I have listed a new property at 47 First Avenue in Gimli. See details here
Starting at $359,900 We are just getting the final touches on the landing page, which will be online early next week. However, in the meantime, we have put the following information together. A life lease is a specific kind of written tenancy agreement. Under a life lease, a tenant pays an entrance fee for a rental unit. A life lease can be for the life of the tenant or for a specific term (for example: 50 years) A tenant in a life lease does not own their unit. A tenant ‘purchases’ the right to occupy that particular space. For more information on Life Lease, visit https://www.gov.mb.ca/cca/rtb/ot/lifelease/index.html 47 on First has 8 units. Each unit is 1140 sq ft with a 60 sq ft private balcony. They have two bedrooms, two bathrooms and have in-suite laundry. Appliances include fridge, stove, dishwasher, microwave, washer and dryer. Cost per suite: Level Lake view Lake side 4 $425,900 $489,900 3 $409,900 $469,900 2 $379,900 $429,900 1 $359,900 $409,900 The tenant will pay their proportionate share of the cost of operation of the building. In this building, there are 8 units sharing in that cost. That fee, referred to as the common fee, covers wifi, rooftop access, ground repairs, maintenance, parking, sewer and water and property taxes. The tenant also pays rent each month. The amount of rent will vary depending on the percentage of the entrance fee the tenant paid and their proportionate share of operating costs. That percentage can range from 50% - 100%. Example of monthly cost: Lake view first floor - $359,900 Entrance fee Common Fee Monthly Rent Total 50% $179,950 $502.26 $1159.42 $1,661.68 75% $269,925 $502.26 $ 579.71 $1,081.97 100% $359,900 $502.26 $0.00 $ 502.26 The entry fee is 100% refundable upon departure
