This blog focuses especially on properties for first time home buyers, be they recently graduated high school students who want to save over college or just get in the market asap, or the young family looking to leave the rental market. As such I translate an unimaginable 6 figure number into a more mangeable real cost of entrance and an estimate of the monthly housing expenses to live there going forward.
All payments are estimates based on the nation's leading lending rate (offered by Centum Primo, exclusive to Centum), plus estimates of monthly payment costs (mortgage payment, property tax estimate). The 'upfront' cost is made up of the downpayment and property transfer tax (which has rebates for new builds and first time home buyers).
When shopping for mortgages, rates aren't everything but by working with Centum you can be assured the best mortgage for your circumstances; for example, the listed upfront cost for each home is the needed down payment plus the property transfer tax, a tax which is rebated for first time home buyers or new builds. Talk to your mortgage broker about other savings options. Click here to fill out an application and get the process started, or fill out the 15 Minute Mortgage widget below.
7 - 220 Prior Road
This 3 bedroom 2 bath townhome is deceptive on a few fronts, the space is surprising at more than 2000 square feet, a large living room features a wood burning fireplace and access to the covered patio, and this end unit comes with a detached double garage, a unique feature for most townhomes. The master bedroom features both a walk in closet and ensuite. A finished basement has a large family room, a good sized den, and a large bedroom that lacks a closet but is large enough it could be divided further. This home could be yours and is a wonderfully easy in to the market, requiring only $13,643 down with a $2,598 first time home buyer's rebate making it effectively $11,495 down, with future monthly payments of ~$1,390. For more information or to schedule a viewing contact Tim Stanfield at Remax Kelowna.
560 McCurdy Road
This 4 bedroom, 2 bathroom quadrant of a four-plex is an ideal buy for first time home buyers. Not often do you find reasonable townhomes with no child or pet restrictions AND without any strata fees AND fully furnished AND within the community core such that the schools and pools are only a few blocks walk away. With an upfront down paymant of only $16,000 and ongoing monthly payments of ~$1,575, again, for 4 bedrooms, property transfer tax for non first time home buyers is only $4,400 which also makes this an amazing buy for anyone moving into the area in need of furnishings who doesn't qualify for the first time home buyers rebate. If you'd like more information or to schedule a viewing contact Carrie Wiebe at 2% Realty.
16 - 788 Rutland Road North
This 3 bedroom 2.5 bathroom townhome is ideally located across the road from Rutland Middle School. A nice open concept provides a spacious feel that goes wonderfully with the bright kitchen. There is a master on the main floor and a fully unfinished basement to become whatever the buyer wants. This home could be yours for as little as $24,236 upfront with the first time home buyer's rebate at $5,496 and future ongoing monthly expenses of ~$1,965 including the strata fees. To schedule a viewing or for more information contact Mark Jontz with Royal LePage.
260 Langford Road
This 3 bedroom 2 bath home sits on a nearly quarter acre lot is located on a quiet block in the heart of Rutland, only a few blocks from all the amenities(schools, rinks, library, pool, grocery stores, dog parks). Plenty of yard space and a comparably low price point could leave a buyer some room to purchase plus improvements to expand it or put in a nice shed or pool. This home could be yours for only $25,160 with first time home buyers open to a $5,760 first time home buyer's rebate, with monthly expenses of only ~$1,919 per month prior to taking any advantage of an inlaw suite(either through roommates or AirBnB). If you'd like more information or to schedule a viewing contact Brett Adamson with Royal LePage.
1265 Rutland Road North
This 5 bed 2 bath home sits on another sizeable nearly quarter acre lot and features a great affordability feature in a 2 bedroom suite. A well landscapped yard with ample parking room and a yard large enough to consider putting in a pool, a shed, a playground for the kids, or one of these if fitness suites your fancy and you want to save on a gym membership. Only a few blocks away from elementary schools, the local middle school, high school, swimming pool, gymnastics center, and hockey rink there will be no shortage of nearby activity for an active young family. This could be your home for as little as $28,443 down with first time home buyers able to save $6,698 in transfer taxes, and future paymants of only ~$2,149 per month, prior to taking any rental income from the suite into account. If you'd like more information or to schedule a viewing, please contact Harold Kullman at Coldwell Banker Horizon Realty.
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