1281 McBride Street, North Vancouver
Long term investor alert. An opportunity to own this great home which sits on a fabulous over 7300 sqft lot with a super south facing private garden at BELOW MARKET VALUE. In exchange, the seller will remain resident via a Life Estate registered on title; paying rent of $2,000 and responsible for all repair & maintenance of the home, insurance costs and the utilities portion (2021 = $1,827.40) of property taxes. Life estate will be released for owner for possession upon seller's death or upon moving out of the home permanently (to a care facility for example). Seller is 73 years old. Note, lenders will not provide a mortgage with a Life Estate on title. Seller may finance over 10 years only for qualified buyer. Serious investors only please!
Taxes (2021): $5,709.81