306 - 200 Back Rd, Courtenay BC

Awesome buy for first time buyers or investors. As first time buyer, putting 5% down, at a 2.59% interest rate, with a 5 year term, 25 year amortization, adding up your mortgage payment + monthly strata fee + property taxes, you pay $514/mo: a saving of at least $136 (current avg rents $650 - $700 for 1 bdr). As an investor, with 25% down, same mortgage terms as above, your monthly payment is $490!!!! This will give a significant positive cash flow. Nice unit on 3rd floor. Balcony enjoys mountain views and overlooks a large green space. Faces north/northwest, so you enjoy late afternoon sun and summer sunsets. Well managed building with incredible $117,600 in the contingency fund. Don't miss out!!!