A UNIQUE OPPORTUNITY IN BEAUTIFUL BRIDGELAND! 2 Bedrooms, 1.5 bathrooms, upper den, in-suite laundry and an attached single garage. Overall, in move-in ready condition, this property has hardwood floors, stainless steel appliances and a gas fireplace in the open plan living room. *******NOTE!!! THIS IS A COURT ORDERED AND LEASED LAND SALE. The Current Lease payment is $800/month. The condo fee is an additional $230/month. The Lease runs until the year 2070, with 3 consecutive terms of 25 years. Currently, it is 2 years into the 2nd lease term which means the payment will remain at $800/month until the year 2046, at which time it is subject to change. When all 3 terms are completed (in 2070), a new lease will be made or there is a possibility that the lease could be bought out by the current owner. All buyers will need a min. of 20% down as it is not CMHC Insurable. The Lease Agreement states that this unit cannot be rented out so this is not ideal for Investment Buyers.***** Please note: due to the huge amount of calls and emails on this property, I will not be responding to inquiries. I have provided the information that I have to share in the remarks. Any other questions, please ask your lawyer. (id:44663)
