No Money Down - Assumable Condo Mortgage In Bankview

[VWbloke]

Beautiful, clean, modern condo located in desirable Bankview neighbourhood is available immediately for mortgage assumption. A perfect opportunity to purchase a property without a down payment. Simply cover the legal fees and closing costs for the mortgage transfer.

This 1 bedroom, 1 bathroom condo is contemporarily appointed with hardwood floors, stainless steel appliances, and granite counter tops. A large California closet in the bedroom provides ample room for your wardrobe, with additional space for gear in the large storage room on the main level.

Upgraded Italian tile in the bathroom, and in-suite laundry round out the amenities of this great second-floor unit.

Located right off of trendy 17th Avenue, this condo is walking distance to downtown and close to pubs, restaurants, coffee shops, grocery stores and more. Whether you’re looking to purchase your first home, down-sizing, or want a great rental unit as an investment, this condo will not disappoint.

Mortgage Terms:

5-year fixed @ 3.3%
$683.55 bi-weekly
$324.65 condo fees

Buyer will still need to be approved for the mortgage by BMO. Please PM for full mortgage details.

[Env-Consultant]

Should probably add the current mortgage amount remaining and total years remaining - without that, it's like a car salesman saying what do you want to pay each month, opposed to telling me what the actual total amount is.

[A790]

How much is remaining on the mortgage term? What's the value remaining? What are the fees associated with the mortgage transfer? What are penalties associated with early cancellation of the mortgage?

[VWbloke]

Whoops - thanks for flagging that, fellas!

24 years left on the mortgage with approximately $245K remaining.

Just renewed last year on the 5-year term, so just under 4 years left on that.

Fees are dependent on the lawyer used, but would likely be around $1,500. There are no fees from the bank to transfer the mortgage. However, the person assuming the mortgage will need to be approved by the bank as per any normal mortgage application.

[cosmok]

Parking?

[93VR6]

Sq footage and what do the condo fees include?

[VWbloke]

Street parking only, I'm afraid.

The unit is 500 sq. ft.

Condo fees include water and heat as well as the normal stuff like landscaping, snow removal, seasonal exterior window washing, etc.