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- Jan 29, 2008
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I came across a potential deal recently that's outside my area of expertise. I know some of you do AFS and some of you do suited bungalows in inner-city Calgary, so I thought I'd post this for discussion. Let 'er fly!
RC-2 Zoning, legal non-conforming suite (listed on the city website as having a suite). 5000 sq ft lot with single garage currently used for storage by owner, could be rented. 3 bedrooms up renting for 2 bedrooms down renting for $2100/month total. Utilities included (~300/mth) and taxes run ~$2100/year.
The deal would be an agreement for sale for ~1 year, purchase price of ~395,000.
Would you do this deal?
Regards,
Michael
RC-2 Zoning, legal non-conforming suite (listed on the city website as having a suite). 5000 sq ft lot with single garage currently used for storage by owner, could be rented. 3 bedrooms up renting for 2 bedrooms down renting for $2100/month total. Utilities included (~300/mth) and taxes run ~$2100/year.
The deal would be an agreement for sale for ~1 year, purchase price of ~395,000.
Would you do this deal?
Regards,
Michael