5th January 20:15
LOG HOME FOR SALE
See pictures at Kingstonbid.com
2500 square ft + 1600 square ft 2 bdrm rental unit
Large, private property. Can be severed.
12 years old
$12000 down, $500/month after rental income.
This is a very unique log home. Chalet style, but with a more modern looking
interior. Fully finished walk-in ba*****t can easily be converted into an
suite. The living area is open concept, cathedral ceilings, with huge beams
running across and all oak hardwood floors. The kitchen is all custom oak as
well. 2 large bedrooms upstairs, 1 downstairs with a walk-in closet. 2 full
bathrooms upstairs (ensuite with Jacuzzi tub), 1 full bathroom downstairs.
Laundry room, large recroom and small workshop downstairs as well. Gas heat,
central air, central vac, air exchange unit. The 2 bedroom LEGAL apartment
is very nice, also open concept, 800 square ft with an additional 800 square
ft unfinished walk-in ba*****t, and has it's own electricity meter.
Currently rented for $750/month+. The property is very large, 100 by 200,
with many trees that give us great privacy. The house can't even be seen
from the road until you're coming up the driveway. It is basically a country
house on a country property IN THE CITY. We're 1 km south of the 401, 7
minutes drive to downtown. The lot can also be severed if you wish to sell
or build another house on it.
What I meant by '$12,000 down, $500/month' in the above section is this.
We're asking $234,000. With the minimum down payment of approx $12,000, and
considering rental income of $750/month (banks will factor this into the
amount of money they'll let you mortgage through them if you have a rental
lease, which I do), you're left with a mortgage payment of $541/month (based
on the current 5 year closed interest rate of 5%). Why are we selling? I've
gotten a new job in a new city, so we have to move. The closing date would
ideally be December 31st, 2003, however we could possibly wait as long as
May 1, 2004. Give us a call at 613-541-1834 or email
firstname.lastname@example.org if you have any questions, or want to see the
NOTE: square footage approximate.