgraded main floor,Ø  new bathroomØ & kitchen,  new laminate flooring,Ø  new windows,Ø  Electrical upgraded (100 AMP service)Ø  high efficiency furnace and hot water tank,Ø  Fully fenced yardØ  Full sized concrete pad ready for a brand-new double garage.Ø

Buy now, don’t wait for higher spring market pricing! This property is being offered at lot value and you get the renovated bungalow for free! For address and property information call 790-306-1907 Mortgage pre-approval is required.