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- Mar 17, 2009
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Condominium Investment Opportunity in Winnipeg
Winnipeg, Manitoba
The Condominium PropertyThe property is located in the central residential section of the City of Winnipeg, located near the business district, a few blocks from the University of Winnipeg campus, and a few blocks away from the Health Sciences Centre, one of Canada`s largest care facilities, employing over 6,200 people. One bedroom units are being offered at $74,800 and net positive monthly cash flow even with a 5% downpayment of $3,740.
These figures are estimates, based on 3.99% 5 year mortgage, 4% equity appreciation, 1% vacancy rate.
Why consider buying a condo in Winnipeg?When identifying good real estate investments, several key macro-level factors are considered: diverse economy, GDP economic growth, sizable and growing population, low unemployment.
Winnipeg is Canada`s 8th largest metropolitan area, with a population of over 700,000. Its GDP growth in 2008 was ranked 4th across Canadian cities and it currently has one of the lowest unemployment rates in Canada at 5.6% (Feb 2010). Its real estate market in all sectors continues to reflect positively as evidenced by an exceptionally low vacancy rate currently hovering at 1%. Some of the key drivers for Winnipeg`s strong market are: solid infrastructure projects (Winnipeg airport expansion, construction on the hydro-electric dam, pipelines and highways), improved net migration, continued shortage of listings in the resale market, and lack of adequate additions to the rental housing stock
Contact Us If you are interested, please email: Katherine Lemieux, Arista Investment Group Inc., [email protected]
Winnipeg, Manitoba
The Condominium PropertyThe property is located in the central residential section of the City of Winnipeg, located near the business district, a few blocks from the University of Winnipeg campus, and a few blocks away from the Health Sciences Centre, one of Canada`s largest care facilities, employing over 6,200 people. One bedroom units are being offered at $74,800 and net positive monthly cash flow even with a 5% downpayment of $3,740.
These figures are estimates, based on 3.99% 5 year mortgage, 4% equity appreciation, 1% vacancy rate.
Why consider buying a condo in Winnipeg?When identifying good real estate investments, several key macro-level factors are considered: diverse economy, GDP economic growth, sizable and growing population, low unemployment.
Winnipeg is Canada`s 8th largest metropolitan area, with a population of over 700,000. Its GDP growth in 2008 was ranked 4th across Canadian cities and it currently has one of the lowest unemployment rates in Canada at 5.6% (Feb 2010). Its real estate market in all sectors continues to reflect positively as evidenced by an exceptionally low vacancy rate currently hovering at 1%. Some of the key drivers for Winnipeg`s strong market are: solid infrastructure projects (Winnipeg airport expansion, construction on the hydro-electric dam, pipelines and highways), improved net migration, continued shortage of listings in the resale market, and lack of adequate additions to the rental housing stock
Contact Us If you are interested, please email: Katherine Lemieux, Arista Investment Group Inc., [email protected]