Long term investors this is the ultimate passive investment. Offered under current market value, this is a unique opportunity. Seller will remain resident and will be responsible for all expenses (property taxes, insurance, maintenance) via a Life Estate registered on title. Seller is 70 years old. Vendor take back mortgage financing can be provided at 0% interest, favoured terms 20% down remainder amortized over 10-15 years. Seller may consider paying rent and/or releasing the life estate to the owner for possession upon moving out of the home permanently (to a nursing home for example) dependent on the price negotiated. A unique opportunity for serious investors!
ClthWsh/Dryr/Frdg/Stve/DW,Drapes/Window Coverings,Fireplace Insert,Jetted Bathtub,Microwave,Storage Shed,Vacuum - Built In, Central Location,Private Yard,Shopping Nearby