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Businesses For Sale   >>   Ontario Businesses For Sale Categories   >>   

14 Condo Townhomes

Location  Ontario,Canada
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1980
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Power of sale.
Description  14 condominium townhouses located in Orillia a stone throw away from lake Simcoe. Only 130 km north of Toronto and 40 km north east of Barrie. This condo complex, 44 units in total, adjoins expensive townhomes. Condo townhomes in immediate area were sold in 2007-209 within range $160,000-$170,000 Floor area between 1,176 sq.ft. to 1,320 sq.ft. 2 storey, 6 rooms, 3 bedrooms, one 4 piece bathroom. 1 car built-in garage. THESE TOWNHOMES NEED RENOVATION AND NEW APPLIANCES Municipal water and sewer. Services: electricity, telephone, cable TV and high speed Internet, bus service, natural gas. Current monthly condo fee is $164.00 and it includes only outside maintenance. Financing is available with 25% downpayment, 1 year term, 25 years amortization, interest rate 7%, fully open. MPAC assessment values as of January 1, 2008 ranged from $134,000 to $145,000 Property taxes in 2008 were approximately $1,550 per year. Asking price $120,000 per unit, sold under POWER OF SALE, have to be bought together as a package. Thank you. Andrew Sobczak Broker of Record On Georgian Bay Real Estate Inc. Real Estate Brokerage Member of the Muskoka & Haliburton Real Estate Board RR2, PO Box 174, Victoria Harbour, ON L0K 2A0 Email or phone 705 543 1341
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