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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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213 7240 Lindsay Road, Richmond
MLS®: R2363069
1057
Sq.Ft.
1
Baths
3
Beds
1974
Built
Description
"Leasehold" 3 bdrms expires in 2087, with balcony and in-suite storage. Shared Laundry. Rental allowed. no pets. Excellent investment for your cash flow. The management fee $980.85 includes Property Tax, Heat, Water, Hot Water, City utilities, and Caretaker. Building updates: new exteriors, new roof, new double vinyl windows & balcony doors, new balconies, new pipping. Walking distance to McKay Elementary School, Burnett Secondary School, Thompson Community Center, Park, the Dyke, and Public Transit. It's hard to get a mortgage. Cash sale preferred. Seller's mortgage available for qualified buyers. Newly renovated in Feb 2023. Easy to show.
Amenities
Shared Laundry
Features
Refrigerator
Stove