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!
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Listing information last updated on September 23rd, 2019 at 12:15am CDT.