1281 McBride st., North vancouver
LOCATION
The community of Norgate was built in the early 1950's, this family friendly neighbourhood is the last truly central, affordable area in North Vancouver.
Long Term INvestment Opportunity
This is a unique opportunity to Buy and Hold; solid, updated 4 bedroom, 2 bathroom home on large lot, with mountain views and a sunny south facing back yard, offered at the discounted price of $1,250,000.
TERMS OF SALE
- Seller will remain resident upon completion of the sale via Life Estate registered on title.
- The Life estate will be released to owner for possession upon the seller's death or the seller choosing to release the Life Estate if he moves out of the home permanently (to a care facility for example).
- Seller will remain responsible for the utilities portion of property taxes, the cost of insurance, all repairs & maintenance.
- Seller will not pay any rent. No shared living with Buyer.
- Seller is 74 years old. Contact Listing Agent for Seller's health details.
- Lenders will not finance this type of arrangement, therefore the Seller may finance, providing a mortgage with minimum 25% down payment, balance paid over a 10 year term and amortization at the prevailing 10 year interest rate (currently 7%). Provided at sellers discretion, buyer must agree to credit check.
get social
