This is a great rental property and you can save 10,000 dollars buying it. The quite and cosy building is located 10 minute walk to Fanshawe.
Assume TD of $68,500 on a 3.5 term and only owe 18 years at the end of the term.Balance at end of the term will only be $61,000. 3.5 years have been paid for you! CHMC insurance already paid for you!
Mortgage $474 (you can prepay 15% per year)
Taxes $69
Both rooms rent for $450 each.
To schedule an appointment please call.
Property Features
Location Details: Near Schools, Public Transportation, Fanshawe College
"The Land Transfer Tax in London, Ontario based on the selling price of $73,495.00 is $460.00."
* See the land transfer tax formula for Ontario
+ $0 to $55,000.00 - land transfer tax is 0.5% + $55,000.00 to $250,000.00 - land transfer tax is 1.0 + $250,000.00 to $400,000.00 - land transfer tax is 1.5%
$400,000.00 and up - land transfer tax is 2.0%
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