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UP ISLAND/IC & I <strong>Real</strong> <strong>Estate</strong> <strong>Victoria</strong> week beginning November 24, 2011 Page 25<br />
www.parkplacecowichanbay.com<br />
Visit us at our New Show Home!<br />
Welcome to the Ordano. This 1,384 Sq. Ft., 2 bdrm + den, 2 bath, rancher boasts a<br />
great open concept floor plan with a double garage. Featuring a combined kitchen,<br />
living & dining area, a gas feature fireplace, vaulted great room ceiling, kitchen island<br />
with sink, BBQ patio, master with walk-in closet & full ensuite & much more. A full<br />
appliance package, landscaped yard with sprinklers & a worry free 2/5/10 New Home<br />
Warranty, complete this value packed offering! Offered at $389,900 inclusive of Net HST.<br />
Op e n Hou s e<br />
!<br />
5 minutes<br />
to<br />
Mill Bay!<br />
New Homes<br />
Starting at<br />
BEAUFORT<br />
H EIGHTS<br />
AT MOUNT WASHINGTON<br />
$359,900<br />
Inclusive of<br />
Net HST!<br />
Friday, Saturday & Sunday 1:00 - 4:00pm<br />
Off Cowichan Bay Rd, across from Four Ways<br />
alpine cabins<br />
A Variety of affordable homes to suit<br />
your lifestyle brought to you by<br />
award-winning Cadillac Homes!<br />
www.cadillachomes.ca<br />
HOME, SHOP & ACREAGE<br />
IN PORT ALBERNI, B.C.<br />
$<br />
629,000<br />
When driving to 5555 Golden St. The first thing you notice is<br />
the curb appeal at the end of a quiet street The landscaped<br />
drive and manicured ground is the back drop for the 3600 sq.ft.<br />
custom built 1995 <strong>Victoria</strong>n home. It features 4 bedrooms<br />
4 bathroom of spacious living over 3 floors with distinctive<br />
qualities. A 2400 sq. ft heated shop with its own facilities<br />
surrounded by nature’s scenery with Lugrin Creek on two sides<br />
of the 2.26 acreage. Close to city amenities and recreational<br />
hobbies such as golf and marinas.<br />
GROUP ®<br />
Amanda Douglas<br />
Sales Representative<br />
250-720-1930<br />
QUEENSWOOD REALTY LTD.<br />
West Coast <strong>Real</strong>ty<br />
4815 Johnston Rd,<br />
Port Alberni, BC, V9Y5M<br />
Office: 250-730-7653<br />
<br />
Claire<br />
Yoo<br />
250-<strong>47</strong>7-1100<br />
China Town Restaurant $148,000<br />
Excellent location, low rent of $2,650/ month, & it will fit any<br />
kind of restaurants.<br />
Esso Gas Station with attached A&W Restaurant<br />
$3,400,000<br />
Outstanding exposure & incredible traffic along the E. Island<br />
Hwy.<br />
Motel on Gorge Road $2,399,000<br />
45/<strong>47</strong> unit motel in excellent condition. A corner lot with<br />
great development potential.<br />
Pizza Take Out Place in Downtown $48,000<br />
25 seats inside, Affordable rent, lots of foot traffic & any kind<br />
of take out businesses will fit.<br />
Grocery Store near Jubilee Hospital $90,000<br />
Well established & easy to operate. Busy traffic & parking<br />
available.<br />
Downtown Alteration Shop $45,000<br />
Be your own boss. Affordable lease. Good income & easy to<br />
learn. “Training will be provided”<br />
Franchise Dollar Store in Mill Bay $88,000<br />
Easy to operate, excellent lease & good income.<br />
Dollar Store in Langford $20,000<br />
Newly set up, 2 washrooms (can be other business - bring<br />
your own ideas) & good locattion.<br />
Sidney Sushi Take Out Place $39,000<br />
Well established, ideal location for any kind of take out businesses,<br />
commercial kitchen & under $1,000 rent.<br />
Well Established Day Spa in <strong>Victoria</strong> $185,000<br />
Specializing in hand and foot treatmetns. Manicures, pedicures,<br />
facial & body treatments and many other services. Affordable<br />
rent & long lease in place.<br />
Renovated Downtown Corner Restaurant $78,500<br />
Liquor license, 50 seats, full kitchen, storage room & low<br />
rent.<br />
Downtown Salad Bar $235,000<br />
Easy to operate, franchise salad bar only one in <strong>Victoria</strong>, good<br />
lease.<br />
5231263<br />
