Are you retired and living on a fixed income? Are escalating property taxes a burden or does the prospect of converting home equity into serious cash by downsizing to a low maintenance, low price condo, have some appeal? Are you tired of always renting, trapped by the barrier of too much down to allow you to make mortgage payments instead of rental payments? If you answer yes to any of these questions then have a look at the following proposal. It is worth a fifteen minute read.
Down Payment $3,800 Monthly payment $180 Condo fees $210 Electric cost (average) $90
total monthly cost $480
If you are reading this you will probably be aware that North & central BC has low cost housing opportunities. Price is directly related to the ability to pay and for most of us that means having a job. The dramatic reduction in home prices (and rental rates) is a direct result of the lack of work opportunities in many regional centers.Just for once, Seniors with guaranteed incomes are in a better position to capitalize on this downturn than those with many expenses and an uncertain income.
The town of Mackenzie is quite typical. It’s a lumber town and neither the economy nor the pine beetle has been kind to the lumber industry. Mackenzie does have a few items in its favor and 2010 may well see the start of the turnaround. The areas lumber supply was less affected than many by the pine beetle and one shift has already resumed at the Canfor sawmill as a result of close available log supply. Across the lake the Mount Milligan copper/gold mine has most of its permits in place and expect to start construction work 2nd half of 2010. The mine owners, Terrane Metals have stated they will draw personnel from Mackenzie and Fort St. James.
The Valleyview condo building, at 101 McIntyre Drive Mackenzie BC V0J 2C0, is located on a slight rise overlooking the community of Mackenzie. The building is a three-story building with all units above ground. The main entry is level and leads directly to the ground floor units. A generous sized elevator across the hall from the main entrance access the second and third floors. Stairwells are located by the main entrance and at both ends of the building where there are additional entrances. The ease of entry coupled with the elevator make the building wheel chair friendly.
Most of the 42 units have the same floor plan as shown and are two bedrooms, two bathrooms. Three units have a single bathroom and there is a one-bedroom unit on the main floor. The floor plan lends itself to shared accommodation. The building was completed in 1982 and the strata council has employed a building manager continuously since inception. This is reflected in the overall good condition of the building and the grounds. Strata fees vary slightly according to unit size but are about $210 per month, which includes hot water and cablevision. Strata holds an adequate contingency fund. There are 67 parking stalls of which 42 have electrical outlets for block heaters. Each outlet is allocated to a specific unit and switched from within that unit.
The building was built at a time of considerable expansion in Mackenzie BC when there was a need for good quality low maintenance condo units that could be lived in or rented out. The building has proved popular with retired people. Currently 16 of the units are home to their owners and 17 of the units are still owned by the original buyers.
This is a significant buying opportunity as the lowered prices reflecting lowered business activity coupled with very low mortgage rates creates a total monthly cost of ownership that is at or lower than current rental rates. In fact the cost of living in Valleyview condo has never been cheaper. Email Scott for more info scottonepercent-website@yahoo.com
Mackenzie, BC has a swimming pool, indoor and outdoor skating rinks, curling rink, two beaches on Morfee Lake, churches, malls, tennis courts, college, banks, hotels, library, airport, stores and a 5-Bed hospital equipped with a lab, x-ray, heli-pad, Doctors' clinic, ski hill just east of the main town, 45 minutes away from Powder King ski hill, nine-hole golf course, snowmobiling too much to list all. Don't miss out on this chance to buy Mackenzie BC real estate at these low prices. For more info on Mackenzie BC homes for sale contact Scott Simmons scottonepercent-website@yahoo.com
Down payment for these Mackenzie BC condo: 10% (or $3,800) Interest rate: 3.99% Amortization: 25 years Based on these parameters, mortgage payment of $180per month Condo fees approx$210per month
Rental Options
The rental rate for a month to month rental is $645 a month including cable and hot water. There are units available for rent on all three floors. With a 12-month term the last two months are free.
With a 6-month term the last month is free.
For more information contact our Rental Manager, James McIntyre at 250-997-7619 or email at cherylca@telus.net
He has traveled the province extensively and can buy or sell real estate anywhere in the province of British Columbia.
Tel 250-538-8316
Fax 866-778-6376
