Outline:
1 Bedroom Unit. (680 sft). With Private Storage Room. Very Clean Apartment. Bright, Facing South. Very Quite and Secure Concrete Building. Gated Underground Parking. 6 Appliances: Fridge, Stove, Washer & Dryer, Dishwasher, and Microwave Oven.
Details:
This is the only 1 Bedroom unit (680 sft) you will find in a high rise building in Central Maple Ridge. It is located on the fourth floor at the “Gordon Tower”. The Gordon Tower Building was built in 1991 and is located on 222nd Street (almost at the corner of Dewdney Trunk Road). The unit is facing South, giving you plenty of sunshine and daylight. In Winter, is very warm and there is very little usage of the board electrical heating, thus saving you money. In Summer, no need to turn the lights on, very bright all day long. Lots of windows.
Very clean unit. Very quite concrete building; you don’t hear your neighbours above, below or beside you. Also, there is gated underground parking available.
Full bathroom, plus washer and dryer (1 year old), fridge (1 year old), microwave oven (1 year old), stove, and dishwasher.
You can walk to all amenities, schools, transit, doctors & shopping (you don’t need a car).
Asking Price: $169,000
2009 Property Taxes: $606 (Basic Grant included)
Strata Fees: $164
Investors:
RENTALS ALLOWED! This 1 bedroom apartment is priced to sell quickly.
This is the only 1 bedroom apartment you will find in a high-rise building.
POSITIVE CASH FLOW or INVEST FOR APPRECIATION. Small VTB available.
Do your own math.
Quick math:
Asking Price: $169,000
25% Down Payment: $42,250
Mortgage: $126,750 @ 2.65% = $463
Expenses:
Mortgage: $463
2009 Property Taxes: $1,160 ($96/mth)
Strata Fees: $164
Total Monthly Expenses: $723
Income:
Rent: $800
Properties like this in central Maple Ridge are very difficult to find.