Sunday, June 30, 2013

FOR SALE | 450 CONDON TER SE #201 (2bdrms) - $40,000

Assuming you could put down $8,000 (20 percent of the asking price) and get a fixed rate 30 year mortgage of the remaining $32,000 at 7% interest your estimated monthly mortgage payments would be approximately $213.  Not to say this is a good investment, only to show the reality of what is currently available for purchase on the condo market now in Ward 8.

I had a friend who bought in this building in 2008 and paid somewhere around $170,000 for a one-bedroom. 

If this is what "gentrification" looks like...

Go HERE for the full Remax listing.
"Two bedroom condo with hardwood floors throughout, granite counter tops and stainless steel appliances. Condo fee is estimated. Unit being sold strictly "as is"."

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