MUST SEE OPEN HOUSE
SUNDAY 1:00 TO 4:00

That's right, come to our Sunday open house and find out how you can live a million dollar plus lifestyle for less than half that amount! Sounds hard to believe, but it's true. This once in a lifetime opportunity results from the owners of Rivergrove Estates deciding to release the last (and best) riverfront/golf course lot in their 81-lot development. Similar river lots in Winnipeg (without a golf course view and without services) have recently sold in the $650,000 range. Add in a gorgeous golf course view and a full complement of city services, and you would likely be looking at around $700,000 for the property alone. Include, a new 1672 square foot, 3 bedroom, 2 bath bungalow, with an oversized double garage (22' x 32'), and it's easy to see a capital investment of well over a million dollars, with property taxes exceeding $1,000 per month.

So how do we get the number under $500,000 and make the lifestyle affordable? It's all because of the unique ownership structure at Rivergrove Estates, Manitoba's premiere manufactured home park. In our park, you own your home, but you lease the land the home sits on. This form of ownership structure is used for many of the recreational areas in the province (Falcon Lake, the Whiteshell, Clear Lake, Hecla Island, etc.) as well as for many high-end resort properties in the U.S.

So, instead of investing $700,000 to purchase the land, you pay rent of $700.00 per month for the use of the land. That rental rate falls under the Provincial Rent Control Legislation, so there's little likelihood of a large increase in the future. To put the value of this unique ownership structure in perspective, consider this. If you were to purchase the land and include the $700,000 as part of your mortgage, the monthly payment at today's mortgage rates would be approximately $3,500 per month. Add a minimum of $1,000 per moth to cover property taxes and you're looking at a total monthly cost of roughly $4,500. Comparing that to a lot rental fee of $700 per month makes for a relatively easy decision.

This type of ownership structure also brings other substantial benefits with it. Firstly, because you don't own the land, there is no land transfer tax on the purchase of this home (over $7,000). Secondly, you get a partial tax credit for the monthly rent you pay for the lot. And lastly, even though you don't own the land, you control the use of it, so you get the historically strong capital appreciation of a riverfront property.

The stunning open concept home, with amazing views of both the golf course and the river, has been professionally staged and is now ready for viewing. Built for Manitoba winters, the home is highly energy efficient, with 2 x 8 exterior walls and argon filled, triple pane windows. Also included in the purchase price is an oversized attached double garage, with room for a workshop, home gym, office, or even your golf cart (don't forget there's a golf course right next door), a $11,000 custom window covering package, and multiple decks on three sides of the home. Central air conditioning, landscaping and asphalt driveway/walks are also included in the purchase price and will be done in the Spring. There's only one, and when it's gone, it's gone, so don't miss out!

To arrange a private viewing, or to receive a detailed information package, call/text Tom Creighton at 204-229-1775, or email FBB@MTS.NET.

RIVERGROVE ESTATES
CITY CONVENIENT! COUNTRY QUIET!
When you call please mention you found this ad listing on OKz.ca