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$399,900
Available - For Sale
Listing ID: X12013756
Looking for a low-maintenance investment property? Let's chat about this income-generating mobile home park in Winchester. This 1.3 acre lot contains 7 mobile homes with land leases, located in a quiet community and backing onto fields on the edge of town, but still walking distance to all of the amenities available in Winchester. The owner of the mobile home park is responsible for infrastructure maintenance (road, water and septic), but the mobile home tenants are responsible for maintaining their homes, which results in a hands-off investment property. There is municipal water supplied to all homes, and shared septic systems. This is an excellent investment opportunity which has no vacancy loss with a 100% occupancy rate as tenants do not want to miss a payment and risk losing their home. Also, the insurance costs are far less than multi-residential properties. Winchester is a great town with all amenities including shopping, hospital and anything else you might need! Situated 40 min south of Ottawa. With the current demand for housing, this affordable option is sure to attract clientele for many years to come!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $32,495 $64,990 $97,485 $129,980
First Mortgage $617,405 $584,910 $552,415 $519,920
CMHC/GE $16,978.64 $11,698.2 $9,667.26 $0
Total Financing $634,383.64 $596,608.2 $562,082.26 $519,920
Monthly P&I $2,717.02 $2,555.23 $2,407.35 $2,226.78
Expenses $0 $0 $0 $0
Total Payment $2,717.02 $2,555.23 $2,407.35 $2,226.78
Income Required $101,888.1 $95,821 $90,275.8 $83,504.14

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TEAM REALTY

12170 County 3 Road , North Dundas, K0C 2K0, Stormont, Dundas


 
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Type: Com - Land
Area: Stormont, Dundas and Glengarry
Municipality: North Dundas
Neighbourhood: 706 - Winchester
Style:
Lot Size: x 192.45(Feet)
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Tax: $2,502.48
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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