For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
Mortgage rates are estimates of current rates. No fees are included.
This 6000 sq.ft. property, centrally located in the heart of Lonsdale provides a rare opportunity for a builder/developer. This property has recently been approved for redevelopment. As it stands there is a 3,214 sf historic home which will be revitalized and converted into a duplex with a mortgage helping suite downstairs. The East duplex will be 1924 sq.ft., while West duplex will be 2216 sq.ft including a 666 sq.ft. suite. Additionally a 1028 sq.ft. laneway house has also been approved. Projects like this are difficult to come by. All 3 main units will be stratified, enabling the owner to sell them individually once completed. Live in one unit while enjoying 3 revenue streams, all with easy access, centrally located and with spectacular ocean and city views.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.
