November 7, 2013
New property listed in Naramata
Categories:Naramata Real Estate
I have listed a new property at 14-18 650 Ellis AVE in Naramata.
CONTINGENT A great opportunity to acquire 5 brand new townhomes in Naramata Village. All units are currently rented with 1 year leases in place to respectable tenants. At current rental rates and asking price the Gross ROI is 4.8%. The initial sales in this complex were sold at $388,080, now get these at under $310,0000 (GST & HST paid) per unit. Kitchen appliances included. Home warranty in place for another 9 years. With a strong rental market, good returns, minimal depreciation and very good potential for capital increase, this is a fantastic opportunity for the investor looking for a safer investment in volatile times.