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100% TENANTED, 49% ROI THE FIRST YEAR!. This amazing low-risk investment project of 6 triplexes offers a total of 18 two-bedroom condo units, built in order to meet the increasing demand for rental residences in the heart of Quebec's Cantons de l'Est within walking distance to the increasingly popular Lake Brome. With all units 100% rented (not to mention tenants on a waiting list), immediate positive cash flow with 20% down, 9% return on annual equity, no condo fees or taxes for the first 2 years, an easy 10% reservation deposit, prices at $17000 CAD below market value, and a fantastic $10000 cashback at closing, you just simply cannot go wrong. This investment is a steal. Construction began in March 2006 on these high quality condominiums and was complete in November 2006. Each unit offers an average living area of 900 sqf with large balconies, acrylic baths, superior guillotine windows, superior insulation, dishwashers, air exchangers, etc, and are set in a landscape harmonious to nature with an artificial lake and carefully planned surroundings. Only 100km from Montreal, this picturesque village was voted by "L'Actualite Magazine" as one of the prettiest towns in Quebec, and is now a member of the "Association des Plus Beaux Villages du Quebec" (Association of the most beautiful villages in Quebec). Knowlton is an ideal holiday destination in both summer and winter with its gorgeous Lake Brome and beach, numerous golf courses, biking trails, nearby ski resorts, and much more. The elegant Victorian village of Knowlton, the largest in Lac-Brome, is famous for its Loyalist roots and splendid heritage which began as a small upper-class village in the 19th century. As early as 1867, vacationers were attracted to Knowlton, already described by the Canadian Handbook Tourist Guide as an exceptional locale. The splendid, opulent residences built around the lake attracted visitors. Today, the quality and the originality of its restaurants and its gift, craft, and antique shops charm visitors. Every autumn, a gastronomical event celebrates the world-famous Brome Lake duck. At Christmas, businesses and residences alike are trimmed with fabulous decorations, creating a vision of Christmas in a bygone era. The Lac Brome Condos concept offers a unique opportunity for you to maximize your capital gain with a subsidized rental income and a positive cash flow in a unique and well established area that is becoming more popular each year. Key Selling Points: - Easy access by road or plane from anywhere in the world
- Superior quality construction
- Selling price $17000 CAD below market value
- Positive monthly Cash Flow of $170 CAD with 20% down (on $140000 CAD sales price)
- 9% return on annual equity
- Waterfront (on planned private lake)
- Yearly total returns of 49%
- Optional rental management program
- $10000 CAD cash back at the deed of sale
- No condos fees or taxes for the first two years of occupation ($7,000 CAD value)
Lac Brome Condos
Canada, Quebec, Knowlton
Two Bedrooms 81m2 to 98m2 - 93000 to 98000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 6.5%
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