View the 3D tour by clicking on the arrow in the second photo.
Undivided co-ownership: 20% down payment, mortgage with Caisse Populaire des Desjardins
Mortgage Broker Stéphane Daigneault 514 777-5443
The apartment is responsible for 28% of the fees and taxes: $2,031.96 for municipal taxes and $267.21 for school taxes. The total monthly cost, including taxes, electricity, and building insurance, comes to $336.60 per month,whereas with a divided co-ownership, you'll need to budget an additional $300 to $400 per month for condo fees.
First, there is no joint account for the condominium--you pay directly for insurance, taxes, and electricity-...-no condo fees, lower municipal and school taxes, no self-insurance fund, and savings on your insurance policy.(between 5000$ and 6391$)
By choosing undivided ownership at 318A Marie-Anne, you turn administrative costs into net equity.
This strategy allows you to generate additional profits over 10 years. You're not just paying for a place to live; you're investing in your own assets rather than those of the bank or the homeowners' association.
Renovations using high-quality materials.
Materials cost $37,765, and while specialized labor was used, most of the work was done by the owner (see the cost breakdown). No work needed for the next ten years
Well-maintained and very solid building, log structure--see photo 36. Front stone facade partially redone and reinforced in 2020, roof redone in 2020, basement plumbing with backflow preventer, maintenance work
no major work anticipated.
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