Asking price: $106,900.
Negotiated price: $102,500.
Condo fee: $200 per month
Rent per month: $875 tenant pays hydro.
1 parking included. Use of an outdoor swimming pool is included.
I feel this rent is low. Plan to increase it by $50 to $925.
Condo Special assessment $400 per year is going on.
This is on the first floor of a 20 storey building. Built in 1968.
Other 2 bedroom apartment in the same building at higher floor is listed at $139900 and $169900.
Central Hot water tank. Water and hot water provided as part of the Condo fee.
Cap rate: 6.3
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