Investment Package P HASE ONE - 18 UNITS Mortgages #12051 VALOUR CAPITAL CONSTRUCTION
18units available Investment Overview Riddell Gardens is located in the heart of Woodstock and is the next great condominium townhouse community to be built in the area. No detail is left untouched in this fifty six unit complex, combining modern elegance with a comfortable charm. Learn more about this great opportunity in the following package. Special Offer from Take advantage of a PHASE ONE preconstruction offer today! $167,575 Includes HST Appraised from $198,730 per unit Special Offer from $179,999 inc. HST Less NHR Rebate of $12,424 Exclusive Investor Price from $167,525 Immediate Equity of over $30,000 18 2-bedroom rental townhomes (Up to 939 sqft.) Prime High End Area POSITIVE CASH FLOW upon rental Sysco Plant bringing 350 New Jobs Woodstock Vacancy Rate only 1.8% Investor may purchase multiple units Only $2500.00 to Reserve Your Unit
Feature Sheet* Exterior & Common Finishes: Low maintenance clay brick and vinyl siding with shake style vinyl Heavy Duty Timberline designer shingle Concrete foundation walls with damp proofing and weeping tiles Roof construction is prefabricated roof trusses R-50 blown attic insulation, R-25 wall insulation Aluminum vented soffit, facia, eaves troughs and downspouts Outdoor light fixture at entry doors All walkways will be poured concrete Fully sodded with landscape treatment Asphalt driveways Poured concrete patio on Garden Walk Out suites (lower units) 6 foot solid pressure treated fencing required on site plan All porches and stairways will be pressure treated lumber Pressure treated privacy screen between Garden Walk Out suites (lower units) Walls, Ceilings & Trim: Baseboard is 3 7/8 MDF step base Casing is 2 ½ MDF Textured ceilings throughout unit except in bathrooms and kitchens Two coat interior paint with neutral colour Wire shelving in all closets Antique nickel interior door handles knob style Mechanical: Heat pump furnace with electric backup All utilities to be underground Individual metered units for hydro Electric hot water tanks 1 non freeze tap per unit Heat pump central air conditioning Electrical: One weather proof exterior electrical outlet per unit Doorbell and chime 2 cables and 2 telephones prewired Interior light fixtures Light over kitchen sink on its own switch Decorative lights over bathroom vanities Doors & Windows: Light enhancing colonial style insulated front door with decorative hand set Energy efficient vinyl clad windows, operable casement windows with screens Light enhancing rear colonial style aluminum insulated door Flooring: 28 oz. wall to wall carpet and 9mm under pad Vinyl flooring in kitchen, bathroom as well as in laundry areas Kitchen & Appliances: Custom cabinetry with laminate counter tops Double stainless steel sinks with single lever faucet All suites to be completed with 5 appliances Vented Microwave over Stove Dryer to be vented outside Bathrooms: 30 inch high Barzottis builders line with laminated countertop Mirrors installed over vanities Exhaust fan to be vented outside One piece Mirolin acrylic tub with surround shelving and side bar Sound Barrier: Resilient channel and insulation between units and floors *Features are subject to change.
Site Map MELBOURNE AVENUE 2 1 3 5 7 9 11 13 15 17 1/2 PHASE ONE / BUILDING A 3/4 5/6 7/8 9/10 11/12 13/14 15/16 17/18 GRAHAM STREET V 6 8 10 12 14 16 18 PHASE THREE / BUILDING C PHASE FOUR / BUILDING D PHASE TWO / BUILDING B RIDDELL STREET Riddell Gardens CONDOMINIUM TOWNHOUSE COMMUNITY
Purchase Model using Unit 12A as an example: Purchase Model Purchase Analysis Appraised Value $210,630 Exclusive Investor Price $177,815 Revenue Cash Flow based on $1,250 per month estimate. Income: $15,000 less Vacancy 1.5% CMHC: $225 Effective Gross Income: $14,775 Estimated Operating Expenses Annual Realty Tax: $1,700 Annual Insurance: $350 Heat & Hydro: Covered by Tenant Estimated Maintenance: $400 Management 5% inc. HST: $ 648 Condo Fees $ 175 per month: $2,100 Total Operating Expense: $ 5,198 Net Operating Income $ 9,577 Debt Service 80% financing on $190,999 = $152,799 @ 3% 25 year am. Monthly payments of $723 Annual payment of $8676 Net income after debt service annually: $901 Monthly income: $75 monthly Annual principal repayment: $4438 Combined annual return: $5340 Funds required to close 20% down: $35,563 Plus closing costs of estimated 1.5% of the purchase price: $2667 Total down = $38,230 less Rebate = -$13,184 Total Investment = $25,046 In this Purchase Model 21.32% cash on cash return Plus immediate equity of $32,815! * Taxes & Condo Fees Estimated * Rental Income not Guarenteed * Mortgage Rates Subject to Change
GARDEN WALKOUT UNIT 2 835 S.F. LIVING / DINING ROOM 16 10 x 15 4 PATIO KITCHEN 10 x 9 BEDROOM 7 7 x 10 6 W D MASTER BEDROOM 11 x 12 $167,574
UPPERSCAPE UNIT 1 835 S.F. PORCH LIVING / DINING ROOM 16 10 x 15 4 DECK KITCHEN 10 x 9 BEDROOM 7 7 x 10 6 W D MASTER BEDROOM 11 x 12 $167,574
GARDEN WALKOUT UNITS 4, 8, 12, 16 885 S.F. UNIT 4 is Wheelchair Accessible BEDROOM 9 6 x 9 6 MASTER BEDROOM 11 6 x 11 D W KITCHEN 10 x 14 LIVING / DINING 11 6 x 19 PORCH $177,815
GARDEN WALKOUT UNITS 6, 10, 14, 18 885 S.F. MASTER BEDROOM 11 6 x 11 BEDROOM 9 6 x 9 6 D W KITCHEN 8 x 11 6 LIVING 12 x 16 BREAKFAST 7 6 x 9 6 PATIO $177,815
UPPERSCAPE UNITS 3, 5, 7, 9, 11, 13, 15, 17 842 S.F. PORCH BEDROOM 9 x 10 KITCHEN 9 x 10 W/D LIVING / DINING 11 2 x 24 MASTER BEDROOM 10 x 12 6 DECK $168,972