“Mary’s Fancy Property” – PRICE UPON REQUEST

 

This property is a DISTRESSED SALE.

Price Upon Request …

Property is 714 m2.

Market value $605.000

Auction value $424.000

 

Properties such as this one that we have labelled DISTRESSED SALE are often priced below market value, but may only be available for a limited time.  Sometimes the timing of purchasing real estate is as important as the location!

 

Most of the properties we have labelled as DISTRESSED SALE are at risk of foreclosure and this is why the homeowners, the banks that have a mortgage on the properties, and ISLAND REAL ESTATE TEAM work together to find a buyer fast.

 

Some restrictions apply:

 

Homeowners may or may not be willing to show their home to prospective buyers.

Homeowners and banks both have to approve the offer

It is possible that the properties suffer from some neglect and will need repairs.

Sometimes the home will be sold via an auction.  If that is the case, then the cost for the auction are to be paid by the buyer.

For other brokers looking at these listings, please note the commissions have been discounted …

 

The apartment units within the building include the following features and amenities:

 

Ground floor level

Two 2 bedroom apartment units, each units has

Living / Dining / Kitchen

Bedroom 2 with closet

Bathroom 1

Porch

 

Two 1-bedroom apartment units, each unit has

Living / dining / kitchen

Bedroom 1 with closet

Bathroom 1

Porch

 

One 1- bedroom apartment unit

Living / Dining / Kitchen

Bedroom 1 with closet

Bathroom

Porch

 

Septic system

 

Second floor

One 4-bedroom apartment unit

Living / Dining / Kitchen

Master bedroom with bathroom

Bedrooms 3 with closets

Bathroom 1

Corridor

Balcony

Common stairs

 

Three 1-bedroom apartment, each unit has

One 1- bedroom apartment unit

Living / Dining / Kitchen

Bedroom 1 with closet

Bathroom 1

Balconies (front and rear)

Exterior stairs

 

Site improvements

Paved parking

Block work fencing