NO TIME<br />
LIKE<br />
The Present<br />
TO BUY<br />
A HOME<br />
If you are tired of renting and<br />
have always wanted a home of<br />
your own, now is an excellent<br />
time to take the home ownership<br />
plunge. Attractive mortgage interest<br />
rates, government incentive<br />
programs and an excellent supply<br />
of homes for sale are making the<br />
dream of home ownership possible<br />
for more would-be buyers.<br />
Consider Using<br />
Your RRSPs<br />
You may want to take advantage<br />
of the RRSP Home Buyers’ Plan.<br />
The program allows you to use<br />
your Registered Retirement Savings<br />
Plan (RRSP) contributions<br />
(up to $20,000 per person,<br />
$40,000 per couple) to buy or<br />
build a home. You must be a firsttime<br />
buyer or at least not have<br />
owned a principal residence for<br />
four consecutive years in order to<br />
qualify under the plan. Remember,<br />
no income tax is deducted<br />
from these funds as long as they<br />
are repaid to an RRSP according<br />
to the government’s repayment<br />
schedule.<br />
Different Mortgages<br />
A number of different mortgage<br />
options are available. Under a<br />
conventional mortgage, lenders<br />
will loan you up to 75 per cent of<br />
the appraised value or purchase<br />
price of the property (whichever is<br />
lower) to a maximum set by government<br />
regulation and you must<br />
come up with the remaining 25<br />
per cent yourself. If you don’t<br />
have the 25 per cent down payment,<br />
a high-ratio mortgage may<br />
be available that could provide<br />
most of the required funds. The<br />
proviso is that high-ratio mortgages<br />
must be insured and the<br />
cost falls to you. Check with your<br />
lending institution or mortgage<br />
broker to see whether you would<br />
be eligible for such a mortgage.<br />
Variable-rate mortgages are usually<br />
offered for both conventional<br />
and high-ratio mortgages. If interest<br />
rates climb, you will be paying<br />
more per month in interest; if<br />
rates drop, you will be paying<br />
more off your principal. Fixed-rate<br />
mortgages, on the other hand,<br />
maintain the same rate of interest<br />
over the entire negotiated term.<br />
Examine Your Needs<br />
It is never too early to start considering<br />
where you would like to<br />
live and the type of house that<br />
best suits your needs. This is<br />
where a REALTOR ® ’s services<br />
prove invaluable. REALTORS ®<br />
have access to the Multiple Listing<br />
Service ® (MLS ® ) which is a<br />
co-operative listing system that<br />
offers maximum exposure of<br />
homes listed for sale. A REAL-<br />
TOR ® can help you zero in on the<br />
type of home you want with a<br />
quick search on the computer.<br />
Once you have defined a few key<br />
parameters like price, location<br />
and number of bathrooms, a RE-<br />
ALTOR ® can provide you with a<br />
customized list to assist you in<br />
your search.<br />
Defining your focus is important<br />
because there are plenty of housing<br />
options available in the<br />
Greater <strong>Victoria</strong> area. You will<br />
have to choose the property that<br />
is right for you from among new<br />
houses, resale homes, townhouses<br />
and condominiums. A<br />
REALTOR ® is a highly trained<br />
professional who can help you<br />
choose the one that best suits<br />
your current and projected<br />
lifestyle. A REALTOR ® will accompany<br />
you as you view homes<br />
and provide you with all the pertinent<br />
information to make an informed<br />
decision. So, if you are<br />
ready for home ownership, now is<br />
a good time. Many Canadians<br />
would agree that owning a home<br />
is one of the best investments you<br />
can make and helps provide financial<br />
security for retirement.<br />
This article is provided by the<br />
<strong>Victoria</strong> <strong>Real</strong> <strong>Estate</strong> Board.
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