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$339000 / 2br - Pay your mortgage instead of Rent/Investment Property in Salt Spring Island, British Columbia

# Bath
Sq Ft
# Bed
Nursery Hill Drive at Six Mile Rd, Thetis Lake
** No Rental Restrictions **
Your rent could be your mortgage payment on your own top floor, 2 bedroom 2 bathroom condo.
Property tax is $150/month
Strata are low at $260/month
Depending on how much you put down, a $300k, 25 year mortgage would be around $1400 right now. There are no rental restrictions so you can rent out and cover your mortgage if you did have to move, or do short term rentals and make a profit.
You would not have to pay the GST on the condo as I did. And if you are first time home buyer then no Property transfer tax. Your only fee would be some legal cost for your docs.
I purchased in 2008 for $329,000. I would let it go for $339,000. Unit currently rents for $1400/month. You can keep current tenant in as is!
Steps to Thetis Lake
Newly completed grocery market.
Close to hospital.
Close to Interurban Campus
Close to highway
Park across the way
Pet friendly building
Detached gym
Close to Galloping Goose
Close to major bus routes

Type: Condo for sale
Province: British Columbia 
City: Salt Spring Island 
Category: Condo for sale
Condo for sale in British Columbia
This ad is older than 2 months.
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